Aug 312006

In order to utilize the services of the relocation company, at the time the homeowner lists his/her property, this clause is inserted into the listing agreement. It gives the transferee: (1) the right to sell directly to the Relocation Management Company at any time and, in such an event, to cancel the listing agreement with no obligation for commission or continuation of the listing agreement. (2) To assign any written acceptable offer to the Relocation Management Company with payment of commission being the obligation of the Relocation Management Company, the commission being earned upon the successful closing of the home. (3) That a referral fee will be due to the Relocation Management Company upon closing of the home.