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COMMERCIAL CONTRACT FOR <br /> EXCLUSIVE RIGHT TO REPRESENT <br /> BUYER AND/OR TENANT <br /> 81. Page 3 <br /> 82. Buyer's choice fo I•sing sa ice (nitial one.) <br /> 83 % ; i/ buyer wishes to have Broker arrange for the closing. <br /> (Buyer) (Buyer) <br /> 84. Buyer shall arrangefor a qualified closing agent or Buyer's attorneyto conductthe closing. <br /> (Buyer) (Buyer) <br /> 85. ADDITIONAL COSTS: Buyer and/or Tenant acknowledges that Buyer and/or Tenant may be required to pay certain <br /> 86. costs at closing and/or in Leasing; including but not limited to application fees, credit checks, and/or closing costs; <br /> 87. which may effectively increase the cash outlay at closing. <br /> • <br /> 88. INSPECTION: Broker recommends that Buyer and/or Tenant obtain a physical inspection and conduct further <br /> 89. investigation and due diligence of the property, including but not limited to inspecting and reviewing the financial <br /> 90. documents, environmental reports, surveys, and any additional methods of investigation of Buyer's and/or Tenant's <br /> 91. choice,to satisfy himself/herself/itself with the condition of the property. <br /> 92. AGENCY REPRESENTATION: <br /> 93. © Buyer and/or Tenant will agree to a dual agency representation and will consider properties listed by Broker. <br /> 94. ❑ Buyer and/or Tenant will not agree to a dual agency representation and will not consider properties listed by <br /> 95. Broker. <br /> 96. Real Estat- Comp-• •-me: Briggs Properties Inc. <br /> 97. By: <br /> (.' en ee) Patrick Briggs <br /> 98. Buyer and/or Tenant: " '441 ` Date:. <br /> 99. Buyer and/or Tenant: Date: <br /> 100. OTHER POTENTIAL BUYERS AND/OR TENANTS: Broker may represent or work with other potential buyers and/ <br /> 101. or tenants for the same property before,during and after the expiration of this Contract. Other potential buyers and/or <br /> 102. tenants may consider, make offers or Purchase and/or Lease through Broker the same or similar properties as Buyer <br /> 103. and/or Tenant is seeking to acquire. <br /> 104. PREVIOUS AGENCY RELATIONSHIPS:Broker or licensee representing or assisting Buyer and/or Tenant may have <br /> 105. had a previous agency relationship with a seller and/or tenant of a property Buyer and/or Tenant is interested in <br /> 106. Purchasing and/or Leasing. Buyer and/or Tenant acknowledges that Buyer's and/or Tenant's Broker or licensee <br /> 107. representing or assisting Buyer and/or Tenant is legally required to keep information regarding the ultimate price and <br /> 108. terms the seller and/or lessor would accept and the motivation for selling and/or leasing confidential,if known. <br /> 109. NOTICE REGARDING PREDATORY OFFENDER INFORMATION:Information regarding the predatory offender <br /> 110. registry and persons registered with the predatory offender registry under MN Statutes 243.166 may be <br /> 111. obtained by contacting the local law enforcement offices in the community where the property is located, <br /> 112. or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of Corrections Web <br /> 113. site at www.corr.state.mn.us. <br /> 114. ELECTRONIC SIGNATURES:The parties agree the electronic signature of any party on any document related to this <br /> 115. transaction constitute valid, binding signatures. <br /> MNC:CERRB-3(10/12) <br /> corms <br /> • <br />