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No Deal No Commission Clause

Definition of "No deal, no commission clause"

Gliford  Jean-Call Jean First
  Keller Williams Real Estate

A clause that may be inserted in a listing agreement stating no commission will be paid to the broker until the property title has actually been transferred. Normally, willing and able buyer has been found who agrees to the terms of the sale. This protects the seller from being liable for a commission in the event a sale does not actually occur.

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