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