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AZREB.com | Real Estate Clauses
Commissions
In
consideration for the efforts of the undersigned licensed real estate broker in
the State of _______, as provided at the end of this Agreement, to consummate
the sale of The Property, the Seller shall pay the sum of ________________
to ______________________,
for services rendered. Escrow Agent
is hereby irrevocably instructed by the Seller to pay said commission from
Seller’s proceeds at close of escrow.
Each
party represents and warrants to the other that such party has not dealt with
any other real estate brokers or salesmen, finders or other persons or entities
of any kind or nature who will, may or might make a claim for a commission or
finders fee in connection with this transaction and each party shall indemnify
and hold harmless the other from and against any and all liability,
responsibility, claims, losses, damages, costs, controversies, expenses and
attorneys' fees of any kind or nature incurred or sustained by the other party
as a result of the claim of any person or entity for a commission or finders fee
resulting from the activities or actions of the party. This Section shall
survive the Closing.
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