NON-EXCLUSIVE LISTING CONTRACT V-01
Between the undersigned, ALIRA GISSEL CERCEÑO OROCU, female, Panamanian, with personal identity card number FOUR - SEVEN HUNDRED EIGHTEEN - ONE HUNDRED SIXTY-EIGHT (4-718-168), Real Estate Agent with License No. 1280, acting as Legal Representative of PANAMIZE REALTY, INC., a corporation registered in Page No. 155699233 in the Mercantile Section of the Public Registry of Panama, who hereinafter shall be called THE BROKER and , with passport / ID number , who hereinafter shall be called THE SELLER, and together shall be called THE PARTIES, agree to sign this contract in accordance with the following clauses:
The SELLER declares that he is the owner of the said property , and is therefore fully entitled to sign the following Non-Exclusive Listing Contract for the sale of the property.
FIRST (DURATION OF AGREEMENT): This Agreement comes into effect as of the Date , and it will have a duration of 12 months from the date of signing. It is renewed automatically for the same term, unless one of the parties notifies the other in writing (via written notice, or email) of their intention to terminate the agreement.
SECOND (PRICE OF THE PROPERTY): The listing price of the property is $ USD. This listing price may be changed at any time by THE SELLER. If such change of price is made in any written advertisement by any means, THE SELLER must notify THE BROKER in writing within five (5) days of the price change.
THIRD (SELECTION OF LAWYERS): Each Party (Sellers and Prospective Buyers / Clients) has the right to select their own Attorneys as Legal Representatives. Each party has the right to submit any purchase offer to their respective attorneys before signature or payment of any funds.
FOURTH (REAL ESTATE AGENT'S COMMISSION): The amount of the commission to be paid to THE BROKER once the property is sold through the efforts of THE BROKER as stated below, is six percent (6%) of the final sales price of the property. If a part of the purchase price is paid by non-monetary means, the value of this exchange asset is also applied to the purchase price. The sales tax (ITBMS) of the commission amount is included. A transaction is considered to be successful once a Promissory Contract of Purchase & Sale has been signed with the Buyer referred by BROKER.
FIFTH (PAYMENT OF COMMISSION): The payment of the Commission to THE BROKER will be as follows:
SIXTH (COMMISSION PAYMENT CONDITIONS): THE PARTIES acknowledge that this is a non-exclusive listing agreement. Therefore, the Commission is due to THE BROKER under the following circumstances:
SEVENTH (NON-REFUNDABLE PAYMENT): Commission payments received are not refundable if the sale does not conclude for reasons not related to BROKER.
EIGHTH (PROPERTY DATA): THE SELLER must provide THE BROKER with the following:
NINTH: THE BROKER AND THE SELLER agree that any modification to this contract must be in writing and signed by both parties.
TENTH: THE PARTIES declare that they accept the terms and conditions of this Non-Exclusive Listing Contract.
In witness whereof this contract is hereby signed in two (2) copies at , on the .
ALIRA GISSEL CERCEÑO OROCU 4-718-168 Legal Representative of Panamize Realty, Inc.THE BROKER
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Signed by ALIRA GISSEL CERCEÑO OROCU
Signed On: March 7, 2021
Document Name: NON-EXCLUSIVE LISTING CONTRACT V-01
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