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QUAL f COMMERCIAL LISTING CONTRACT: EXCLUSIVE n This form approved by the Minnesota Association of REALTORS® and the Minnesota Commercial Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. '+.,,+ s',.•``` © 2020 Minnesota Association of REALTORS®, Edina, MN 1. Date 2. Page 1 3. DEFINITIONS: IN CONSIDERATION OF the Contract of .partnere Real Estate Hn LLC Hardin Companies (Real Estate Company Name) ("Broker") to undertake tox❑ SELL ❑ LEASE (f only SELL is checked, all references to Lessor, tenant, or lease do not apply; ----(Check all that apply.) --- if only LEASE is checked, all references to Seller, buyer, or sale do not apply) the property hereinafter described, (e.g., trust, power of attorney, conservator, etc.) ("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 City Of Elk River 10. Minnesota, Zip Code 55330 11 , County of Sherburne , and legally described as 12. for the period from the date of this Contract through and including 13. of 14. - 15 16 or at any other price, terms or exchange to which Seller and/or Lessor may, consent. , State of ("Property") , for the sum upon the following terms 17. This Contract terminates upon successful closipg and/or- Lease of the, Pro perty(ies) specified in this Contract or 18. expiration or cancellation of this Contract, whichever occurs fir t: 19. This Contract may only be canceled by written mutual agreement of the -parties. 20. Seller and/or Lessor understands that-B-oker may list oth'ef properties4u"ring the term of this Contract which may 21. compete with Seller's and/or Lessor's Property, for potential buyers and/or tenants. 22. MLS DATA FEED OPTIONS: 23. EXPLANATIONS AND DEFINITIONS: 24. "IDX site" means a web site operat"ecity a broker partibiMing in the MLS on which the broker can advertise the 25. listings of other brokersin_ MLS, subject to certain -14LS stales. The consumer visiting an IDX site is not required to 26. register on the site'or to have a,brokjrage'relationship with the broker displaying listings on the site. 27. "Virtual office4eb,site"A"VOW".) means a'web site operated by a broker participating in the MLS that. delivers 28. brokerage services to consumers over the gorld Wide web. Visitors to a VOW are required to register on the site (with 29. their name and a -teal e-mail adlress) and enter a brokerage relationship with the broker operating the VOW. The 30. broker operating the`V,OW can then stow the visiting customer/client nearly all of the information available to the 31. broker in MLS. The sellers) of a listing/has the right to opt out of certain kinds of data display under the MLS's VOW 32. policy. The MLS imposes Jariot-s other rules and restrictions on VOWS. 33. For each of the following tionsthe MLS system automatically defaults to "Yes." Seller's and/or Lessor's instructions 34. pertaining to the Interne -'T Ia"of the MLS input data for the Property areas follows: 35. Option 1. Listing display on the Internet. If Seller and/or Lessor selects "No," this listing will not be included in MLS 36. data feeds to Internet web sites that display property listing data, whether intended for advertising the 37. Property or providing online brokerage services (e.g., VOWS). Brokers participating in MLS can still disclose 38. the listing to customers/clients via other means, including e-mail, fax, mail, hand delivery, and orally. 39. Shall the Property listing be displayed on the Internet, including sold information? ® Yes ❑ No 40. Seller and/or Lessor understands and acknowledges that if Seller and/or Lessor has selected "No" for 41. Option 1, consumers who conduct searches for listings on the Internet will not see information about the 42. Property in response to their searches. MNC:LC:E-1 (8/20) Minnesoa IgRealtorso TRANSACTIONS Tna H -Oak Edldon