no buy, no pay clause

0.02 sec.

A clause in a real estate listing contract that excuses the seller from paying a real estate commission if the broker produces a buyer who is ready, willing, and able to purchase the listed property for the asking price,but the seller changes his or her mind and refuses to sell at all,or refuses to sell to that particular buyer.Without such an unusual clause,the broker has earned the commission when he or she produced such a buyer,and the owner will have to pay even though the owner declines to sell the property.

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no deal, no commission clause

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NLG
NM
NMS
NO
No Adjournment
no bid
No Book
no buy, no pay clause
no deal, no commission clause
no further action letter
no par
No Protest
No Quote
No Substitution
No-Action Letter

Financial Dictionary

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