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COMMERCIAL PURCHASE AGREEMENT <br /> 235. Page 6 Date 10/06/14 <br /> 236. Property located at 7087 20th Avenue South Centerville <br /> 237. DUAL AGENCY DISCLOSURE: Dual agency occurs when one broker or salesperson represents both parties to a <br /> 238. transaction, or when two salespersons licensed to the same broker each represent a party to the transaction. Dual <br /> 239. agency requires the informed consent of all parties,and means that the broker or salesperson owes the same fiduciary <br /> 240. duties to both parties to the transaction.This role limits the level of representation the broker and salespersons can <br /> 241. provide, and prohibits them from acting exclusively for either party.In dual agency,confidential information about price, <br /> 242. terms and motivation for pursuing a transaction will be kept confidential unless one party instructs the broker or <br /> 243. salesperson in writing to disclose specific information about him or her.Other information will be shared. Dual agents <br /> 244. may not advocate for one party to the detriment of the other. <br /> 245. CONSENTTO DUAL AGENCY <br /> 246. Broker represents both parties involved in the transaction, which creates a dual agency.This means that Broker and <br /> 247. its salespersons owe fiduciary duties to both parties.Because the parties may have conflicting interests, Broker and its <br /> 248. salespersons are prohibited from advocating exclusively for either party. Broker cannot act as a dual agent in this <br /> 249. transaction without the consent of both parties. Both parties acknowledge that <br /> 250. (1) confidential information communicated to Broker which regards price, terms or motivation to buy, sell or lease will <br /> 251. remain confidential unless the parties instruct Broker in writing to disclose this information.Other information will <br /> 252. be shared; <br /> 253. (2) Broker and its salespersons will not represent the interest of either party to the detriment of the other;and <br /> 254. (3) within the limits of dual agency, Broker and its salesperson will work diligently to facilitate the mechanics of the <br /> 255. sale. <br /> 256. With the knowledge and understanding of the explanation above, the parties authorize and instruct Broker and its <br /> 257. salespersons to act as dual agents in this transaction. <br /> 258. SELLER: BUYER: <br /> 259. By: By: <br /> 260. Its: Mayor Its: President <br /> (Title) (Title) <br /> 261. <br /> (Date) (Date) <br /> 262. SELLER: BUYER: <br /> 263. By: By: <br /> 264. Its: Its: <br /> (Title) (Title) <br /> 265. <br /> (Date) (Date) <br /> 266. SUCCESSORS AND ASSIGNS:All provisions of this Purchase Agreement shall be binding on successors and assigns. <br /> 267. CLOSING COSTS: Buyer or Seller may be required to pay certain closing costs, which may effectively increase the <br /> 268. cash outlay at closing or reduce the proceeds from the sale. <br /> 269. ACCEPTANCE DEADLINE. This offer to purchase, unless accepted sooner, shall be withdrawn at 11:59 p.m., <br /> 270. October 10th ) 20 14 and in such event all earnest money shall be returned to Buyer. <br /> MNC:PA-6(8/14) <br /> lnStar�%�t <br />