MWV » Topics » Listing Exclusion Clause

This excerpt taken from the MWV 8-K filed Apr 27, 2006.

Listing Exclusion Clause

When you first speak with your Consultant, he or she will discuss the necessity of including the following language in the listing agreement with your agent. The reason for this clause is to allow for cancellation of the listing agreement if you decide to accept the “Appraised Value” offer from the relocation company. This clause is considered “standard operating procedure” among agents who work with Consultants and those who list homes for corporate transferees.

The following Exclusion Clause should be signed by you and your real estate agent and attached as an addendum to the Listing Agreement.

“In the event of any conflict or inconsistency between this Addendum and the Listing Agreement, the terms of this Addendum shall control.

It is understood and agreed that regardless of whether or not an offer is presented by a ready, willing and able buyer:

 

  1. No commission or compensation shall be earned by, or be due and payable to agent until the sale of the property has been consummated between seller and buyer, the deed delivered to the buyer and the purchase price delivered to the seller; and

 

  2. The seller reserves the right to sell the property to the relocation company or to:                      (individually and collectively a “Named Prospective Purchaser”) at any time. Upon the execution by a Named Prospective Purchaser and me (us) of an Agreement of Sale with respect to the property, this listing agreement shall immediately terminate without obligation on my (our) part or on the part of any Named Prospective Purchaser to either pay a commission or to continue this listing.”

 

 

     

 

  
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