Common use of Real Estate Brokerage Clause in Contracts

Real Estate Brokerage. Purchaser represents and warrants to Seller that Purchaser has dealt only with Seller's real estate broker and has not dealt with any other real estate broker or agent in connection with the purchase and sale of the Unit, except as disclosed in the “Broker Disclosure Statement” in Section K below. Seller’s real estate broker and any real estate broker and agent set forth in Section K below are referred to herein as the “Recognized Brokers”. Purchaser agrees to indemnify and hold Seller harmless from any claim whatsoever by any real estate broker or agent other than the Recognized Brokers for any commission and for the costs and expenses of defending any claim for commission (including, without limitation, attorneys' fees and costs) arising out of or related to the purchase and sale of the Unit. This Section shall survive Closing or any earlier termination of this Contract.

Appears in 2 contracts

Sources: Condominium Unit Purchase Agreement, Condominium Unit Purchase Agreement