Before any of your life settlement brokers performed any life settlement brokerage services for you in connection with the sale of your policy to --, the life settlement provider, in a life settlement transaction, you have entered into, and received a copy of, a written agreement with each such life settlement broker for the payment of such life settlement broker's commission
, which you have authorized to be disbursed from the proceeds payable by--, the life settlement provider, for its purchase of your life insurance policy.
citizen have the educational preparation, and time, to manage the investment of their own retirement funds; and (2) Do they earn enough money to be able to pay an investment broker's commission
that is taken on each investment transaction?
Although you forego a broker's commission
to enroll in a DRIP program, many companies with direct investment plans require minimum initial investments from $250 to $1,000 to join.
While brokers remedies have been broadened, certain conditions must be satisfied: There must be a written brokerage contract containing the following statement in clear and conspicuous bold face type: "At the time of closing, you [seller] may be required to deposit the broker's commission
with the county clerk in the event that you do not pay the broker his and her commission as set forth herein.
It is advisable for a Seller to expressly condition his or her payment of a broker's commission
on the closing of the transaction (except, perhaps, if Seller willfully defaults).