Agreement To Cooperate With And 7 To Compensate Buyer'S Broker Form
Download a blank fillable Agreement To Cooperate With And 7 To Compensate Buyer'S Broker Form in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Agreement To Cooperate With And 7 To Compensate Buyer'S Broker Form with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2Mainstreet Organization of REALTORS ®
2
“ F O R S A L E B Y O W N E R ” A G R E E M E N T ”
3
4
5
A G R E E M E N T T O C O O P E R A T E W I T H A N D
6
T O C O M P E N S A T E B U Y E R ’ S B R O K E R
7
8
N O T T O B E U S E D W H E N S E L L E R
9
I S R E P R E S E N T E D B Y A B R O K E R
10
11
12
13
This Agreement is entered into on __________________, 20 ___________, by and between Seller,
14
____________________________________________________________
and
Buyer’s
Broker
15
________________________________________________ (insert name of Company) regarding the sale of
16
real estate (hereinafter referred to as “the Property”) commonly known as _______________________
17
___________________________________________________, IL.
18
The parties to this Agreement hereby acknowledge that:
19
A.
The Buyer’s Broker has established an agency relationship with __________________
20
_________________________________________, the Proposed Buyer of the Property;
21
B.
_______________________________________________ is a Sales Associate of the Buyer’s
22
Broker and is acting in this transaction as the Designated Agent of the Proposed Buyer.
23
C.
As the Designated Agent of the Proposed Buyer, the Licensee and the Buyer’s Broker have duties
24
established by law to represent the interests of the Proposed Buyer.
25
D.
As a result of the agency relationship established with the Proposed Buyer, the Licensee and the
26
Buyer’s Broker will not establish an agency relationship with the Seller, without the written consent to all parties
27
to the transaction in the form of a specific Dual Agency Agreement.
28
In accordance with the above and foregoing Acknowledgements, and for good and valuable
29
consideration, the sufficiency of which is hereby acknowledged by the parties to this Agreement, it is agreed as
30
follows:
31
1.
In the event that the Seller accepts a written offer from the Proposed Buyer to sell the Property
32
upon terms and conditions acceptable to Seller and Proposed Buyer, and
33
2.
The Proposed Buyer satisfies all conditions precedent in the written offer to purchase the
34
Property, then
35
3.
Seller agrees to compensate Buyer’s Broker in an amount equal to ____% of the sales price
36
contained in the accepted written offer referred to in paragraph 1 above. Such compensation
37
should be paid to Buyer’s broker at the time of the closing of the subject transaction.
38
4.
This document represents an Agreement to Compensate a Buyer’s Broker and shall not be
39
construed as establishing a brokerage agreement, an agency relationship or a fiduciary
40
relationship between the Seller and the Buyer’s Broker. It is also acknowledged that this
41
document does not establish a Dual Agency Agreement.
42
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business