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Waterfront features and specifications

 
 
Waterfront's Referral Incentive

    1. This Registration form must be completed in its entirety, executed and dated by the Referring Agent or Brokerage.

    2. In addition to registering the Prospect/Client the Referring Agent must introduce the Prospect/Client and contribute to the sales process with respect to the Purchaser as determined by Developer or its representative.

    3. All Purchase and Sale Agreements must be in writing, on mutually executed forms approved by Developer in its sole and absolute discretion.

    4. Notwithstanding any provision hereof to the contrary, for all purposes set forth herein, a “Firm Closed Sale” with respect to any particular Unit shall only be if: (i) a receipt for the Unit offering prospectus and governing documents has been fully executed by the buyer and returned to Developer,(ii) a firm and binding purchase agreement (on Developer’s form) has been fully and properly executed by the buyer and Developer and delivered to escrow, (iii) all monies required under the applicable purchase agreement have been paid by the buyer and received by Developer and have cleared; and (iv) all conditions precedent to the buyer’s obligation and to the Developer’s obligation to close have been satisfied in full or waived.

    5. All Purchase Agreements must be entered into during the Term set forth in this Registration Form and must be accompanied by a copy of a fully-executed Registration Form.

    6. This Registration Form shall be valid for a period of ninety (90) days from the date set forth above, after which this Registration shall automatically be null and void unless registered prospect becomes a Purchaser.

    7. Referring Agents are responsible for re-registering any Prospect/Client after the expiration of the initial ninety (90) days to be eligible for a commission.

    8. In the event of multiple registrations of the same Prospect/Client by different Referring Agents, the prospect/client will be asked to communicate their preference in writing to Developer. This communication will be shared with the referring agents in conflict. In no event shall Developer be obligated to pay more than one (1) Cooperating Brokerage commission.

    9. The Brokerage commission is paid to the Brokerage upon satisfactory completion of settlement pursuant to the terms of the Purchase Agreement and all of the conditions listed herein.

    10. If the sale of the unit fails to close for any reason or no reason whatsoever Developer will not be obligated to pay any commission.

    11. It is the responsibility of the Referring Agent to maintain a copy of this Registration Form.

 
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