Pre-Showing Brokerage Disclosure & Agreement

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Lesson 2 of the Required Disclosures course. After the Duties Owed, the Pre-Showing Brokerage Disclosure and Agreement establishes Scofield Group’s brokerage relationship and compensation with the Buyer — in writing, before any showing.

Section 1 — Brokerage Compensation

• Brokerage fees are not fixed by statute and remain fully negotiable between the parties.
• SG’s compensation from any source shall not exceed the amount expressly agreed to in writing with the Buyer.

Section 2 — Term

• The Agreement remains in effect until either party delivers written notice of their intent to terminate.
• Termination shall not affect any obligations incurred prior to the date of termination.

Section 6 — Compensation

• Buyer agrees to compensate SG (the “Compensation”), due and payable upon successful closing of any transaction procured under this Agreement.
• Broker will, when applicable, request that Compensation be paid by the Seller through the purchase agreement, if so directed by Buyer.
• Compensation is expressed as a Percentage of gross purchase price + Transaction Fee.