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BUYER'S DEFAULT Brokers right to the commission shall be perfected by owners execution of a sales contract to sell the property with any prospect procured by broker. Owner understands and agrees that __________ (His/Her) execution of such contract to be conclusive evidence that broker has performed __________ (His/Her) obligation. The brokers commission shall be payable out of _______ percent of any deposit or earnest money received from such purchaser.
_________________________ Signature
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