Brokerage Compensation Sample Clauses
The Brokerage Compensation clause defines how and when a broker is paid for their services in a transaction. Typically, it outlines the percentage or amount of commission the broker will receive, specifies the conditions under which payment is due, and may address who is responsible for paying the commission—such as the buyer, seller, or both. This clause ensures that all parties understand the broker's financial entitlement, thereby preventing disputes over payment and clarifying the broker's role in the transaction.
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Brokerage Compensation. The brokerage compensation payable to the broker in this sale is not set by any national, state or local Association of Realtors, but in all cases is set by the Broker and the Seller. In this agreement, Seller agrees to pay RealtySouth compensation of $299 plus % of the sales price for finding a purchaser, ready, willing and able to purchase the Property upon the terms herein mentioned, or at any price upon terms acceptable to Seller. The $299 is retained solely by Broker; the percentage commission is shared among Broker, its agents and cooperating brokers, if any. The brokerage compensation will apply whether Purchaser is secured by RealtySouth or Seller, or by another person, or, if the Property is afterward sold within 180 days from the termination of this Agreement or extensions thereof, to any person to whom the Property has been shown by anyone, including the Seller, during the listing period. However, no brokerage fee shall be due RealtySouth if after this listing is expired the Property is relisted with another licensed real estate broker and sold through his/her exclusive right to sell. Seller agrees that RealtySouth may engage other brokers to assist in marketing the Property and may share its commission with such other brokers on a basis determined solely by RealtySouth (but shall not be required to do so under this Agreement). In any event, Seller shall pay the full brokerage compensation as directed by RealtySouth. RealtySouth’s policy is to offer cooperation and compensation, excluding the $299 portion of RealtySouth’s compensation, to any real estate broker who may sell your property, subject to any prior bilateral agreements between brokers or unilateral notice to another broker, if any. Compensation offered the cooperating broker does not vary based on that broker’s agency or non- agency status. For the listing percentage or amount to be offered to cooperating brokers pursuant to this listing contract, please consult your RealtySouth sales associate. RealtySouth’s policy is to disclose to all parties to a potential transaction, either directly or through the parties’ real estate agents, the existence of multiple or competing offers for the purchase of your property. We believe that this policy best serves the needs of both sellers and buyers. If you do not agree to have this information disclosed, please advise your RealtySouth agent in writing.
Brokerage Compensation. ▇▇▇▇▇▇▇▇ agrees to pay ▇▇▇▇▇▇’s Brokerage Firm compensation calculated as follows . The compensation shall be due and payable one-half upon execution of the Lease and one-half upon ▇▇▇▇▇▇’s occupancy of the Premises. The Premises are commercial real estate for purposes of RCW 60.42 and RCW 64.06. Tenant’s Brokerage Firm is an intended beneficiary of this compensation obligation and it cannot be cancelled or changed without Tenant’s Brokerage Firm’s written consent. In any dispute in connection with payment of compensation to ▇▇▇▇▇▇’s Brokerage Firm, the prevailing party shall be entitled to its attorneys’ fees and costs, whether or not suit is filed. Landlord and Tenant consent to ▇▇▇▇▇▇▇▇’s Brokerage Firm and ▇▇▇▇▇▇’s Brokerage Firm receiving compensation from more than one party and to the sharing of compensation between firms.
Brokerage Compensation. ▇▇▇▇▇ and Seller agree that brokerage fees and expenses incurred by ▇▇▇▇▇ under 139 the Buyer Representation Agreement in connection with the Buyer’s purchase of the Real Estate (“Buyer’s Brokerage 140 Fees”) shall be paid at Closing as follows: 141 (i) ▇▇▇▇▇▇ agrees to pay $ or _ % of the Purchase Price to Buyer Brokerage at Closing, which 142 amount shall be paid out of the Seller’s proceeds at Closing and disbursed to Buyer Brokerage on behalf 143 of Buyer and applied towards ▇▇▇▇▇’s Brokerage Fees due to Buyer Brokerage under the Buyer 144 Representation Agreement. 145 (ii) Buyer shall pay all remaining Buyer’s Brokerage Fees (if any) due from Buyer under the Buyer 146 Representation Agreement (i.e., all Buyer Broker Fees due under the Buyer Representation Agreement, 147 less any agreed to be paid at Closing by Seller (if any)). 148 (d) OTHER TERMS FOR PAYMENT OF COMPENSATION: _ 149 _ _ _ _ 150 (If any blanks in sub-sections 7(c) and/or 7(d) above are not filled in, it shall be construed as zero or not 151 applicable.) 152 ▇▇▇▇▇ acknowledges that any amount ▇▇▇▇▇▇ agrees to pay to the Buyer’s Brokerage at Closing will not exceed the total 153 amount Buyer owes to the Buyer’s Brokerage under the Buyer Representation Agreement. If Seller’s payment is less than 154 the total amount owed, ▇▇▇▇▇ will be responsible for the remaining balance. For clarity, unless explicitly stated otherwise, 155 Seller is responsible for paying any amounts due to Seller’s Listing REALTOR®. In the event that Seller is not receiving 156 any cash proceeds at Closing, the Seller remains obligated to fulfill this payment by other means. Both Buyer and Seller 157 confirm that they have not engaged any other real estate agents or brokers for this sale, other than those referenced in 158 this Contract (or in the information pages attached hereto). 159
Brokerage Compensation. Seller agrees to pay to Broker, at the closing of the sale which includes, but is 15 not limited to, payment of purchase price in full, execution of a 1031 exchange, execution of a deed of trust, 16 or execution of a promissory note, a real estate compensation (hereinafter “Compensation”) of 17 ___________________________ percent (_______%) of the negotiated sales price should Prospect enter 18 into, during the Authorization Period, an enforceable Purchase and Sale Agreement to purchase the Property, DRAFT SPECIMEN 19 and Seller acknowledges that in such event, Broker shall have been the procuring cause of such sale. In the 20 event that the Property is sold directly by Seller to Prospect within [insert time 21 period] after the expiration of the Authorization Period, then Seller agrees to pay the Compensation to Broker 22 at the closing of the sale.
Brokerage Compensation. When Due & Payable
Brokerage Compensation. If during the Listing Period or any extension of the Listing Period, ▇▇▇▇▇▇▇▇▇ West Realty, Seller’s Agent, Seller, another real estate agent or any other person locates a party who is ready, willing, and able to purchase, lease, or exchange the PROPERTY, the Seller agrees to pay the following Brokerage Compensation comprised of a flat fee and a percentage fee as follows:
2.1 The Seller agrees to pay ▇▇▇▇▇▇▇▇▇ West Realty a Base Brokerage Fee of $295.00, and
2.2 In addition to the Base Brokerage Fee, the Seller agrees to pay ▇▇▇▇▇▇▇▇▇ West Realty seven percent (7%) or All Brokerage Compensation shall be due and payable, from the proceeds of Seller, on (a) the date of recording of closing documents for the acquisition of the PROPERTY or (b) the first day of the lease, or (c) the date the option is signed. If within the Listing Period or any extensions of the Listing Period the PROPERTY is withdrawn from sale, is transferred, conveyed, leased, rented, or made unmarketable by voluntary act of Seller, without the consent of ▇▇▇▇▇▇▇▇▇ West Realty, or if the sale is prevented by default of Seller, the Brokerage Compensation shall immediately be paid to ▇▇▇▇▇▇▇▇▇ West Realty. ▇▇▇▇▇▇▇▇▇ West Realty is authorized to share the Brokerage Compensation with another brokerage participating in any transaction arising out of the Listing Agreement.