Common use of Resumption of Agency Status Clause in Contracts

Resumption of Agency Status. In the event that Broker and Listing Licensee default to a Facilitator status, this 275 Facilitator status will shall only be temporary. The Facilitator status will shall only last until any transaction or 276 contemplated transaction in which the parties are all represented by the Facilitator is resolved (either because the 277 transaction is closed or contemplated transaction between the parties is terminated or not accepted and no further 278 negotiations occur between the parties). At that time, the Broker and Listing Licensee shall immediately revert 279 back to their status as Agent for the Seller.

Appears in 1 contract

Samples: Sell Listing Agreement

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Resumption of Agency Status. In the event that Broker Firm and Listing Licensee default to a Facilitator 251 status, this 275 Facilitator status will shall only be temporary. The Facilitator status will shall only last until any 252 transaction or 276 contemplated transaction in which the parties are all represented by the Facilitator is 253 resolved (either because the 277 transaction is closed or contemplated transaction between the parties is 254 terminated or not accepted and no further 278 negotiations occur between the parties). At that time, the Broker 255 Firm and Listing Licensee shall immediately revert 279 back to their status as Agent for the Seller.. _________________________________________ designated

Appears in 1 contract

Samples: Commercial Exclusive Right to Sell Listing Agreement

Resumption of Agency Status. In the event that Broker and Listing Selling Licensee default to a Facilitator status, this 275 169 Facilitator status will shall only be temporary. The Facilitator status will shall only last until any transaction or 276 170 contemplated transaction in which the parties are all represented by the Facilitator is resolved (either because 171 the 277 transaction is closed or the transaction or contemplated transaction between the parties is terminated or not accepted and no 172 further 278 negotiations occur between the parties). At that time, the Broker and Listing Selling Licensee shall immediately 173 revert 279 back to their status as Agent for the SellerBuyer.

Appears in 1 contract

Samples: Exclusive Buyer Representation Agreement

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Resumption of Agency Status. In the event that Broker and Listing Licensee default to a Facilitator status, this 275 310 Facilitator status will shall only be temporary. The Facilitator status will shall only last until any transaction or 276 311 contemplated transaction in which the parties are all represented by the Facilitator is resolved (either because the 277 312 transaction is closed or contemplated transaction between the parties is terminated or not accepted and no further 278 313 negotiations occur between the parties). At that time, the Broker and Listing Licensee shall immediately revert 279 314 back to their status as Agent for the Seller.

Appears in 1 contract

Samples: Sell Listing Agreement

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