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VARIABLE COMMISSION ADDENDUM TO LISTING CONTRACT PROPERTY ADDRESS: It is agreed that upon the sale and close of escrow of the subject property, $ of West USA Premier Properties commission will be.

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How to fill out the VARIABLE COMMISSION ADDENDUM TO LISTING CONTRACT online

Filling out the Variable Commission Addendum to Listing Contract is an essential process for managing commission agreements effectively. This guide will provide clear, step-by-step instructions on how to complete the addendum online, ensuring a smooth experience for all parties involved.

Follow the steps to accurately complete the form online.

  1. Click the ‘Get Form’ button to access the Variable Commission Addendum and open it in the online editor.
  2. Begin by entering the property address in the designated field. Ensure all information is accurate to avoid any future confusion.
  3. Next, specify the amount of commission to be held in West USA Premier Properties’ Trust Account in the corresponding section. Make sure to double-check the amount you enter.
  4. Indicate the number of days after the close of escrow within which the seller must complete a subsequent purchase of real property. This is crucial for determining when the commission funds will be released.
  5. Review the stipulations regarding the release of funds to ensure you understand the conditions attached. This will help to clarify any obligations or expectations.
  6. Once all fields are filled out accurately, proceed to review the entire document for correctness and completeness.
  7. Finally, you can save your changes, download the document, print it, or share it as required to finalize the process.

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An exclusive right-to-sell listing is the most common type of listing. It gives the broker the exclusive right to earn a commission by representing the owners and bringing a buyer, either through another brokerage or directly. As the owner, you pay both the listing and selling broker fees.

In short, a Variable Rate Commission is when the listing broker agrees to a reduced total commission should they (or one of their agents) also procure the buyer without the assistance of a cooperating broker.

The REALTOR® Code of Ethics defines a variable-rate commission arrangement as a listing in which one amount of commission is payable if the listing broker's firm is the procuring cause of sale and a different amount of commission is payable if the sale results from the efforts of the seller or a cooperating broker.

In short, a Variable Rate Commission is when the listing broker agrees to a reduced total commission should they (or one of their agents) also procure the buyer without the assistance of a cooperating broker.

Basically, the seller will pay a different commission if the property is sold by the listing broker. The listing agent must disclose there is a dual or variable rate commission in the MLS.

The REALTOR® Code of Ethics defines a variable-rate commission arrangement as a listing in which one amount of commission is payable if the listing broker's firm is the procuring cause of sale and a different amount of commission is payable if the sale results from the efforts of the seller or a cooperating broker.

A dual or variable rate commission arrangement is one in which the seller or owner agrees to pay a specified commission if the property is sold by the listing broker without assistance and a different commission if the sale results through the efforts of a cooperating broker, or one in which the seller or owner agrees ...

A variable commission rate is one in which one amount of commission is paid if the listing broker or listing broker's team or firm is the procuring cause of the sale and a different amount of commission is paid if the sale results from the efforts of the seller or a cooperating broker.

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