Hello all,
I'm doing research for a potential idea to implement in Chile. I'd figure first it will be invented in USA or Europe. Does the following concept exist and if so, if anyone knows a company that can do this?
So in Chile, the seller also pays a broker fee, usually 2%.
Let's say I wanted to establish a contract with Seller A that if I find this person a seller, she will pay me a 2% fee.
I can make a contract with this person, a pretty normal one with exclusivity. This means that if this person sells within x time, I get the fee regardless if the buyer was mine or not. Side question, is this pretty common in the industry?
However, what if I didn't want exclusivity- More or less it would be under the following conditions.
1. I make a contract with Seller A that if I find a buyer, I get the 2%.
2. However, seller A is free to promote the property herself. If she sells on her own behalf, I don't charge the 2%.
3. If I sell the property, then she pays me the 2%.
Doubt number 1: How can I prove that the seller was indeed founded by me? I assume one way is for me to put in the original contract that if any of the following sellers buy the property, for example; Development company A, Development Company B, Development Company C, then I get the 2%. If it's none of these, then I don't.
This brings me to Doubt number 2 and the main point of this post.
Is there any way I can make a dynamic digital contract where I can add or remove potential buyers? For example, let's say that when we sign the contract with Seller A I only know Development Company A and Development Company B.
But as time passes, I want to add Development Company D and Development Company E to potential buyers which would trigger the 2%.
Is this possible without having to redo all the paperwork? if so, would it be a digital contract?
Thank you all and apologies for not making it short. Probably using incorrect terms as well. I'm learning
Cheers all
I'm doing research for a potential idea to implement in Chile. I'd figure first it will be invented in USA or Europe. Does the following concept exist and if so, if anyone knows a company that can do this?
So in Chile, the seller also pays a broker fee, usually 2%.
Let's say I wanted to establish a contract with Seller A that if I find this person a seller, she will pay me a 2% fee.
I can make a contract with this person, a pretty normal one with exclusivity. This means that if this person sells within x time, I get the fee regardless if the buyer was mine or not. Side question, is this pretty common in the industry?
However, what if I didn't want exclusivity- More or less it would be under the following conditions.
1. I make a contract with Seller A that if I find a buyer, I get the 2%.
2. However, seller A is free to promote the property herself. If she sells on her own behalf, I don't charge the 2%.
3. If I sell the property, then she pays me the 2%.
Doubt number 1: How can I prove that the seller was indeed founded by me? I assume one way is for me to put in the original contract that if any of the following sellers buy the property, for example; Development company A, Development Company B, Development Company C, then I get the 2%. If it's none of these, then I don't.
This brings me to Doubt number 2 and the main point of this post.
Is there any way I can make a dynamic digital contract where I can add or remove potential buyers? For example, let's say that when we sign the contract with Seller A I only know Development Company A and Development Company B.
But as time passes, I want to add Development Company D and Development Company E to potential buyers which would trigger the 2%.
Is this possible without having to redo all the paperwork? if so, would it be a digital contract?
Thank you all and apologies for not making it short. Probably using incorrect terms as well. I'm learning
Cheers all
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