Ben Frederick Realty Inc will pay to a cooperating broker one-half of the Brokerage Fee received by the Owner/Seller client at the time such fee or fees are received.  

In order to earn and receive a fee, a closing must occur.  In the case of rental properties, the tenant must sign a lease, pay a deposit and rent, take possession of the property, open for business, and pay rent.

In order to earn a fee, a cooperating broker and/or agent must perform services necessary to facilitate a closing, including coordinating and attending inspections, assisting in the financing process, and helping arrange and coordinate title work and details necessary to close.

If a Broker/Agent does not specialize in multi-unit, apartment, mixed-use, and/or commercial-investment properties and/or does not assist in the process to getting the transaction to close, Ben Frederick Realty Inc. reserves the right to pay a referral fee, which amounts to 10% of the total fee received by Ben Frederick Realty Inc.

Contract Terms:  The following terms must be included in offers to purchase:

LBTHD - the Listing Broker is to hold the Deposit on the transaction.  Deposits to be held in the Escrow Account of Ben Frederick Realty Inc.

CPOESP - commissions payable on effective sales price.  In the event a contract provides for the seller to make a monetary contribution towards "repairs" negotiated prior to a building or home inspection, or towards "closing costs", such negotiated amounts reduce the Sales Price for the purpose of computing the real estate sales commission.  For example, if the Brokerage Fee is 6% of the Sales Price, a property is sold for $500,000, and the Seller is to contribute $50,000 towards buyers Closing Costs and/or repairs, the Brokerage Fee will be 6% of $450,000.

PSTL - Contracts are to provide language which states "Possession is subject to the existing leases" where properties are rented to tenant(s).  (see paragraph 21 of the Maryland Association of Realtors standard purchase agreement).

CPOUFS - Commission Payable Only Upon Final Settlement.  Ben Frederick Realty Inc. does not require that a closing occur in order for a Brokerage Fee to be payable by a Seller.