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Anybody has idea what is "Fee Protection Agreement" and how is it protecting the interest of the intermediary? Is there a way not to be honored by the seller?

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13y ago

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What is Irrevocable Master Fee Protection agreement?

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You typically implement a Master Fee Protection and Pay Order Agreement at the beginning of a financial relationship or contract, especially in real estate or investment transactions. This agreement outlines the fees associated with services and ensures that payment procedures are clearly defined and agreed upon by all parties involved. It’s advisable to finalize this agreement before any services are rendered or payments are made to avoid misunderstandings. Always consult with a legal or financial advisor to ensure compliance and appropriateness for your specific situation.


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Irrevocable Master Fee Protection Agreementwhere you as buyer's or seller's mandatatry, who signs this IMFPA with either the seller or the buyer for claiming your commission.


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How does a buyer or seller mandate make sure that he gets his commission in a deal What ways is he legally secure?

By attaching an IMPFA to the actual sell-buy contract. An IMPFA is an "Irrevocable Master fee protection Agreement'. Seach for these wording on a search engine like Google or Bing, and you will find many templates and examples.


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What is the month-to-month fee on the lease agreement?

The month-to-month fee on the lease agreement is the amount of money that needs to be paid each month to rent the property.


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