Private Exchange is not a real estate broker nor agent
We represent neither the buyer nor the seller. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The Private Exchange has agreements with progressive Brokerages that can access the MLS® system databases maintained by certain real estate boards and are members of the Canadian Real Estate Association (CREA). The Private Exchange is not a member of or affiliated with CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Offers and packages are subject to change at any time without notice.
Commission
In consideration of the Listing Brokerage listing the Property, the Seller agrees to pay the Listing Brokerage a commission of 2% of the sale price of the Property for any valid offer to purchase the Property from any source whatsoever obtained during the Listing Period and on the terms and conditions set out in this Agreement OR such other terms and conditions as the Seller may accept. The Seller authorizes the Listing Brokerage to co-operate with any other registered real estate brokerage (co-operating brokerage) and to offer to pay the co-operating brokerage a commission of 2% of the sale price of the Property out of the commission the Seller pays the Listing Brokerage. The Seller further agrees to pay such commission as calculated above if an agreement to purchase is agreed to or accepted by the Seller or anyone on the Seller’s behalf within 90 days after the expiration of the Listing Period (Holdover Period), so long as such agreement is with anyone who was introduced to the Property from any source whatsoever during the Listing Period or shown the Property during the Listing Period.
If, however, the offer for the purchase of the Property is pursuant to a new agreement in writing to pay commission to another registered real estate brokerage, the Seller’s liability for commission shall be reduced by the amount paid by the Seller under the new agreement. The Seller further agrees to pay such commission as calculated above even if the transaction contemplated by an agreement to purchase agreed to or accepted by the Seller or anyone on the Seller’s behalf is not completed, if such non-completion is owing or attributable to the Seller’s default or neglect, said commission to be payable on the date set for completion of the purchase of the Property. Any deposit in respect of any agreement where the transaction has been completed shall first be applied to reduce the commission payable.
Should such amounts paid to the Listing Brokerage from the deposit or by the Seller’s solicitor not be sufficient, the Seller shall be liable to pay to the Listing Brokerage on demand, any deficiency in commission and taxes owing on such commission. All amounts set out as commission are to be paid plus applicable taxes on such commission.
Legal Responsibilities
Any reliance or action taken on the information, materials and techniques on this website or in the printed publication, is the responsibility of the user. Readers are advised to evaluate the information, and materials cautiously for themselves and to consult a lawyer or notary public prior to signing any documents.
Neither The Private Exchange or privateexchange.com assume any responsibility for any consequences arising from the reader’s use of the information, materials and techniques described. Photographs on this web site and in the printed publication are for illustration purposes only and may not necessarily represent exact current conditions.
Documents, including any resources recommended, are provided for general informational purposes only. Any reliance on, or action taken on such information is at the sole risk of the user. The accuracy of advertising copy & details should be verified with the advertisers & vendors.
All of the advertising material contained within this URL (http://www.privateexchange.com & .ca) including photos and home descriptions are protected by copyright laws and are the property of The Private Exchange Inc. Use of this material without consent is prohibited.
The Private Exchange and it’s affiliates never create agency with or act as agents for advertisers. All trades and negotiations take place directly between sellers and buyers.
The Private Exchange’s liability is limited to the amount paid for that portion of the advertisement in which the error occurs and in any event liability shall never exceed the price paid for the advertisement in which the error occurs.
