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LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL Page 3 38. 79. Property located at . 80. SELLER’S OBLIGATION: Seller shall notify Broker of relevant information important to the sale of the Property. 81. Seller shall cooperate with Broker in selling the Property. Seller shall promptly inform Broker about all inquiries Seller 82. receives about the Property. Seller agrees to provide and pay for any inspections and reports required by any 83. governmental authority. Seller agrees to provide unit owners’ association documents, if required. Seller shall remain 84. responsible for security, maintenance, utilities, and insurance during the term of this Contract, and for safekeeping, 85. securing and/or concealing any valuable personal property. Seller shall surrender any abstract of title and a copy of any 86. owner’s title insurance policy for this Property, if in Seller’s possession or control, to buyer or buyer’s designated title 87. service provider. Seller shall take all actions necessary to convey marketable title by the date of closing as agreed to in 88. a purchase agreement. Seller shall sign all documents necessary to transfer to buyer marketable title to the Property. 89. Seller has the full legal right to sell the Property. 90. Access to the Property: To facilitate the showing and sale of the Property, Seller authorizes Broker to: 91. 1. access the Property; 92. 2. authorize other brokers and their salespersons, inspectors, appraisers, contractors, and other industry 93. professionals to access the Property at reasonable times and upon reasonable notice; and 94. 3. duplicate keys to facilitate convenient and efficient showings of the Property. 95. Authorizing access means giving Broker permission to allow the above-referenced persons to enter the Property, with 96. or without a licensed salesperson present, disclosing to the other person any security codes necessary to enter the 97. Property, and lending a key to the other person to enter the Property, directly or through a lockbox. Seller agrees to 98. commit no act which might tend to obstruct Broker’s performance here. If the Property is occupied by someone other 99. than Seller, Seller shall comply with Minnesota law and any applicable lease provisions of an existing lease and provide 100. tenant with proper notice in advance of any Property showing. Seller understands the prospective buyers and others 101. authorized to access the Property may record the Property by photograph, video, or other medium while accessing 102. the Property. 103. RECORDING ON THE PROPERTY: Seller understands that MN Statute 626A.02 specifically prohibits the interception 104. of oral communications without the consent of at least one of the two parties to the communication. Seller should seek 105. appropriate legal advice regarding compliance with this statute if Seller intends to utilize technology that may intercept 106. oral communications between persons other than Seller. 107. SELLER CONTENT LICENSE: In the event Seller provides content, including, but not limited to, any photos or videos 108. of the Property (“Seller Content”) to Broker, Seller grants to Broker a nonexclusive, perpetual, world-wide, transferable, 109. royalty free license to sub-license (including through multiple tiers), reproduce, distribute, display, perform, and create 110. derivative works of the Seller Content. Seller represents and warrants that Seller has authority to provide Seller Content 111. and Seller Content does not violate any restrictions regarding use including any third-party intellectual property rights 112. or laws. Seller agrees to execute any further documents that are necessary to effect this license. 113. NOTICE: THE COMPENSATION FOR THE SALE, LEASE, RENTAL, OR MANAGEMENT OF REAL PROPERTY 114. SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND THE BROKER’S CLIENT. 115. BROKER’S COMPENSATION: 116. Seller agrees to pay Broker a retainer fee of $ at the commencement of this 117. Contract, which fee should be kept by Broker whether or not Seller sells the Property. The retainer fee will apply 118. toward satisfaction of any obligation to compensate Broker. 119. Seller shall pay Broker, as Broker’s compensation, a commission of $499.00, PLUS perce nt (%) of 120. the selling price or $ , whichever is greater, if Seller sells or 121. agrees to sell the Property during the term of this Contract. 122. Other: 123. MN:LC:ERS-3:499 (8/20) 3588 Ridgewood Rd Arden Hills 55112MN 0.00 6 1.00 If listing agent sells the lot to an unrepresented buyer, the listing broker's compensation will be 5.5%.