They include many unethical clauses that means you pay them their commision no matter what. Weather they complete the sale or not they will sue you for the high commission. They are in the business to trap you look for a more ethical business as these guys are sleasy crooks. | If you plan, to sell, your business Beware of their Listing Agreement. Capital 1 Commercial Group will SUE you if you dont comply. Item 4 in their listing agreement is the most important. I have Item 4 of their contract is below. A summary of what it says in lemans terms They charge 10% of the total purchase price or 12,500 whichever is greater.(A) If someone offers full price and terms you owe a commission.(B) If you sell, trade or close your doors you owe a commission.(C) If you terminate the listing agreement you owe a commission. (D) If you do something to mess up the sale you owe a commission. (E) For 2 years after the listing agreement expires you cannot sell to pretty much anyone without owing a commission. (F) If you violate any government codes (health, fire, OSHA,ect) you owe a commission.(G) If you lie about sales, gross income, cash flow, ect. You owe a commission.
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