EXCLUSIVE RIGHT TO SELL - CONTRACT
In consideration of your effort to sell real property in the city, township, village (circle) of ____________ County, State of ____________ , being know as _________________________ ,approximately ____________ acres. (sidwell #'s_______________________________________________land on terms and conditions detailed herein, the undersigned, being all the owners thereof, grant unto you the exclusive right to sell said property for a listing period commencing on ____________ and expiring 365days of said list commenent day and conditions as the undersigned may hereafter accept.
We agree to execute and deliver to the purchaser a conveyance of marketable title to the property as required by an acceptable offer, free of all encumbrances and liens except none know . We will provide Title Policy as evidence of title. We further represent that we are in peaceful possession of the property, and that our interest is evidenced by ( WARRANTY DEED ) (LAND CONTRACT) (___________________________________other). Circle one.
We will pay you at the consummation of a commission of Ten% of the sale price. However, 1) If by sale and the sale is not consummated due to the undersigned's failure, inability, or refusal to perform the conditions of the offer, 2) If the property is owned by a corporation and the corporation sells it's stock which includes the property as part of it's assets, the commission or fee as stated above shall apply as if the sale had been consummated. (Note a minimum commission of Two Thousand Dollars will be charged on parcels where 10% of the sale price does not equal Two Thousand Dollars.)
Your compensation for services rendered with respect to this listing is solely a matter of negotiation between us and is not fixed, controlled, recommended, or maintained by any person not a party to the listing contract. Additionally the subagency and paid by you as listing broker to a cooperating broker with respect to this listing is established by you and in offer of subagency and is not fixed, controlled, recommended or maintained by any other person.
By way of information, however, broker does hereby advise seller herein that the broker shall co-op this sale with other Brokers acting in the capacity of Seller's Agent (a.k.a. sub-agent to the Seller). Landman properties does not make it policy to offer compensation to any Broker not acting in a fiduciary capacity for the Seller, i.e. Buyer Brokers, Facilitators, or Transaction Co-ordinators. Landman Properties, LLC has full authorization to hire sub-agents to show, advertise, or market said property.
It is agreed by us as parties to this listing contract, that as required by law, discrimination because of religion, race, color, national origin, age, sex, handicap, marital status, or familial status, of familial status with respect to the sale, lease, or exchange of the subject property is prohibited.
This listing is subject to restrictions, easements, covenants and zoning ordinances, if any.
The covenants herein shall bind the heirs, personal representatives, administrators, executors, assigns and successors of the respective parties.
The term "we" as used in this contract refers to the seller(s). The term "you" as used in this contract refers to the listing Broker. The term "us" refers to the listing Broker and the seller(s).
Upon seller's written acceptance of the terms of any offer to Purchase, BROKER shall not present any other offers received after the time of acceptance, unless otherwise provided in this contract.
For - Non-Michigan Property Owners (Landman Properties will act as a Referral Agent) Should their property be located in other states other than Michigan - Landman Properties,LLC has full - Power of Attorney and authorization to hire Brokers in that same state on owners behalf - to handle all property showings, including marketing, advertising and all legal and escrow - documents; Owners will only pay one commission as stated above to Landman Properties,LLC. or their assigns. Landman Properties will share that commission with all other Brokers who may be involved.
|
Sale - Price $ __________________________ To be paid in cash - or upon any other terms and condition as the seller's herein agree. The seller(s) represent and warrant that they are the exclusive holders of the interest to be conveyed hereunder, or that they are the duly authorized agents of the holders of the said interest and are specifically empowered to enter into this contract and to convey the interest set forth. This contract shall be binding upon the execution between seller(s) and the agent of the Broker. LANDMAN PROPERTIES, LLC
|
Land Contract: Yes No (circle One) Are sub-surface rights included: Yes No (circle One) Down Payment: $ _________________ Payment Increments: Monthly,Quarterly,Annually (circle One) Payment Amount: $ _______________ Interest Rate: ___________________ Land contract Duration: $ ______ Yrs |