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Education, Misc

May 15, 2018

“no deal/no commission” clause


Word of the day

“no deal/no commission” clause

A clause in a listing contract that stipulates paying a commission only if and when title passes. This nullifies the generally accepted principle that a broker earns commission when the broker has brought an acceptable “ready, willing, and able” buyer to the seller for the price and under the terms specified in the listing agreement.

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