Common use of Retainer Fee Clause in Contracts

Retainer Fee. Buyer will pay Broker a non-refundable Retainer Fee of $ , due and payable upon execution of this agreement. The Retainer Fee shall be applied against any commission owed to Broker. Hourly Fee. Buyer will pay Broker an Hourly Fee of $ for services performed under this agreement due and payable upon receipt of invoice(s) from Broker. The Hourly Fee shall be applied against any commission owed to Broker. Flat Fee. In the event Buyer contracts to purchase the Desired Property, Buyer will pay Broker a Flat Fee equal to