Common use of Real Estate Fees Clause in Contracts

Real Estate Fees. Reimbursement of costs of the real estate fee shall be the least of: seven per centum of sale price or $10,000.00 or the amount charged by a real estate agency. This shall be payable upon the sale of the employee’s principal place of residence (or employee’s spouse and children’s principal place of residence) which was owned by the employee (or jointly by the employee and spouse) prior to the transfer date. An employee who has sold their private dwelling house in which they resided immediately prior to the date of the appointment to the new position, without the aid of a realtor, shall be entitled to claim $3,000.00 and shall not be eligible for reimbursement as described above. This reimbursement may be claimed up to one year after the transfer has taken place.

Real Estate Fees. Reimbursement of costs of the real estate fee shall be the least of: seven per centum of sale price or $10,000.00 or the amount charged by a real estate agency. This shall be payable upon the sale of the employee’s employee‟s principal place of residence (or employee’s employee‟s spouse and children’s children‟s principal place of residence) which was owned by the employee (or jointly by the employee and spouse) prior to the transfer date. An employee who has sold their private dwelling house in which they resided immediately prior to the date of the appointment to the new position, without the aid of a realtor, shall be entitled to claim $3,000.00 and shall not be eligible for reimbursement as described above. This reimbursement may be claimed up to one year after the transfer has taken place.

Real Estate Fees. Reimbursement of costs of the real estate fee shall be the least of: seven per centum percentum of sale price or $10,000.00 or the amount charged by a real estate agency. This shall be payable upon the sale of the employee’s 's principal place of residence (or employee’s 's spouse and children’s principal place of residence) which was owned by the employee (or jointly by the employee and spouse) prior to the transfer date. An employee who has sold their private dwelling house in which they resided immediately prior to the date of the appointment to the new position, without the aid of a realtor, shall be entitled to claim $3,000.00 and shall not be eligible for reimbursement as described above. This reimbursement may be claimed up to one year after the transfer has taken place.