v. Buyer will provide written verification of down payment funds in the amount of no less than $XXX,XXX upon signing of LOI. vi. Buyer and seller agree that seller is responsible for the payment of brokerage fees to XYZ Brokerage, Inc. in the amount of $XXX,XXX.
Here is another question for you. Why would anyone try and get you to sign anything unless it is binding and could be used against you in a court of law? There is no other reason.... this is the reason they try and get you to sign this. The only person that is being locked into anything is you and usually in a way that is very one sided and only benefits the carriers and the tower companies.