Common use of Services and Compensation Clause in Contracts

Services and Compensation. To help you sell your property, the listing firm and its agents will offer to per- form a number of services for you. These may include • helping you price your property • advertising and market- ing your property • giving you all required property dis- closure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm a sales commission or fee. The listing agreement must state the amount or method for determining the commission or fee and whether you will allow the firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm is working as a buyerʼs agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential information about them to the other party. Some firms also offer a form of dual agency called “designated agency” where one agent in the firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es as to how you want a real estate firm and its agents to work with you. For example, you may want them to repre- sent only you (as a buyerʼs agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs agent or subagent). Some agents will offer you a choice of these services. Others may not.

Services and Compensation. To help Whether you sell your propertyhave a written or unwritten agreement, the listing firm and its agents a buyerʼs agent will offer to per- form perform a number of services for you. These may include • helping you price your • find a suitable property • advertising arrange financing • learn more about the property and market- ing • other- wise promote your property • giving best interests. If you all required property dis- closure forms for have a written agency agreement, the agent can also help you prepare and submit a written offer to the seller. A buyerʼs agent can be compensated in different ways. For example, you can pay the agent out of your own pocket. Or the agent may seek compensation from the seller or listing agent first, but require you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay if the listing firm agent refuses. Whatever the case, be sure your compensation arrangement with your buyerʼs agent is spelled out in a sales commission or fee. The listing buyer agency agreement must state before you make an offer to purchase property and that you carefully read and understand the amount or method for determining the commission or fee and whether you will allow the firm to share its commission with agents representing the buyercompensation provision. Dual Agent You may even permit the listing an agent or firm and its agents to represent you and a buyer the seller at the same time. This “dual agency relationshiprela- tionship” is most likely to happen if an agent you become interested in a property listed with your listing firm is working as a buyerʼs agent with someone who wants to purchase your propertyor the agentʼs firm. If this occurs and you have not already agreed to a dual agency relationship in your listing (written or oral) buyer agency agreement, your listing buyerʼs agent will ask you to sign a separate agreement or document permitting the agent him or her to act as agent for both you and the buyerseller. It may be difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential information informa- tion about them to the other party. Some firms also offer a form of dual agency called “designated agency” where one agent in the firm represents repre- sents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es as to how you want a real estate firm and its agents to work with you. For example, you may want them to repre- sent only you (as a buyerʼs agent). You may This can best be willing for them to represent both you and accomplished by putting the seller agreement in writing at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs agent or subagent). Some agents will offer you a choice of these services. Others may notearliest possible time.

Services and Compensation. To help you sell your property, the listing firm firm and its agents will offer to per- form perform a number of services for you. These may include • helping you price your property • advertising and market- ing marketing your property • giving you all required property dis- closure disclosure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm firm a sales commission or fee. The listing agreement must state the amount or method for determining the commission or fee and whether you will allow the firm firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm firm is working as a buyerʼs buyer’s agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential confidential information about them to the other party. Some firms firms also offer a form of dual agency called “designated agency” where one agent in the firm firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs agent’s loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS Buyers When buying real estate, you may have several choic- es choices as to how you want a real estate firm firm and its agents to work with you. For example, you may want them to repre- sent represent only you (as a buyerʼs buyer’s agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs seller’s agent or subagent). Some agents will offer you a choice of these services. Others may not.

Services and Compensation. To help you sell your property, the listing firm firm and its agents will offer to per- form a number of services for you. These may include • helping you price your property • advertising and market- ing your property • giving you all required property dis- closure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm firm a sales commission or fee. The listing agreement must state the amount or method for determining the commission or fee and whether you will allow the firm firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm firm is working as a buyerʼs agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential confidential information about them to the other party. Some firms firms also offer a form of dual agency called “designated agency” where one agent in the firm firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es as to how you want a real estate firm firm and its agents to work with you. For example, you may want them to repre- sent only you (as a buyerʼs agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs agent or subagent). Some agents will offer you a choice of these services. Others may not.

Services and Compensation. To help you sell your property, the listing firm firm and its agents will offer to per- form perform a number of services for you. These may include • helping you price your property • advertising and market- ing marketing your property • giving you all required property dis- closure disclosure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm firm a sales commission or fee. The listing agreement must state the amount or method for determining the sales commission or fee and whether you will allow the firm firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm firm is working as a buyerʼs buyer’s agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate amend your listing agreement or document permitting to permit the agent to act as agent for both you and the buyer. It may be difficult difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential confidential information about them to the other party. Some firms firms also offer a form of dual agency called “designated dual agency” where one agent in the firm firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs agent’s loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es choices as to how you want a real estate firm firm and its agents to work with you. For example, you may want them to repre- sent represent only you (as a buyerʼs buyer’s agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs seller’s agent or subagent). Some agents will offer you a choice of these services. Others may not.

Services and Compensation. To help you sell your property, the listing firm firm and its agents will offer to per- form perform a number of services for you. These may include • helping you price your property • advertising and market- ing marketing your property • giving you all required property dis- closure disclosure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm firm a sales commission or fee. The listing agreement must state the amount or method for determining the commission or fee and whether you will allow the firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm firm is working as a buyerʼs buyer’s agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential confidential information about them to the other party. Some firms firms also offer a form of dual agency called “designated agency” where one agent in the firm firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es as to how you want a real estate firm and its agents to work with you. For example, you may want them to repre- sent only you (as a buyerʼs agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs seller’s agent or subagent). Some agents will offer you a choice of these services. Others may not.

Services and Compensation. To help you sell your property, the listing firm firm and its agents will offer to per- form perform a number of services for you. These may include • helping you price your property • advertising and market- ing marketing your property • giving you all required property dis- closure disclosure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm firm a sales commission or fee. The listing agreement must state the amount or method for determining the commission or fee and whether you will allow the firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm firm is working as a buyerʼs buyer’s agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential confidential information about them to the other party. Some firms firms also offer a form of dual agency called “designated agency” where one agent in the firm firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es as to how you want a real estate firm and its agents to work with you. For example, you may want them to repre- sent only you (as a buyerʼs agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs seller’s agent or subagent). Some agents will offer you a choice of these services. Others may not.

Services and Compensation. To help you sell your property, the listing firm firm and its agents will offer to per- form perform a number of services for you. These may include • helping you price your property • advertising and market- ing marketing your property • giving you all required property dis- closure disclosure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm firm a sales commission or fee. The listing agreement must state the amount or method for determining the commission or fee and whether you will allow the firm firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm firm is working as a buyerʼs buyer’s agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential confidential information about them to the other party. Some firms firms also offer a form of dual agency called “designated agency” where one agent in the firm firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs agent’s loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es choices as to how you want a real estate firm firm and its agents to work with you. For example, you may want them to repre- sent represent only you (as a buyerʼs buyer’s agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs seller’s agent or subagent). Some agents will offer you a choice of these services. Others may not.

Services and Compensation. To help you sell your property, the listing firm firm and its agents will offer to per- form perform a number of services for you. These may include • helping you price your property • advertising •advertising and market- ing marketing your property • giving you all required property dis- closure disclosure forms for you to complete • negotiating for you the best possible price and terms • reviewing all written offers with you and • otherwise promoting your interests. For representing you and helping you sell your property, you will pay the listing firm firm a sales commission or fee. The listing agreement must state the amount or method for determining the commission or fee and whether you will allow the firm firm to share its commission with agents representing the buyer. Dual Agent You may even permit the listing firm firm and its agents to represent you and a buyer at the same time. This “dual agency relationship” is most likely to happen if an agent with your listing firm firm is working as a buyerʼs buyer’s agent with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain confidential confidential information about them to the other party. Some firms firms also offer a form of dual agency called “designated agency” where one agent in the firm firm represents the seller and another agent represents the buyer. This option (when available) may allow each “designated agent” to more fully represent each party. If you choose the “dual agency” option, remember that since a dual agentʼs agent’s loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent and • what the agent will be doing for you in the transaction. BUYERS When buying real estate, you may have several choic- es choices as to how you want a real estate firm firm and its agents to work with you. For example, you may want them to repre- sent represent only you (as a buyerʼs buyer’s agent). You may be willing for them to represent both you and the seller at the same time (as a dual agent). Or you may agree to let them represent only the seller (sellerʼs seller’s agent or subagent). Some agents will offer you a choice of these services. Others may not.