THIS AGREEMENT MADE BETWEEN:
THE CITY OF EDMONTON
- and -
The City is the registered owner of the land legally described as:
EXCEPTING THEREOUT ALL MINES AND MINERALS
(the “Sale Land”).
The Brokerage is a licensed real estate brokerage in the Province of Alberta.
The Brokerage advises that it represents a party who is interested in the Sale Land as buyer,
The Brokerage acts as the agent for the Buyer, and the City is prepared to pay to the
Brokerage a commission, should the Brokerage’s efforts and actions result in the sale of the Sale
Land to the Buyer.
IN CONSIDERATION OF the mutual covenants herein contained, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by the Brokerage, the
City and the Brokerage agree as follows:
This Agreement shall commence upon the date of full execution by all parties and expire on the
later of the payment of the Commission (as later defined) to the Brokerage or the _______ day of
The City shall pay to the Brokerage a commission of
% on the first $100,000.00 and
% thereafter to $1,000,000.00, and
% thereafter on the balance of the sale price for the
Sale Land as defined in the sale agreement with the Buyer, less all applicable MLS fees, plus
applicable Goods and Services Tax (the “Commission”).