Retainer Fees - Retainer fees are not to be collected in short
sales. Unless otherwise stipulated, retainer fees are non-refundable except
when the Buyer purchases a property & you earn a commission - then the
retainer fee gets refunded to the Buyer at the closing. Maximum One will hold
all retainer fees in our Trust account until:
- The Buyer
closes on a transaction in which the agent receives a commission -
retainer fee gets refunded to Buyer
- The Buyer
Agency Agreement terminates or expires - we will disburse to the agent.
- Other
Arrangements are agreed upon in writing.
