I have a property management agreement which contains this clause:
(f) Disposition and Brokerage Fees. Manager shall be entitled to a brokerage.
commissions in the amount of not less than six percent (6%) of gross sales proceeds in connection with the disposition of the Property or any portion thereof
Does this mean if someone approaches me directly, and the realtor/mgmt company does nothing at all to bring us together and the buyer and seller agree to just use an escrow company, can the realtor/mgmt company rightfully claim 6%?
thanks in advance