Transaction Coordination Agreement

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THIS AGREEMENT (the “Agreement”), is entered into upon new contract submission by and between:

Tampa Bay Transaction Coordinator, LLC, (hereby known as "TBTC"), and Agent (hereby known as the "AGENT");

WHEREAS, the AGENT desires to hire the services of Tampa Bay Transaction Coordinator, LLC to render services to Transaction Coordination;

NOW, THEREFORE, for and in consideration of the mutual covenants made by the parties hereto, the Parties to this agreement agree as follows: 

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The Services

TBTC agrees that it shall exercise reasonable effort and due diligence to render services to the AGENT on matters pertaining to Transaction Coordination (the “Services”).

TBTC will act ONLY as the Transaction Coordinator on all hired transactions. TBTC is NOT the acting real estate licensee with regards to the property transactions and THEREFORE is not responsible as such.

The AGENT will complete all other aspects of the transactions and work with all parties to ensure cooperation with the TBTC Transaction Coordinator assigned to these transactions.

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Compensation and Payment

Unless otherwise agreed upon by written agreement, the AGENT shall provide payment to TBTC for Services as outlined:

One side of the Transaction $350

Double Side (Representing both Buyer and Seller) $440

Listing Coordination: $125

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Late payments shall be subject to late fees.

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Compensation and Payment regarding Release and Cancellations

We take our wins together and we take our losses together. Should the transaction release and cancel at any point during the contract period TBTC will NOT charge a Transaction service fee. However, should the AGENT enter into a new contract with the same client within 60 days of the cancellation, these terms shall apply to the new transaction in their entirety and TBTC shall render Services on and be compensated for the new transaction.

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Term

This Agreement shall commence upon assignment of each transaction, unless otherwise terminated by TBTC or the AGENT or by mutual agreement of the parties herein. Payment for transaction services will be due upon contract closing. Payment for Listing Coordination will be due at time of service.

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Termination

In the event that the AGENT desires to terminate the Services of TBTC hereunder, the AGENT shall submit a letter to TBTC in not less than 7 (seven) days prior to the desired date of termination. All monies receivable by TBTC shall be due and demandable. Termination of Services to pending transaction(s) by the AGENT will be charged a $150 cancellation fee on each transaction.

In the event that a law or regulation is passed, the operation or implementation of which would result in the non-execution of the obligation of any of the parties to this Contract, shall automatically result to expiration and be deemed terminated upon the date of its occurrence.

Confidentiality

TBTC agrees to refrain from disclosing to any third party any details regarding the AGENT's business, including any information regarding any of the AGENT's customers and businesses.

TBTC shall not disclose, transmit, or convey, wholly or partially, the confidential information to any third party without the written consent of the other party.

The foregoing notwithstanding, in the event that the recipient of the confidential information is legally compelled or required by any governmental body, court, or competent authority to disclose any such confidential information, if shall promptly notify the other party so that the latter may be able to seek a protective order or avail itself of other appropriate remedies and/or waive compliance with the provisions hereof. The provisions of this section shall survive the termination of this Contract for whatever reason.

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Indemnification

The AGENT is ultimately responsible for acquiring the appropriate signatures of all parties involved in the transactions and returning documentation to TBTC.

The AGENT agrees that they will abide by any and all state and federal laws as applicable to these types of transactions and that they are duly licensed by the appropriate entities.

The AGENT hereby agrees to release TBTC from any and all liabilities that may arise by virtue of these real estate transactions and the AGENT further agrees to indemnify, defend and hold TBTC harmless from all claims, disputes, litigation, judgments, and attorney fees that may arise in connection with these transactions and also from any incorrect information supplied by third parties to TBTC, or from any material facts that third parties know but fail to disclose to TBTC.

Agreement Modification

No modification or alteration on this Contract shall be considered as having been made unless done with consent by the Parties and fully executed in writing and duly signed by the Parties hereto.

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Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, to the exclusion of the other federal and state courts.