Category Name > VI. SALES PROCEDURES
6.18. In the event of default by the Purchaser, any and all
In the event of default by the Purchaser, any and all forfeited earnest monies shall be disbursed 50% to the Seller and 50% to the Agencies involved, provided that said amount paid to the Agencies shall not exceed the total commission. Any amount that does exceed the total commission payable shall be distributed instead to the Seller. The Agencies’ share shall be distributed in accordance with the original commission structure that was published in the MLS BCS online system at the time the parties entered into their purchase and sale agreement. (Penalty Classification “A”)