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A brokerage agreement is a type of contract wherein one party agrees to act as a sales agent of another, who is called the principal.
Each commission agreement should include the following info:Names of both signing parties.The legal relationship between the parties.Employment date.Non-compete clause.Commission structure.Potential base salary.Non-disclosure clause.
Real estate brokers are not parties to the agreement between buyer and seller; this section documents the contact information for the real estate brokers assisting the buyer and seller as well as cooperating broker compensation information.
A brokerage agreement is a type of contract wherein one party agrees to act as a sales agent of another, who is called the principal.
Broker-Dealer Agreement means an agreement between the Auction Agent and a Broker-Dealer, pursuant to which such Broker-Dealer agrees to follow the Auction Procedures.