This
letter is to set forth our understanding about what legal
services I will provide to you and the cost of those services.
1.
Services
My goal is to provide you
with quality legal services relating to the [fill in
particulars] [sale of your home]. Although I am
licensed as a real estate broker, I am not acting as
your broker in this transaction and you have indicated
there will likely not be a broker involved. [Because
there is no broker involved, I have provided you with
forms and pricing information, but we agree this does
not constitute an agency relationship and that you will
hold me harmless against any losses that I may incur
as a result of others thinking that is the case.] I
can, as your attorney, direct you and your buyers to
appraisers, inspectors, title companies, mortgage companies
and others typically involved in home sale transactions,
but I am not responsible for these individuals or the
results they obtain for you. I will not seek or
receive any remuneration for theses types of referrals.
Fixed Fees
You are selling your home
yourself and have selected the services at the fixed
fees described on the attached schedule. Any time
spent beyond that for those services will be billed
at hourly rates as described below. I will advise
you if and when the services will be outside the fixed
fee before incurring those charges.
Hourly Fees
My
hourly rate is $250 effective February 1, 2010. This will include all typical
costs such as telephone charges, faxes and photocopying.
It will not include any filing fees or charges imposed
by third parties. I will report to you as often
as you desire the amount of the charges you have incurred,
but the accumulated bill may be paid at closing out
of the proceeds of the sale, or, if no closing occurs,
within 30 days of the date that is apparent. Any
final charges for services after the closing will be
sent no later than a month after they are incurred.
Interest will accrue on amounts unpaid for 45 days at
a rate of 10% per annum.
Termination
You
have the right to terminate my representation at any
time by letting me know. I will send your file to whomever
you direct. I have the same right, but must give
you enough notice to make arrangements for alternative
representation.
If
you have any questions about the terms of this letter,
please let me know. If not, kindly sign below and return
one copy to me. I look forward to working
with you.
