Real Estate Brokerage Commissions. The General Partner, its Affiliates or unrelated third parties may provide real estate brokerage services in connection with Projects in exchange for commissions not to exceed 4% of the sales price on individually brokered transactions and not to exceed 6% of the sales price on co-brokered transactions. The General Partner and its affiliates will not be paid real estate brokerage commissions on the sale of a property if such property has not generated an annual return of at least 8.5% per annum on the equity contributed to such property.
Real Estate Brokerage Commissions. The total compensation paid to all Persons for the sale of a property held by the Company as a result of a foreclosure shall be limited to a competitive real estate commission, not to exceed six percent (6%) of the contract price for the sale of the property. If the Manager or its Affiliate provides a substantial amount of the services in the sales effort, it may receive up to one-half (1/2) of the competitive real estate commission, not to exceed three percent (3%), and subordinated to the prior payments to Members of an amount of not less than an aggregate of ten percent (10%) per annum cumulative of Capital Contribution. If the Manager or its Affiliate participates with an independent broker on resale, this subordination requirement shall apply only to the commission earned by the manager or its Affiliate.
Real Estate Brokerage Commissions. It is understood and agreed that CBRE (“Broker”) is the sole broker in this transaction and Seller shall be responsible for the payment of all fees and commissions (subject to a separate agreement) due to Broker in connection with the purchase of the Property. The parties hereto represent to the other that it has not authorized any broker or finder to act on its behalf in connection with the purchase hereunder and that it has not dealt with any broker or finder purporting to act on behalf of any other party, other than Broker. Seller and Buyer shall indemnify and hold harmless the other from and against any breach of the foregoing, and all claims, losses, damages, costs or expenses of any kind or character arising out of or resulting from any agreement, arrangement or understanding alleged to have been made by the indemnifying party or on its behalf with any broker or finder, other than Broker, in connection with this Contract or the transaction contemplated hereby.
Real Estate Brokerage Commissions. Seller agrees to pay any and all real estate brokerage commissions payable to CB Xxxxxxx Xxxxx, Inc. (the "Broker") pursuant to a separate agreement. Each party hereby indemnifies, protects, defends (with legal counsel reasonably acceptable to the other party) and holds the other party free and harmless from and against any and all claims, actions, expenses, costs and liabilities arising from or relating to any claim by any broker, agent, finder or other person other than the Broker, licensed or otherwise, claiming through, under or by reason of the conduct of such party in connection with this transaction, including, without limitation, attorneys' fees and costs incurred in connection therewith or to enforce this indemnity agreement.
