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- AGREEMENT
FOR BROKERAGE
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THIS AGREEMENT made and
executed at [Place] this [Date], by and between
Shri___son of___, Indian Inhabitant, residing at
[address](hereinafter referred to as the
"OWNER", which expression shall, unless it
be repugnant to the context or meaning thereof,
be deemed to mean and include its successors and
assigns) of the ONE PART AND
Shri___son of___, Indian Inhabitant, residing
at___(hereinafter referred to as the "REAL
ESTATE BROKER", which expression shall, unless it
be repugnant to the context or meaning thereof,
be deemed to mean and include its successors and
assigns) of the OTHER PART.
WHEREAS the Owner is the
sole and lawful owner, lessee, allottee and in
possession of flat / Property No.and the flat /
Property consists of (Give the details of
accommodation).
AND WHEREAS the aforesaid
flat / property is self-acquired property / flat
of the first party wherein his / her
predecessors, heirs, successors, family members
or any other person whosoever have no right,
title or interest and as such the Owner is fully
competent and has full and unfettered power to
transfer / sell / lease / mortgage the said
property / flat.
AND WHEREAS the Owner has agreed to register/
lists the said property more particularly
described in the schedule hereinunder, with the
Real Estate Broker for a period of _____days,
from date hereof.
NOW THIS AGREEMENT
WITNESSETH AS UNDER :
- 1. Owner
lists the scheduled property with the
Real Estate Broker for a period of
_____days, from date of this agreement.
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- 2. The Owner
agrees to pay the Real Estate Broker a
commission of _____% of the sale price
should the Broker find a purchaser ready,
willing, and able to pay at least
Rs___________ for the property or such
other sum as may be accepted by Owner.
Said commissions are payable upon
closing.
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- 3. The Owner
retains the right to sell the property
directly on his or her own behalf with no
sales commission to the Real Estate
Broker, so long as the Broker did not
find this purchaser. The Owner further
has the right to list the property with
other brokers. If a sale is made within
months after this agreement terminates to
parties found by the Real Estate Broker
during the term of this agreement, and
wherein the buyer has been disclosed to
the Owner, the Owner shall pay the
commission specified above.
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- 4. If a
deposit of money is forfeited by a
purchaser produced by the Real Estate
Broker, one half shall be retained by the
Real Estate Broker, providing that this
amount does not exceed the commission,
and one half shall be paid to the Owner.
IN WITNESS WHEREOF both the
parties have subscribed their respective hands on
these presence on the place, date, month and year
first above mentioned in the presence of the
following witnesses :
- SIGNED,
SEALED AND DELIVERED
- by the within
named Mr.__, the OWNER
- in the
presence of Mr.[name] and
- Mr.[name]
- SIGNED, SEALED AND DELIVERED
- by the withinnamed Mr.___,
the REAL
- ESTATE BROKER in the
presence of
- Mr.[name] and Mr.[name]
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