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WYN » Topics » Commercial Real Estate Brokerage Agreement

This excerpt taken from the WYN 8-K filed Jul 19, 2006.

Commercial Real Estate Brokerage Agreement

We have agreed to continue to utilize Realogy’s commercial real estate brokerage network to provide certain real estate related services, such as transaction management, acquisition and disposition services, broker price opinions, renewal due diligence and portfolio review. The agreement extends for an initial term of three years unless terminated earlier in accordance with the terms of the agreement. We do not directly compensate Realogy for these commercial real estate brokerage transactions which utilize their franchisees; however, Realogy does receive revenue in the form of royalty payments made by their commercial real estate brokerage franchisees on such transactions. In certain circumstances, Realogy-owned brokerage operations may provide the ultimate service.

 

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