Terms and Conditions / Transaction Coordinator Agreement

THIS AGREEMENT (the “Agreement”), is entered into upon new contract submission by and between: Coordinating Closings LLC, (hereby known as "CCRETM"), and Agent (hereby known as the "AGENT"); WHEREAS, the AGENT desires to hire the services of Coordinating Closings 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: 

The Services

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

CCRETM will act ONLY as the Transaction Coordinator on all hired transactions. CCRETM 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 CCRETM Transaction Coordinator assigned to these transactions.

​Compensation and Payment

Unless otherwise agreed upon by written agreement, the AGENT shall provide payment to CCRETM for Services as outlined in the Coordinating Closings packages provided by CCRETM. ​Late payments are subject to late fees, beginning 7 days after completion of transaction / time of service. And every 7 days thereafter, fees will incur. 

Compensation and Payment regarding Release and Cancellations
Should the transaction release and cancel at any point the agent will NOT be charged any fees. 

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Term

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

Confidentiality

CCRETM 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. CCRETM 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.

Indemnification

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 CCRETM 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 CCRETM 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 CCRETM, or from any material facts that third parties know but fail to disclose to CCRETM.

Agreement Modification

No modification or alteration on this agreement 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 Rhode Island, to the exclusion of the other federal and state courts.