8.2. SR 09-08-2020 - Laserfiche WebLink

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crs COMMERCIAL REALTY SOLUTIONS www.commrealtysolutions.com 36 413 Proctor Ave NW, Elk River. MN 37 Page 2 38 39 erect a "Sold" sign on the PROPERTY for a period of (30) days following the sale or exchange 40 of the PROPERTY by BROKER. SELLER shall permit BROKER to place information on the 41 Minnesota Commercial Property Exchange (MCPE) and the internet concerning the PROPERTY. 42 Broker may notify the MCPE and member REALTORS of the price and terms of the sale. 43 44 COMPENSATION 45 46 It is further agreed that SELLER shall pay BROKER a brokerage fee of 6%. If there is a 47 cooperating broker representing the buyer, the commissions of 6% will be split with each broker 48 receiving 3%. Commissions will be paid on the price for which the PROPERTY is sold or 49 exchanged, upon occurrence of any of the following conditions; 50 51 1. The Sale, contract for sale, exchange or conveyance of the PROPERTY during the period of 52 this Agreement by BROKER or any other person, including, but not limited to, SELLER, or any 53 other agent or broker not a party to this Agreement, in accordance with the price, terms or 54 exchange as set forth herein or as otherwise consented to by SELLER. 55 2. If a BUYER is procured, whether by BROKER, SELLER or anyone else, who is ready, 56 willing and able to purchase the PROPERTY at the price and terms set forth above and SELLER 57 refuses to sell. 58 3. If SELLER agrees to sell the PROPERTY before this contract expires, and SELLER refuses 59 to close the sale. 60 4. If SELLER removes the PROPERTY from the market before expiration of this Listing 61 Agreement. 62 5. If SELLER grants an option to purchase the PROPERTY, SELLER shall compensate 63 BROKER, as provided herein, based on the price paid for the option and for any extensions 64 thereof. The compensation shall be paid upon receipt by SELLER of any such payments. In the 65 event such option is exercised, whether during the term of this Agreement, or within 3 66 month's thereafter, SELLER shall also compensate BROKER on the gross sale price of the 67 PROPERTY in accordance with the provisions herein. Notwithstanding the foregoing, to the 68 extent that all or part of the price paid for the option or any extension thereof is applied to the sales 69 price of the PROPERTY, then any compensation previously paid by owner to BROKER on 70 account of such option payments shall be credited against the compensation payable to BROKER 71 on account of the exercise of the option.