2015-06-10 Set Agenda Handouts - Laserfiche WebLink

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VACANT LAND PURCHASE AGREEMENT 249. Page 7 250. Address 7261 Main Street_Centerville 251. DUAL AGENCY REPRESENTATION 252. PLEASE CHECK AM OF THE FOLLOWING SELECTIONS: 253. Q Dual Agency representation DOES NOT apply in this transaction.Do not complete fines 254-270. 254. ❑ Dual Agency representation DOES apply In this transaction.Complete the disclosure in lines 255-270. 255. Broker represents both the Seller(s) and the Buyer(s)of the property involved In this transaction, which creates a 256. dual agency.This means that Broker and its salespersons owe fiduciary duties to both Seller(s)and Buyer(s).Because 257. the parties may have conflicting interests,Broker and its salespersons are prohibited from advocating exclusively for 258. either party.Broker cannot act as a dual agent in this transaction without the consent of both Seiler(s)and Buyer(s). 259. Seiler(s)and Buyer(s)acknowledge that 260. (1) confidential information communicated to Broker which regards price,terms or motivation to buy or sell will 261. remain confidential unless Seller(s)or Buyer(s)instructs Broker in writing to disclose this information.Other 262. information will be shared; 263. (2) Broker and its salespersons will not represent the interest of either party to the detriment of the other;and 264. (3) within the limits of dual agency,Broker and its salespersons will work diligently to facilitate the mechanics of 265. the sale. 266. With the Ivrowledge and understanding of the explanation above,Seiler(s)and Buyer(s)authorize and instruct Broker 267. and its salesperson to act as dual agents in this transaction. 268. Seller Buyer 269. Seller Buyer 270. Date Date 271. OTHER: 272. 273. 274. 275. 276. 277. 278. 279 280. 281. 282. 283. 284. 285. 286. MN:VLPA-7(8/t)