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06-13-22-R
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06-13-22-R
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LISTING CONTRACT: <br />EXCLUSIVE RIGHT TO SELL <br />Page 4 38. <br /> <br />125. Property located at . <br /> <br />126. In addition, if before this Contract expires Broker presents a buyer who is willing and able to buy the Property at the <br />127. price and terms required in this Contract, but Seller refuses to sell, Seller shall still pay Broker the same compensation. <br />128. Seller agrees to pay Broker’s compensation whether Broker, Seller, or anyone sells the Property. Seller hereby permits <br />129. Broker to share part of Broker’s compensation with other real estate brokers, including brokers representing only the <br />130. buyer. Seller agrees to pay Broker’s compensation in full upon the happening of any of the following events: <br />131. 1. the closing of the sale; <br />132. 2. Seller’s refusal to close the sale; or <br />133. 3. Seller’s refusal to sell at the price and terms specified above. <br />134. If, within days (not to exceed six (6) months) after the expiration of this Contract, Seller sells or agrees to sell <br />135. the Property to anyone who: <br />136. 1. during this Contract made inquiry of Seller about the Property and Seller did not tell Broker about the inquiry; <br />137. or <br />138. 2. during this Contract made an affirmative showing of interest in the Property by responding to an advertisement, <br />139. or by contacting Broker or the licensee involved, or was physically shown the Property by Broker and whose <br />140. name and address is on a written list Broker gives to Seller within 72 hours after the expiration of this Contract; <br />141. then Seller shall still pay Broker the compensation noted here, even if Seller sells the Property without Broker’s <br />142. assistance. Seller understands that Seller does not have to pay Broker’s compensation if Seller signs another valid <br />143. listing contract or facilitator services agreement for this Property after the expiration or cancellation of this Contract, <br />144. under which Seller is obligated to compensate another licensed real estate broker. <br />145. To secure the payment of Broker’s compensation, Seller hereby assigns to Broker the gross proceeds from the sale <br />146. of the Property in an amount equal to the compensation due to Broker under this Contract. <br /> <br />147. COMPENSATION DISCLOSURE: Broker SHALL SHALL NOT offer compensation to cooperating brokers. <br /> (Check one.) <br />148. If SHALL, the compensation to cooperating brokers shall be as follows: <br />149. % of the gross sales price or $ , whichever is greater, to cooperating <br />150. brokers representing buyer. <br />151. % of the gross sales price or $ , whichever is greater, to cooperating <br />152. brokers assisting buyer. <br />153. Other: <br />154. <br /> <br />155. CLOSING SERVICES: <br />156. NOTICE: THE REAL ESTATE BROKER, LICENSEE REPRESENTING SELLE R, OR REAL ESTATE <br />157. CLOSING AGENT HAS NOT EXPRESSED AND, UNDER APPLICABLE STATE LAW, MAY NOT EXPRESS <br />158. OPINIONS REGARDING THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF THE CLOSING <br />159. ITSELF. <br />160. After a purchase agreement for the Property is signed, arrangements must be made to close the transaction. Seller <br />161. understands that no one can require Seller to use a particular person in connection with a real estate closing and that <br />162. Seller may arrange for a qualified closing agent or Seller’s attorney to conduct the closing. <br />163. Seller’s choice for closing services: (Check one.) <br />164. Seller directs Broker to arrange for a qualified closing agent to conduct the closing. <br />165. Seller shall arrange for a qualified closing agent or Seller’s attorney to conduct the closing. <br /> <br />166. <br />(Seller’s Initials) (Seller’s Initials) <br />MN:LC:ERS-4:499 (8/20) <br />3588 Ridgewood Rd Arden Hills 55112MN <br />180 <br />8 <br />8 2.7 1.00
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