property manager exclusive right to sell?

[jetjaguar]

What is the name of your state (only U.S. law)? California

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

PeterWhat is the name of your state (only U.S. law)?

[HomeGuru]

Originally Posted by jetjaguar

What is the name of your state (only U.S. law)? California

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

PeterWhat is the name of your state (only U.S. law)?

**A: yes, that's what it states.