I've seen this topic come up, from time-to-time, but never really
followed the discussion as it didn't interest me greatly. However,
I dimly recall a few points.
1) I have the idea that many people amend the deposit payment clause
so that it goes to the vendors legal representative. (not kept by agency)
2) That commission payment is not made until all final (cleared) funds
for the sale are certain.
And, given the "Nelson case," I wondered if it was prudent to include
a clause saying no commission payable if a tenant buys, even during
an exclusive agency period? Same for a family member, perhaps? Even
a work colleague?
My general question is what sort of general/specific changes do folks
make to such agency agreements?
followed the discussion as it didn't interest me greatly. However,
I dimly recall a few points.
1) I have the idea that many people amend the deposit payment clause
so that it goes to the vendors legal representative. (not kept by agency)
2) That commission payment is not made until all final (cleared) funds
for the sale are certain.
And, given the "Nelson case," I wondered if it was prudent to include
a clause saying no commission payable if a tenant buys, even during
an exclusive agency period? Same for a family member, perhaps? Even
a work colleague?
My general question is what sort of general/specific changes do folks
make to such agency agreements?
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