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2020-04-22 CC Packet
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2020-04-22 CC Packet
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<br />EXCLUSIVELISTINGAGREEMENT(SALE) <br />ThisexclusivelistingagreementbyandbetweenTITUSCOMMERCIALREALESTATE,LLC <br />("Titus")andCITYOFCENTERVILLEasOwner("Owner")representstheListingPeriodeffective <br />June2,2020andshallcontinueforaperiodoftwentyfour(24)monthsunlesscancelledby <br />eitherpartywith30dayswrittennotice,butsentnoearlierthanSix(6)monthsafterthe <br />EffectiveDate.TitusisherebygiventheexclusiverighttosellthePropertylocatedat1737 <br />MainStreet,describedfurtheronExhibitA,ataninitialOfferingPriceof$TBDwiththe <br />followingTermscash. <br />Whenclosed,OwneragreestopayCommissionequaltoten(10%)ofthePurchasePrice.Inthe <br />eventthatanOutsideBrokerrepresentsthepurchaser,thecommissionpayabletoBrokershall <br />equalthesameasabove.Ifthecityusesthelandvalueasincentivetodevelop,thecitywill <br />payafeebasedon$65,000@10%=$6,500.00 <br />1.RighttoSell:OwnerherebygrantsTitusCommercialRealEstate,LLC.("Titus"),during <br />theListingPeriod,theexclusiverighttomarketandsellthePropertyforapricewhich <br />equalsorexceedstheSalePriceandinaccordancewithanySpecialTermswhichOwner <br />mayaccept. <br />2.PaymentofBrokerageFee:NOTICE:THECOMMISSIONRATEFORTHESALE,LEASE, <br />RENTALORMANAGEMENTOFREALPROPERTYSHALLBEDETERMINEDBETWEENEACH <br />INDIVIDUALBROKERANDITSCLIENT. <br />A.IfthePropertyissoldduringtheListingPeriod,inanymanner,byanyperson <br />andonanyterms,OwnerwillpaytheCommissiontoTitus.Owneracknowledgesthatthis <br />exclusiverightsandthattheCommissionwillbepayabletoTituswith <br />AgreementprovidesTitus <br />regardtoanysaleofthePropertyduringtheListingPeriod,irrespectiveofwhether(a)thesale <br />ismadeoreffectedbyOwnerorbyanagentorbrokerotherthanTitus,(b)thebuyerofthe <br />wasintroducedtothePropertyorOwnerbyTitus,or(c)Titusparticipatedinthesale <br />Property <br />inanymanner.CurrentOwnersandTenantsareexcludedfromBrokerageFee:NONE <br />B.If,duringtheListingPeriod,TitusshallpresentOwnerabuyerwilling <br />andabletopurchasethePropertyforapricewhichequalsorexceeds <br />theSalePriceandinaccordancewithanySpecialTerms,andOwner <br />shallrefusetosellthePropertytosuchbuyer,Ownershall <br />neverthelesspaytheCommissiontoTitusuponrequest. <br />C.Withinseventytwo(72)hoursfollowingtheExpirationDate,Tituswillprovide <br />Owneralist(the"ProtectiveList")ofallpersonswho,duringtheListingPeriod, <br />(i)werephysicallyshownthePropertybyTitus,or(ii)madeaffirmativeshowing <br />ofinterestinthePropertybycontactingTitusorrespondingtoan <br />advertisement.IfthePropertyissoldtoanypersonidentifiedintheProtective <br /> <br />
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