Restricted Customer Service Agreement for Commercial Properties

From time to time, an Owner or Landlord doesn’t want to place their property on MLS. They want to deal with one particular person at a particular Brokerage and will work with them and their actual “connections”.

Here’s the type of provisions that you might include in such a document:

“This agreement is applicable in addition to any other agreement with the Brokerage unless superseded, amended or replaced and the commission payable hereunder is in addition to the commission which may be payable under any other agreement.

Unless otherwise agreed in writing the representative of the Brokerage for the purposes of this agreement shall be Joseph Smith.

Joseph Smith shall on behalf of the Brokerage and the Sellers, market the property to other registrants employed by the Brokerage and certain selected registrants employed by other Brokerages.

In consideration of those services the Sellers agree to ensure that this commission agreement shall continue to apply.

The commission payable under this agreement shall be paid should the Sellers enter into any agreement of purchase and sale as specified hereunder with a buyer who is introduced through a registrant employed by the Brokerage or any other Brokerage provided that the Sellers have been given notice of each such registrant.

For the purposes of this agreement, notice is hereby given to the Sellers that all registrants currently shown upon the RECO website, and all registrants who may subsequently be shown on the RECO website as employees of the Brokerage shall be covered under the notice provisions of this agreement and further throughout the duration of this agreement.

Any registrant shown as indicated above as a registrant employed by the Brokerage shall be included here for a period of 180 days following the termination of their employment with the Brokerage.

Specific notice shall be given to the Sellers of the names of registrants employed by other brokerages as soon as possible after an introduction has been made.”

The above provisions are not exhaustive but capture some of the issues that might arise.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

Restricted Customer Service Agreement for Commercial Properties

From time to time, an Owner or Landlord doesn’t want to place their property on MLS. They want to deal with one particular person at a particular Brokerage and will work with them and their actual “connections”.

Here’s the type of provisions that you might include in such a document:

“This agreement is applicable in addition to any other agreement with the Brokerage unless superseded, amended or replaced and the commission payable hereunder is in addition to the commission which may be payable under any other agreement.

Unless otherwise agreed in writing the representative of the Brokerage for the purposes of this agreement shall be Joseph Smith.

Joseph Smith shall on behalf of the Brokerage and the Sellers, market the property to other registrants employed by the Brokerage and certain selected registrants employed by other Brokerages.

In consideration of those services the Sellers agree to ensure that this commission agreement shall continue to apply.

The commission payable under this agreement shall be paid should the Sellers enter into any agreement of purchase and sale as specified hereunder with a buyer who is introduced through a registrant employed by the Brokerage or any other Brokerage provided that the Sellers have been given notice of each such registrant.

For the purposes of this agreement, notice is hereby given to the Sellers that all registrants currently shown upon the RECO website, and all registrants who may subsequently be shown on the RECO website as employees of the Brokerage shall be covered under the notice provisions of this agreement and further throughout the duration of this agreement.

Any registrant shown as indicated above as a registrant employed by the Brokerage shall be included here for a period of 180 days following the termination of their employment with the Brokerage.

Specific notice shall be given to the Sellers of the names of registrants employed by other brokerages as soon as possible after an introduction has been made.”

The above provisions are not exhaustive but capture some of the issues that might arise.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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