LPS Representation Agreement — Property Search, Negotiations and Deal Structure
One-time, non-refundable retainer to engage LPS for property search, negotiations, and deal-structure services. You will be asked to confirm payment after signing.
Agreement Summary
The retainer amount is determined from the price range you supply in the popup (the higher number is used). Residential tiers: ≤ $250,000 → $1,500 · $250,001–$450,000 → $2,500 · > $450,000 → $5,000. Commercial = $6,500 (flat).
Residential tiers: $1,500 · $2,500 · $5,000 · Commercial: $6,500 — One-time, non-refundable
LPS Representation Agreement — Key Terms
1. Parties. This LPS Representation Agreement ("Agreement") is between Luxury Property Solutions, LLC (the "Broker") and the consumer identified below (the "Buyer" or "Consumer").
2. Term. This Agreement begins on the Effective Date entered by Buyer and continues for twelve (12) months unless earlier terminated. If Buyer enters into a contract to acquire property that is pending on the Termination Date, this Agreement continues until that transaction closes or terminates.
3. Scope — Property Search, Negotiations & Deal Structure. Broker will perform property search services (including on-market and off-market sourcing), prepare/comprehend comparable and cash-flow analyses, recommend deal structure options, coordinate showings and negotiations, assist with due diligence coordination, introduce and coordinate with third-party service providers (title, escrow, inspectors, lenders, vendors), and assist through closing recording. Services exclude legal, tax, environmental, and accounting advice — Buyer should seek specialists for those matters.
4. Broker's Obligations. Broker will use professional skill to assist Buyer, present all offers and counteroffers in a timely manner, cooperate with owner/owner's licensee when needed, and adhere to Fair Housing laws. Broker does not guarantee results or third-party services referred at Buyer's request.
5. Buyer's Obligations. Buyer agrees to work through Broker for negotiations and showings, disclose if they contact owners/other brokers, provide accurate information (Buyer authorizes Broker to run credit checks where required), be reasonably available, and indemnify Broker from losses caused by Buyer's misinformation.
6. Retainer. Buyer will pay a one-time, non-refundable Retainer according to the pricing tiers in this form. The Retainer is earned and payable upon execution and is in addition to any compensation earned by Broker. The Retainer is not a rental information fee under Florida Statutes.
7. Compensation. Broker's compensation is earned if, during the term (or any renewal/extension), Buyer or anyone acting on Buyer's behalf contracts to acquire property or defaults on a contract. Compensation received by Broker from an owner or owner's broker will reduce any amount owed by Buyer. Commission/fee terms for purchases, leases, options, or other acquisitions will be as agreed in writing.
8. Protection Period. Buyer will compensate Broker if, within thirty (30) days after Termination Date, Buyer contracts to acquire any property presented or called to Buyer's attention by Broker during the term, unless Buyer signs a good-faith exclusive buyer brokerage agreement with another broker after Termination Date.
9. Conditional Termination. Broker may agree to a conditional termination in writing upon payment of a cancellation fee. Broker may void that conditional termination if Buyer later acquires a property that Broker previously presented; Buyer would then owe compensation under paragraph 7 less any cancellation fee paid.
10. Dispute Resolution. This Agreement is governed by Florida law. Parties agree to attempt mediation (e.g., AAA or agreed mediator) before litigation. If arbitration is chosen (by initialing), disputes not resolved by mediation shall be settled by binding arbitration in the county where the property is located under agreed arbitration rules. The prevailing party may be entitled to recover reasonable attorney's fees where permitted by law.
11. Assignment; Persons Bound. Broker may assign this Agreement. It binds and benefits parties' heirs, personal representatives, successors and assigns.
12. Brokerage Relationship. Broker will act as a transaction broker, dealing honestly and fairly, accounting for funds, using skill and diligence, disclosing known material facts affecting residential property value not readily observable, and presenting offers unless directed otherwise in writing. Confidentiality is limited unless waived in writing.
13. Acknowledgment & Modifications. This Agreement cannot be changed except by written agreement signed by both parties. Electronic signatures are acceptable. Broker may receive separate compensation from an owner for services to the owner; Buyer will not be responsible for such separate compensation unless agreed in writing. Buyer acknowledges reading and understanding these terms by signing below.
14. Agent Commitment. The agent's job is to help the client find the right lender and the right property — so long as the client has income and a desire to purchase, we will help them find a property and a way to get financed. We will work with the client until that objective is achieved.