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 In the event a Purchase Agreement is entered into with a party identified on the Seller Protected List <br />within 30 days of the date of the Agreement which ultimately closes, the Sale Commission due Broker will <br />be reduced to 3%. <br /> In the event a Purchase Agreement is entered into with a party identified on the Seller Protected List <br />within 60 days of the date of the Agreement which ultimately closes, the Sale Commission due Broker will <br />be reduced to 4%. <br /> In the event a Purchase Agreement is entered into with a party identified on the Seller Protected List after <br />60 days of the date of the Agreement which ultimately closes, the Sale Commission due Broker will be 5%. <br /> <br />If the city grants an option or options to sell all or any portion of the property during the term of the agreement or <br />grants an option during the protective period to a person or entity described in Section 4 hereof, a sale <br />commission in the amount determined as follows shall be paid: 6% of sales price at closing if a co-broker is <br />involved and 5% if direct. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Council Short-term Goal: Activity Center Future <br /> <br />Attachments <br /> Exclusive Listing Agreement (will be distributed at meeting) <br /> <br /> <br /> <br />N:\\Public Bodies\\Agenda Packets\\09-21-2020\\Final\\Laserfiche\\x4.6 sr Exclusive Listing Agreement with IAG Commercial.docx <br />