This Agreement (the “Agreement”), is entered into upon new
contract submission by and between: RT Transaction Co, LLC,
(hereby known as "RTTransactionCo"), and Agent (hereby known as
the "AGENT"); WHEREAS, the AGENT desires to hire the
services of RT Transaction Co, LLC, to render services to
Transaction Coordination; NOW, THEREFORE, for and in
consideration of the mutual covenants made by the parties here
to, the Parties to this agreement agree as follows:
The Services
RTTransactionCo agrees that it shall exercise reasonable effort
and due diligence to render services to the AGENT on matters
pertaining to Transaction Coordination (the “Services”).
RTTransactionCo will act ONLY as the Transaction Coordinator on
all hired transactions. RTTransactionCo is NOT the acting real
estate licensee with regards to the property transactions and
THEREFORE is not responsible as such. The AGENT will complete
all other aspects of the transactions and work with all parties to
ensure cooperation with the RTTransactionCo Transaction
Coordinator assigned to these transactions.
Compensation and Payment
Unless otherwise agreed upon by written agreement, the AGENT
shall provide payment to RTTransactionCo for Services as
outlined:
Cash Transactions: $375.00
Financed / Lender Transactions: $375.00
REO / Short Sale Transaction: $375.00
Dual Closing: - Additional $100.00
Listing Input: $100.00
Compensation and payments regarding release and cancellations
Should the transaction release and cancel you will not be charged
a fee.
Term
This Agreement shall commence upon assignment of each
transaction, unless otherwise terminated by RTTransaction Co
or the AGENT or by mutual agreement of the parties herein.
Payment for transaction services will be due upon contract closing.
Payment for Listing Input will be due at time of service.
Termination
In the event that the AGENT desires to terminate the Services
of RTTransactionCo hereunder, the AGENT shall submit a letter
to RTTransactionCo in not less than 7 (seven) days prior to the
desired date of termination. All monies receivable by
RTTransaction Co shall be due and demandable. Termination
ofServices to pending transaction(s) by the AGENT will be
charged a $150 cancellation fee on each transaction. In the event
that a law or regulation is passed, the operation or implementation
of which would result in the non-execution of the obligation of any
of the parties to this Contract, shall automatically result to
expiration and be deemed terminated upon the date of its
occurrence
Confidentiality
RTTransactionCo agrees to refrain from disclosing to any third
party any details regarding the AGENT's business, including any
information regarding any of the AGENT's customers and
businesses. RTTransactionCo shall not disclose, transmit, or
convey, wholly or partially, the confidential information to any
third party without the written consent of the other party. The
foregoing notwithstanding, in the event that the recipient of the
confidential information is legally compelled or required by any
governmental body, court, or competent authority to disclose any
such confidential information, if shall promptly notify the other
party so that the latter may be able to seek a protective order or
avail itself of other appropriate remedies and/or waive compliance
with the provisions hereof. The provisions of this section shall
survive the termination of this Contract for whatever reason.
Indemnification
The AGENT is ultimately responsible for acquiring the appropriate
signatures of all parties involved in the transactions and returning
documentation to RTTransactionCo.The AGENT agrees that they
will abide by any and all state and federal laws as applicable to
these types of transactions and that they are duly licensed by the
appropriate entities. The AGENT hereby agrees to release
RTTransactionCo from any and all liabilities that may arise by
virtue of these real estate transactions and the AGENT further
agrees to indemnify, defend and hold RTTransactionCo harmless
from all claims, disputes, litigation, judgments, and attorney fees
that may arise in connection with these transactions and also from
any incorrect information supplied by third parties to
RTTransactionCo, or from any material facts that third parties
know but fail to disclose to RTTransactionCo.
Agreement modification
The AGENT agrees that they will abide by any and all state and
federal laws as applicable to these types of transactions and that
they are duly licensed by the appropriate entities. The AGENT
hereby agrees to release RTTransactionCo from any and all
liabilities that may arise by virtue of these real estate
transactions and the AGENT further agrees to indemnify, defend
and hold RTTransactionCo harmless from all claims, disputes,
litigation, judgments, and attorney fees that may arise in
connection with these transactions and also from any incorrect
information supplied by third parties to RTTransactionCo, or from
any material facts that third parties know but fail to disclose to
RTTransactionCo.
