Common use of Listing Broker Compensation Clause in Contracts

Listing Broker Compensation. Seller will compensate Broker as specified below (“Compensation”) for procuring a buyer/renter who is ready, willing, and able to purchase/lease the Property or any interest in the Property on the terms of this Agreement or on any other terms acceptable to Seller. Broker will earn Compensation when a sale of the Property has been completed, regardless of who has found the buyer (“Buyer”). Compensation shall be paid by Seller, in U.S. funds, at the time of, and as a condition of, sale completion. This Agreement shall serve as escrow instructions. Seller will pay Broker as follows: a) 0.25% % of the total purchase price or gross lease (“Compliance Fee”), no later than the date of closing specified in the sales/lease contract. This fee is used to cover the costs of ensuring compliance with State Laws and MLS rules and regulations. NOTICE: BROKER (LISTWITHFREEDOM) DOES NOT SHARE COMMISSIONS WITH A BUYER’S BROKER. Seller understands that having multiple exclusive real estate listing agreements at the same time may lead to Seller having to pay additional fees. Thus, Seller confirms that Seller is not party to any active, exclusive real estate listing agreements besides this one.