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,%tall9r COMMERCIAL LISTING CONTRACT: <br />EXCLUSIVE <br />'z This form approved by the Minnesota Association of REALTORS" <br />and the Minnesota Commercial Association of REALTORSO, which <br />disclaims any liability arising out of use or misuse of this form. <br />© 2020 Minnesota Association of REALTORSO, Edina, MN <br />1. Date _ <br />2. Page 1 <br />3. DEFINITIONS: IN CONSIDERATION OF the Contract of Partner. Raal Estate Mn LLC Hardin Companies <br />(Real Estate Company Name) <br />4. (`Broker") to undertake to❑SELL ❑LEASE (if only SELL is checked, all references to Lessor, tenant, or lease do not apply; <br />----(Check all that apply.)--- <br />5. if only LEASE is checked, all references to Seller, buyer, or sale do not apply) the property hereinafter described, <br />6. <br />(e.g., trust, power of attorney, conservator, etc.) <br />7. ("Seller and/or Lessor") grants to Broker the exclusive right to sell and/or lease or contract to sell and/or lease the property at <br />8 413 Proctor Ave NW <br />, <br />9. City of Elk River , County of Sherburne , State of <br />10. Minnesota, Zip Code 55330 and legally described as EXEMPT'LOTs 1 &` 2 BL& 2 E 50 FT OF LOT 3 BLK 2 <br />11. EXEMPT S 1-2 OF LOT it & 12 BLOCK 2 and N 1-2 OF LOTS 11 & 12, ELK 2 ("Property") <br />12. for the period from the date of this Contract through and including , for the sum <br />13. of `upon `1�p following terms <br />14. <br />15. <br />16. or at any other price, terms or exchange to which Seller and/or Lessor may consent. <br />17. This Contract terminates upon successful closi(fig and/or Lease of the Pro?oerty(ies) specified in this Contract or <br />18. expiration or cancellation of this Contract, whichever furs fir <br />19. This Contract may only be canceled by written mutyal dgreerrmnt of the -parties. <br />20. Seller and/or Lessor understands that ser may lid oth6f properties-4uring the term of this Contract which may <br />21. compete with Seller's and/or Lessdr's Property for potential b,Wers and/or tenants. <br />22. MLS DATA FEED OPTIONS: <br />23. EXPLANATIONS AND DEFI#ITIONS: <br />24. "IDX site" means a web site operafdrby a broker parting in the MLS on which the broker can advertise the <br />25. listings of other brokers in_MLS;ubjeCt to certain 1S rules. The consumer visiting an IDX site is not required to <br />26. register on the site'br to havL§-a bro4ragE`relationship with the broker displaying listings on the site. <br />27. "Virtual office'web,site" J"VOW") means a web site operated by a broker participating in the MLS that delivers <br />28. brokerage *vices to consumWs over theNorlcpwide web. Visitors to a VOW are required to register on the site (with <br />29. their name aad a Nal e-mail adoressk and enter a brokerage relationship with the broker operating the VOW. The <br />30. broker operating the`VOW can then silow the visiting customer/client nearly all of the information available to the <br />31. broker in MLS. Th�R selld'*(s) of a listing has the right to opt out of certain kinds of data display under the MLS's VOW <br />32. policy. The MLS impales r arioiA otter rules and restrictions on VOWS. <br />33. For each of the following tions, tine MLS system automatically defaults to "Yes." Seller's and/or Lessor's instructions <br />34. pertaining to the Internet plpy of the MLS input data for the Property are as follows: <br />35. Option 1. Listing display on the Internet. If Seller and/or Lessor selects "No," this listing will not be included in MLS <br />36. <br />data feeds to Internet web sites that display property listing data, whether intended for advertising the <br />37. <br />Property or providing online brokerage services (e.g., VOWS). Brokers participating in MLS can still disclose <br />38. <br />the listing to customers/clients via other means, including e-mail, fax, mail, hand delivery, and orally. <br />39. <br />Shall the Property listing be displayed on the Internet, including sold information? ❑X Yes ❑ No <br />40. <br />Seller and/or Lessor understands and acknowledges that if Seller and/or Lessor has selected "No" for <br />41. <br />Option 1, consumers who conduct searches for listings on the Internet will not see information about the <br />42. <br />Property in response to their searches. Minnesota <br />MNC:LC:E-1 (8/20) <br />I(Realtors® <br />TRANSACTIONS <br />Tms='i Desk Edition <br />