Common use of Broker Representation Clause in Contracts

Broker Representation. Cooperating Broker recognizes that they do not represent the Owner in this transaction. Retail Asset Management, Inc., w ho is acting as a Seller’s Broker only, represent the Owner. Potential Purchaser acknowledges that (1) the Cooperating Broker, as defined, has the exclusive authority to negotiate on Potential Purchaser’s behalf; (2) that Seller agrees to pay a one percent (1%) brokerage commission to Cooperating Broker if the Potential Purchaser purchases the Property, and (3) that Potential Purchaser will indemnify and hold RAM and Owner harmless from any brokerage claims of any other broker purporting to claim commissions through service to Potential Purchaser.

Broker Representation. Cooperating Broker recognizes that they do not represent the Owner in this transaction. Retail Asset Management, Inc., w ho who is acting as a Seller’s Broker only, represent the Owner. Potential Purchaser acknowledges that (1) the Cooperating Broker, as defined, has the exclusive authority to negotiate on Potential Purchaser’s behalf; (2) that Seller agrees to pay a one percent (1%) brokerage commission to Cooperating Broker if the Potential Purchaser purchases the Property, and (3) that Potential Purchaser will indemnify and hold RAM and Owner harmless from any brokerage claims of any other broker purporting to claim commissions through service to Potential Purchaser.