Co-Brokerage Agreement (Oxford as Listing Broker)
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This AGREEMENT, made on February 25, 2020 between OXFORD PROPERTY GROUP LLC (“Listing Broker”) whose address is 5 West 37th Street, 12th Floor, New York, NY 10018 ) and (“Cooperating Broker”) whose address is .
This agreement pertains to the sale/lease of property located at .
Whereas, both parties acknowledge that the Listing Broker represents the Seller or Landlord for the property listed above.
Unless otherwise agreed by both parties, Listing Broker agrees to pay Cooperating Broker a brokerage Commission Split equivalent to of the total purchase price, providing the sale/lease transaction of the Listed Property closes as contemplated with the Cooperating Broker’s client identified as (“Buyer”), whom Cooperating Broker is representing.
No modification of any of the terms of this Agreement shall be valid or binding upon the parties unless modifications are made in writing and signed by both parties.
This Agreement shall commence on the Effective Date listed above terminate at 11:59 p.m. 180 days herefrom. ("Termination Date").
This Agreement may be canceled prior to the Termination Date by a written mutual agreement of either party.
Unless otherwise agreed upon by both parties, any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by binding arbitration under the auspices or rules of the Real Estate Board of New York, and judgment upon the award rendered by the arbitrator(s) may be entered in a court having jurisdiction thereof and both parties agree to be bound by any such decision rendered.
Cooperating Broker further agrees to be bound by the Code of Ethics of the Real Estate Board of New York (REBNY).
This Agreement shall not be binding without signed acceptance of both parties/ Both parties acknowledge as of the Effective Date, they have entered into this Agreement as written. Brokers further acknowledge that their clients have also been provided with a copy of this Agreement.