Commercial Buyer / Tenant Representation AgreementStep 1 of 11 - To/From9%HiddenCommercial Buyer/Tenant Representation AgreementREQUEST FROM (Your details)Name:* First Last Email:* License Number:*DUE BY:Date* MM slash DD slash YYYY Time* Hours : Minutes AMPM AM/PM1. PartiesBuyer One Name:* First Last Phone:*Email:* Buyer Two Name: First Last Phone:Email: Address* Street Address City State AlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces Pacific ZIP Code 3. DefinitionsC. Market Area:*“Market area” means that area in the State of Texas within the perimeter boundaries of the following areas: Collin County Dallas County Denton County Rockwall County Tarrant County OtherOther counties:D. Number of properties the client intends to acquire:*4. TermStart and End Date. Adjust the term based on the level of trust the client has in you. Low trust, shorter term, high trust, longer term. Typical term is 6 months.Start Date:* MM slash DD slash YYYY End Date:* MM slash DD slash YYYY 8. IntermediaryIntermediary Statues:*You can only give your opinion when Intermediary Status is selected. In all other situations, you can only state facts. A. Intermediary Status B. No Intermediary Status11. Broker's FeesA. Broker's fees under this agreement are as follows: (Check all that apply.)* (1) Commission (2) Hourly Fees (3) Advance Fee (4) Client's Purchase of Property Leased by Client (5) Renewals, Extensions, or Expansions of Property Leased by Client (6) Construction (7) Service Providers (8) Other11. A. (1) Commissionif Client purchases a property: % of the gross sales price otherPercentage*Please enter a number from 0 to 100.Other*if Client leases a property:% of all base rents to be paid over the term of the leasePlease enter a number from 0 to 100.And the same percentage of the following items to be paid over the term of the lease: expense reimbursements based on initial amounts; OtherOther:*a) Source of Commission Payment (1) Broker will seek to obtain payment of the commission specified in Paragraph 11A(1) first from the seller, landlord, or their agents. If such persons refuse or fail to pay Broker the amount specified, Client will pay Broker the amount specified less any amounts Broker receives from such persons. (2) Client will pay Broker the commission specified in Paragraph 11A(1).11. A. (2) Hourly FeesClient will pay Broker fees at the rate of the following dollar amount per hour.*11. A. (3) Advance FeeBefore this agreement begins, Client will pay Broker an advance fee of:*11. A. (4) Client's Purchase of Property Leased by ClientClient assures Broker that the seller or Client will pay Broker, at the time the sale closes, a fee of:* (i) % of the sales price (ii) other(i) Percentage*Please enter a number from 0 to 100.(ii) Other*11. A. (5) Renewals, Extensions, or Expansions of Property Leased by ClientClient assures Broker that the landlord or Client will pay Broker, at the time the renewal, extension, or expansion becomes effective, a fee of:*(Select all that apply) (i) % of all base rents to be paid over the term of the renewal or extension (ii) % of all base rents to be paid over the term of the expansion (iii) Other(i) and the same percentage of the following items to be paid over the same term:*(Select All That Apply) expense reimbursements based on initial amounts otherOther*(ii) and the same percentage of the following items to be paid over the same term:*(Select All That Apply) expense reimbursements based on initial amounts otherOther*(iii) Other*11. A. (6) ConstructionIf Client uses Broker's services to procure or negotiate the construction of improvements to property that Client owns or may acquire, Client will pay Broker at the time the construction is substantially complete a fee equal to:*3% of gross construction costs. 11. A. (8) OtherOther*Buyer to pay the Transaction Coordination Deposit Fee of $200 if cancelled within the contract period, or if no property is purchased by the time the contract period expires.B. Protection Period:*"Protection Period" means that time starting the day after this agreement ends and continuing for:C. Excluded PropertiesUnder a prior representation agreement Client is obligated to pay another Texas licensed broker a fee if Client acquires, before: MM slash DD slash YYYY C. Excluded Properties Continued*any of the following properties in the market area:Client will pay Broker, upon closing, a fee equal to the following percentage of the sales price:Please enter a number from 0 to 100.and the following percentage of all rents to be paid for the term of the lease:Please enter a number from 0 to 100.D. County*Amounts payable to Broker are to be paid in cash in (insert county name below), Texas.16. Addenda and Other DocumentsCheck all that apply:*Required addenda: - Information About Brokerage Services A. Information About Brokerage Services (TXR-2501) B.(Add) C.(Add) D.(Add)B.*C.*D.*17. Special ProvisionsCheck with the Team Leader or Broker before inserting anything here:Typically left blankSpecial Instructions, if anyEnter special instructions to your Transaction Coordinator:{all_fields}CommentsThis field is for validation purposes and should be left unchanged.
