Professional Documents
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Brokerage Fee Sharing Agreements - v2
Brokerage Fee Sharing Agreements - v2
Prepared for
[Salame Miled]
Prepared by
[Lentaris George]
[george@greeksummer.villas.]
1. PARTIES
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GreekSummer OE Kritovolidou 13, Chania, Crete, Greece BUSINESS PARTNERSHIP
2. NATURE OF AGREEMENTS
2.1. The Selling Broker shall sell to the Client the different real estate properties
located in Greece ("Real Estate").
2.2. The Listing Broker shall provide information on potential buyers of the Real
Estate that the Selling Broker is selling.
2.3. This Agreement shall commence on the 21th day of January 2023 and shall
continue unless terminated by either Party through a written notice given
fourteen (14) days prior to the termination date specified in the notice.
3.1. In consideration of the nature of this agreement, every sold house by the Selling
Broker to the clients provided by the Listing Broker shall warrant the Listing
Broker:
For Villa Vignola, located in Chania, 3.500.000 euros half of the
commission of the profit made by the Selling Broker from the buyer. If
Listing Broker acts as an individual, not as a business entity, the corporate
tax incurred from Listing Broker’s commission will be deducted from the final
payment. EXAMPLE: if Property is sold for 1.000.000 euros, with the 2%
buyer’s commission, the total buyer’s commission shall be 20.000 euros, with
24% VAT 24% totals 24.800 euros. If the Listing Broker is not a corporate
entity the commission i.e. 20.000 euros, shall be split equally, minus the
corporate taxes incurred by the taxable amount, 22% typically; i.e. the final
payment of Listing Broker’s commission will be his share minus the corporate
tax 10.000-2200 or 7800 euros. If Listing Broker is a corporate entity, then
half of the commission will be given i.e. 10.000 euros.
The aforementioned fee binds the Selling Broker and Listing Broker for the
following properties:
Vignola Villa, located in Chania. Sale price 3.500.000 euros. Commission
1% out of 2% from the buyer.
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GreekSummer OE Kritovolidou 13, Chania, Crete, Greece BUSINESS PARTNERSHIP
3.2. Listing Broker is not entitled to any commission, from the Real Estate’s seller.
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GreekSummer OE Kritovolidou 13, Chania, Crete, Greece BUSINESS PARTNERSHIP
3.3. All transactions shall be paid via bank transfer or checks, or it could be cash
upon agreement.
4.1. The Selling Broker warrants that (1) all the properties being sold have been
physically inspected. (2) the legitimacy of the ownership. The Selling Broker
shall provides to the Listing Broker the necessary information to advertise the
property.
4.2. The Listing Broker warrants that (1) they shall solely provide the Selling Broker
the basic information of the of clients with their consent. (2) All of the basic
information about the clients shall be deemed true and accurate.
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GreekSummer OE Kritovolidou 13, Chania, Crete, Greece BUSINESS PARTNERSHIP
5. GENERAL PROVISIONS
5.1. All of the information provided shall be kept highly confidential by the Parties
involved in the Agreement. The information shall only be disclosed if required by
law.
5.2. Any form of communication in relation n to this Agreement (i.e amendments,
notice, termination) shall be made through writing, and shall hold legal effect
once both Parties have affixed their signatures on the document.
6. APPLICABLE LAW
This Agreement and the interpretation of its terms will be under the laws of and subject to
the exclusive jurisdiction of the Greek law and state courts in Chania, Crete, Greece.
7. SIGNATURE
IN WITNESS WHEREOF, each of the Parties has executed this Commission Sharing
Agreement as of the day and year set forth above.
Signature Signature