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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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John Reilly
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