Common use of MARKETING EVALUATION AND LIST PRICE RECOMMENDATIONS Clause in Contracts

MARKETING EVALUATION AND LIST PRICE RECOMMENDATIONS. As needed during the marketing of the property, submit requests to reduce the list price if deemed in the best interest of Residential to do so. Altisource may reduce the price every thirty (30) days by 5% if benchmark initial list price is greater than $150,000.00 or reduce by 8% or minimum $4,000.00 if benchmark initial list price is less than $150,000. At ninety (90) days on market, Altisource will review file to assess potential marketing gaps, including initial list price too high, property condition, broker performance or adverse neighborhood issues. In addition, Altisource will order an updated CMA and make a recommendation on revised pricing.