Sellers Commission Sample Clauses
The Seller’s Commission clause defines the payment that the seller is obligated to make to a broker or agent for facilitating the sale of a property or asset. Typically, this clause specifies the commission rate or amount, the conditions under which it is earned, and the timing of payment—such as upon closing of the transaction. Its core function is to clearly allocate compensation for brokerage services, thereby preventing disputes over payment and ensuring all parties understand the financial obligations involved in the sale.
Sellers Commission. 30.1. In the event that the Purchaser was introduced to the Subject Matter by any party whatsoever claiming commission on the transaction, such commission shall be the sole responsibility of the Purchaser who hereby indemnifies the Seller against any claim whatsoever by any third party relating to commission on the sale of the Subject Matter.
30.2. The Sellers hereby exclude the Auctioneers from the contents in clause 30.1 as a separate agreement has been entered into between the Liquidators and the Auctioneers.
30.3. The Auctioneer’s commission referred to in clause 30.2 is payable by the Seller, and such commission, and costs, may be deducted by the Auctioneers on acceptance of the Offer by the Seller, from the deposit paid in terms of 7.1 hereof.
Sellers Commission. 6.2.1. There is no seller commission chargeable on this transaction.
Sellers Commission. 19.1. In the event that the Purchaser was introduced to the Subject Matter by any party whatsoever claiming commission on the transaction, such commission shall be the sole responsibility of the Purchaser who hereby indemnifies the Seller against any claim whatsoever by any third party relating to commission on the sale of the Subject Matter.
19.2. The Sellers hereby exclude the Auctioneers from the contents in clause 19.1, as a separate agreement has been entered into between the Seller and the Auctioneers.
19.3. The Auctioneer’s commission referred to in clause 19.2 is payable by the Seller, and such commission, and costs, may be deducted by the Auctioneers on acceptance of the Offer by the Seller, from the deposit paid in terms of 7.1 hereof.
Sellers Commission. We will not charge you any Seller’s Commission on the Property.
Sellers Commission. 27.1. In the event that the Purchaser was introduced to the Subject Matter by any party whatsoever claiming commission on the transaction, such commission shall be the sole responsibility of the Purchaser who hereby indemnifies the Seller against any claim whatsoever by any third party relating to commission on the sale of the Subject Matter.
Sellers Commission. Seller acknowledges that the commission fee shown in the Listing Agreement has been explained to them by the listing Realtor as to how it is distributed to the listing and selling Brokerage offices.
Sellers Commission. A standard commission charge of 15% of the hammer price on any Lot, plus VAT on that commission, shall be payable by the Seller to Chiswick Auctions Ltd. Please note that an additional storage fee of £8 plus VAT is charged on Wine & Spirits lots to cover specialist off-site storage.
Sellers Commission. 6.2.1. There is no SELLER’s commission payable in this contract.
Sellers Commission. Historics shall maintain a list of charges which it shall be at liberty to vary from time to time. It is a condition of these Terms and Conditions that You pay to Historics the Seller's Commission which is a sum equal to 10% of the Hammer Price shown (20% if automobilia) (plus VAT) and which represents part of the consideration due to Historics for Historics' facilitation of the sale of the Lot. In the event that the sale of the Lot to the Buyer is not completed because of any breach by You of these Terms and Conditions You undertake to compensate Historics in full in respect of the Seller's Commission that would have been payable along with any other commission (plus VAT) that would have been due to Historics from You if the sale of the Lot had been completed at the Reserve and if none is stated then at such figure as Historics shall reasonably estimate as the value of the Lot. If Historics is in possession of the Lot (or any other Lot or property of yours) then it may retain that property until any sums due to it are paid with the costs of storage to be paid by You. In the event that the Lot is not sold (or does not meet its Reserve) but during or within one month after the Sale You enter into a commitment with the Buyer or any related company to acquire any interest in the Lot (or any part of it) You also undertake to simultaneously pay Historics 20% of the total price payable to You or any related company for the interest in the Lot (plus VAT).
Sellers Commission. 6.2.1. This agreement is subject or not subject to a sellers commission, which such commission is agreed upon between the AUCTIONEER and the SELLER in a separate Sale Mandate agreement.
6.2.2. The SELLER is also responsible for the payment of all costs incurred in the sale of the PROPERTY as agreed in the separate Sale Mandate.
6.2.3. The SELLER, by signature hereof gives permission that the commission and the marketing costs of the AUCTIONEER may be deducted from the deposit as contemplated in clause 5.3.1 payable by the PURCHASER, which deductions may be reconciled and paid on date of acceptance.