Common use of OTHER BROKERS Clause in Contracts

OTHER BROKERS. If, within sixty (60) days after the expiration or termination of this Agreement, Owner enters into a written listing agreement or owner-agency agreement with a licensed real estate broker other than Broker concerning the Property, then Owner shall provide to Owner's new broker the names of the Registered Persons and shall provide in such new agreement that the new broker shall not be entitled to receive any of the compensation payable to Broker hereunder for the consummation of a Transaction or Alternative Transaction with a Registered Person. However, if Seller employs another real estate firm as exclusive agent for marketing the Property after expiration of this Listing Agreement, Seller shall pay only one professional fee, and that to the currently employed real estate firm.

OTHER BROKERS. If, within sixty (60) days after the expiration or termination of this Agreement, Owner enters into a written listing agreement or owner-agency agreement with a licensed real estate broker other than Broker concerning the Property, then Owner shall provide to Owner's new broker the names of the Registered Persons and shall provide in such new agreement that the new broker shall not be entitled to receive any of the compensation payable to Broker hereunder for the consummation of a Transaction or Alternative Transaction with a Registered Person. However, if Seller employs another real estate firm as exclusive agent for marketing the Property after expiration of this Listing Agreement, Seller shall pay only one professional fee, and that to the currently employed real estate firm.. Seller(s) Initials: Designated Agent Initials: _____ 3 of 10