8.2. SR 09-08-2020 - Laserfiche WebLink

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IAG Commercial 222 South 9s' Street - Suite 1600 - Minn apolis, Minnesota 55403 - (612) 338-2828 EXCLUSIVE REPRESENTATION AGREEMENT (LISTING AGREEMENT - SALE) THIS AGREEMENT ('Agreement") is evade this day of , by and between Integrust Advisory Group, LLC, a Minnesota Limited Liability Company doing business as Commercial (hereinafter referred to as "Broker"), and 1 , with a business address of (hereinafter referred to as "Owner"). I, Agency- In consideration 4f its efforts and expenditures, and its a, recment to list in its offices the real I l y and improvem`ents`Yrereinafter described and to provide the services referred to herein, Owner hereby appoints Broker as Owner's exclusive real estate agent during the term of this Agreement and grants Broker the exclusive right to sell the real property and improvements, if any, described as follows (the "Property") or any portion thereof-. ADDRESS: �l CITY, STATE, ZIP: COUNTY: BUILDING SIZE: (Sq.Ft.) PROPERTY TYPE: LEGAL DESCRIPTION; SALE PRICE: f - i OTHER TERMS: �) Broker shall be entitled to a Sale Commission for any Sale transaction entered into by Owner in accordance with the provisions of this Agreement, whether such Sale transaction is negotiated directly by Owner or another broker or whether .such Sale is at the price and upon the term contained herein, or at a different price or upon other terms at may be accepted in writing by Owner. 2. Commissions, "NOTICE; THE COMMISSION RATE FOR THE SALE, LEAST~, RENTAL OR MANAGEMENT OF RIVAL PROPERTY SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND ITS CLIENT." See attached Commission Schedule, the terms of which are incorporated herein by reference. 3. Term. Term of this Agreement shall commence on and shall expire and terminate on Q August 3T,'019 subject to the Protective Period provided in Section 4 of ills A&nw=nL d. Protective Period. Owner furthcr agrocs that in the event any Sale of the Property resulting from any contract or agreement entered into by Owner within six (6) months after the expiration or termination of this Agreement ("Protective Period") is consummated with any person or entity for which a Sale Commission would otherwise be payable by Owner hereunder, Owner will pay the Sale Commission to Broker. If, at the end of the six (6) month period, the property is under contract with a party on the original `protective list" as defined herein, the Protective Period shall be extended another six (6) months or to close, if sooner. Owner shall furnish Broker with all relevant information received by Owner during the Protective Period regarding any purchase offers or inquiries from such persons or entities promptly alter receiving same. The Broker's Protective Period shall only be applicable to persons or entities with whom Broker has negotiated during the tarn of this Agreement. Broker shall identify such persons or entities by providing Owner with it written "protective list" within 72 hours of the expiration or termination of this } Agreement, time being of the essence. Broker shall be conclusively deemed to have "negotiated" with a party, if Broker (or any outside broker acting at the: direction of Broker) has shown the Property to such party or prepared an offer/Letter of Intent on behalf of Owner to sell the Property to such party or submitted written information to such party concerning the Property specifically at the J request of such party. L) 5, Owner's Representations and Agreements, a. Owner represents that Owner has full legal tight to sell the Property. b. Owner represents that as of the date of this Agreement, no notices, except as herein noted, pertaining to the Property have been received by Owner from any municipality or other governtnental agency. Owner agrees to promptly famish Broker with copies of any such notices received during the term of this Agreement. J c, Owner agrees to comply with the tetras and conditions of any Purchase Agreement or other agreexttent to which it is a putty J in a timely fashion. LJ d. Owner agrees to permit Broker to erect a ")"or Sale" sign on the Property and to remove all other "For Sale" signs from the Property during the terra of this Agreement Owner further agrees to permit Broker to erect a "Sold" sign on the Property for a period of thirty (30) days following a Sale of the Property. e, Owner agrees to refer to Broker all inquiries regarding the Property received from prospective purchascrs. f Owner agrees that any member of Brokers sales force may immediately offer the Property for sale under the terms hereof. Lb Owner agrees to cooperate with and assist Broker in making the Property available for inspection by prospective purchasers and their agents. Owner agrees to permit Broker to share part of its Sale Commission with other real estate brokers, including brokers only representing purchasers of the Property. g, Owner agrees to provide Broker with all materiel inforntati®n concerning the financial, phy.sisal, legal or environmental status of the Property presently in Owners possession or subsequently received by Owner. 16