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T. Between the Effective Date of this Contract and the closing date, all property included in the transaction, if any, shall be maintained by
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Seller in the condition existing as of the Effective Date of this Contract, ordinary wear and tear excepted.
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U. In any litigation (including all appeals) arising out of this Contract involving Seller and Buyer or Broker or Escrow Agent, the prevailing
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party shall be entitled to recover all costs incurred, including reasonable attorney’s fees.
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V. A signature transmitted by telefax shall be deemed to have the same effect as an original signature. This agreement may be executed in
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counterparts.
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W. The Effective Date shall be the last date of execution by Buyer or Seller. All time periods shall be calculated commencing the day after the
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Effective Date unless specified herein.
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16. SPECIAL CLAUSES:
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17. BROKER’S COMPENSATION: (check one)
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[ ] If a written Listing Contract is currently in effect, Seller agrees to pay the Broker(s) named below a professional service fee according to the
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terms of the Listing Contract.
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[ ] If no written Listing Contract is currently in effect, Seller shall pay the Broker(s) named below a professional service fee of _______ % of
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the purchase price or $ ________________ at the time of closing.
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If the transaction does not close because of refusal or failure of Buyer to perform, Buyer shall pay Broker(s) professional service fee in full upon
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demand, without thereby releasing the Seller from said obligation. In such event, fifty percent of Buyer’s deposit(s) (made or agreed to be made)
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shall be paid to Brokers and shall be credited against Buyer’s liability for the total professional service fee. The balance of Buyer’s deposit(s)
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shall first be applied toward Brokers’ attorneys fees and costs arising from Buyer’s breach, then to other expenses incurred by Broker(s) on
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Seller’s behalf and the balance paid, if any, to the Seller. Nothing in this Paragraph shall preclude Seller from asserting Seller’s rights against
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Buyer as provided for in Paragraph 9, relating to default. If Seller defaults or if there is a recision without Brokers’ consent, Seller shall pay
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Brokers’ professional service fee in full upon demand.
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_________________________________________
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_____________________________________
______________
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Buyer
Date
Seller
Date
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SS# _____________________________________________
SS# ___________________________________________
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_________________________________________
_____________
_____________________________________
______________
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Buyer
Date
Seller
Date
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SS# _____________________________________________
SS# ___________________________________________
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________________________________________________
_______________________________________________
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(Firm Name and Phone Number of Cooperating Broker)
(Firm Name and Phone Number of Listing Broker)
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________________________________________________
_______________________________________________
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(Cooperating Licensee’s Name and Public I.D. Number)
(Listing Licensee’s Name and Public I.D. Number)
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THIS FORM HAS BEEN APPROVED BY THE SOUTH BROWARD BOARD OF REALTORS, INC.
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This is a legally binding Contract and accordingly you may wish to seek Legal, Environmental and/or Tax Advice
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BPASC
Page 5 of 5
Rev 3/2001
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