Common use of Retainer Fee Clause in Contracts

Retainer Fee. Buyer will pay Broker a non-refundable Retainer Fee of $ , due and payable upon execution of this agreement. The Retainer Fee shall be applied against any commission owed to Broker. Hourly Fee. Buyer will pay Broker an Hourly Fee of $ for services performed under this agreement due and payable upon receipt of invoice(s) from Broker. The Hourly Fee shall be applied against any commission owed to Broker.