Common use of Real Estate Commissions Clause in Contracts

Real Estate Commissions. Seller agrees to pay Auction Management Corporation (“Auction Company”) pursuant to a separate agreement. Purchaser agrees to pay any commission due Purchaser’s broker, if applicable. Purchaser acknowledges that Seller has no obligation, either express or implied, to Purchaser’s broker and that this Agreement shall not create any privity of contract between Seller and Purchaser’s broker. The parties acknowledge that the Auction Company shall cooperatively conduct the auction with (the “Cooperating Auctioneer”), that the Auction Company shall pay any fee due the Cooperating Auctioneer for the sale of the Property, that the Seller shall have no liability to the Cooperating Auctioneer, and that there is no privity of contract between Seller and the Cooperating Auctioneer. Any commissions shall be paid only upon Closing. A broker cannot act as a principal and a broker on the same transaction.

Real Estate Commissions. Seller agrees to pay Auction Management Corporation Company (“Auction Company”) pursuant to a separate agreement. Purchaser agrees to pay any commission due Purchaser’s broker, if applicable. Purchaser acknowledges that Seller has no obligation, either express or implied, to Purchaser’s broker and that this Agreement shall not create any privity of contract between Seller and Purchaser’s broker. The parties acknowledge that the Auction Company shall cooperatively conduct the auction with (the “Cooperating Auctioneer”), that the Auction Company shall pay any fee due the Cooperating Auctioneer for the sale of the Property, that the Seller shall have no liability to the Cooperating Auctioneer, and that there is no privity of contract between Seller and the Cooperating Auctioneer. Any commissions shall be paid only upon Closing. A broker cannot act as a principal and a broker on the same transaction.