Disclaimer
The document provided is intended solely as a general example related to referral fee agreements in real estate transactions. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please note: This is a sample Sales Commission Letter template for the United States, provided for general informational purposes only. Actual terms may differ based on specific agreements and legal considerations.
Sales Commission Letter Sample (US)
Parties:
Seller: ABC Corporation
Address: 123 Business Rd., New York, NY 10001
Sales Agent: John Doe Real Estate
Address: 456 Elm Street, New York, NY 10002
Property Description:
The property involved in this transaction is located at 789 Maple Avenue, New York, NY 10003, or such other property as specified in the agreement.
Commission Terms:
The sales agent shall be entitled to a commission of 3% of the total sale price, payable upon the closing of the sale, as detailed herein.
Agent Responsibilities:
The agent agrees to perform all necessary activities including marketing, showing the property, and facilitating negotiations in compliance with applicable laws and ethical standards.
Governing Law:
This letter shall be governed by the laws of the State of New York. Any disputes arising shall be resolved within the jurisdiction of New York courts.
Additional Terms:
- The seller agrees to cooperate fully with the agent during the sale process.
- This agreement may only be modified by written agreement signed by both parties.
- Commission payments are contingent upon the successful closing of the transaction.
New York, ______________________
John Doe (Sales Agent)
Jane Smith (Seller)