es
above $2,000,0001. No change in the above fee for a co-broke situation. In the event of
a co-broke, Broker will split commission 50/50.
lf the final sale price or final lease rate is less than 75% of Asking Price: the Broker's
commission shall be 75% of the original asking price multiplied by the above
commission rates.
2. Authority of Broker: The Broker is authorized to use reasonable efforts to procure a
ready willing and able buyer for the Property in accordance with the terms and
conditions of the Contract.
Owner agrees that ihe Broker, when requested by other agents or prospects, may
disclose the existence of other offers on the Property.
The Broker is hereby authorized to:
e Place signage on the Property.
e Place information about the Property on the Internet and/or Multiple Listing
Services, ,
e Advertise the Properiy in print media.
e Release data about the transaction, such as parties to the transaction, location
and square footage as press releases and/or databases for statistical purposes.
e Owner acknowledges that Broker will enter this data into "NNEREN?” within 15
days of this agreement and will put the name of the Owner as “On File’.
3. Acknowledgements and Obligations of Owner: Owner agrees to cooperate with
Broker in effecting the sale of the Property and to immediately refer to Broker all
inquiries of anyone interested in the Property. Ail negotiations are to be through the
Broker.
Owner represents that Owner is the legal owner of the Property and has the right to
enter into this Contract.
Owner acknowledges that Broker has made no guarantee of procuring a ready, willing
and able buyer for the Property.
Owner agrees to disclose to the Broker all information concerning the Property
including: Income and expenses, the existence of asbestos, radon, PCB transformers,
mold, underground storage tanks, lead paint, history of methamphetamine laboratory
use, septic systems and water problems or any information concerning the property be
they adverse or otherwise. The duty to disclose is ongoing and if the Owner discovers
additional information concerning the condition of the Property, the Owner shall
promptly disclose the additional information to Broker.
Owner acknowledges that Broker is being retained solely as a real estate agent and not
as an atiorney, fax advisor, lender, appraiser, surveyor, architect, contractor or any
other professional service provider. Owner has been advised to seek professional
{a
