7.1. EDSR 12-20-2021 - Laserfiche WebLink

Home Browse Search

COMMERCIAL LISTING CONTRACT: EXCLUSIVE 43. Page 2 44. Property located at Elk River _ _ 55330 45. If "No" was selected at Option 1, skip Options 2-4. If "Yes" was selected for Option 1, continue to Option 2. 46. Option 2. Listing address (Property and unit numbers and street name) display on the Internet. If Seller and/ 47. or Lessor selects "No," the address of the Property will be hidden on web sites receiving data feeds from 48. MLS that result in Internet listing display, whether intended for advertising the Property or providing online 49. brokerage services (e.g., VOWs). Brokers participating in MLS can still disclose the address to customers/ 50. clients via other means, including e-mail, fax, mail, hand delivery, and orally. 51. Shall the listing address (Property and unit numbers and street name) be displayed 52. on the Internet? ❑X Yes ❑ No 53. Option 3. An automated valuation of the Property listing or a link to an automated valuation of it may be 54. displayed adjacent to the listing. Some VOWS or IDX sites may provide an automated valuation model 55. ("AVM") function/service. An AVM uses statistical calculations to estimefe'the value of a property based 56. upon data from public records, MLS, and other sources, and incor�orating certain assumptions. The 57. accuracy of AVMs has sometimes been criticized because they do4iot take into consideration all relevant 58. factors in valuing a property. Seller and/or Lessor, by selecting "Nb," may prohibit display of an automated 59. valuation of his or her listing adjacent to the listing. 60. Shall an automatic valuation of the Property listing or a link to, an automated 61. valuation be displayed adjacent to the listing? ❑Q Yes ❑ No 62. Option 4. Comments or reviews of the Property by persons"otherthan the displaying br.Qker may be displayed 63. with or attached as a link to the listing data the,Propertj. Some VOWs or 1 X'sites may provide 64. functionality that permits the customers/clients using tWV6U Af or,IDX site to enter comments or reviews 65. with the, listing or by hyperlink to such comments or�eviews. dote that the broker displaying the listing 66. on his or herVOW or IDX site may add commentary repreWnting,his or her professional judgment regarding 67. the listing's value, etc. 68. Shall comments or reviews of the Property,Ay persons othertlyan the, displaying 69. broker be displayed with or attached as a I'mk tejf a listin -data of the Property? ❑Q Yes ❑ No 70. SELLER'S AND/OR LESSOR'S OBLIGATION: It is�agre'ed�t"hat Seller and%r Lessor shall promptly furnish Broker 71. with complete information concerning any person whoouring the period of this Contract makes inquiry to Seller and/ 72. or Lessor regarding the sale, exchange, -or lease of the 'Property. 73. If the Property is sold, Seller, hereby agrees to furnish to'J)uye'r, an Abstract of Title, a Registered Property Abstract 74. or an ALTA Title Insurance Commitment, certified -to date, to,include proper searches covering bankruptcies and state 75. and federal judgments and lien, and-to,6xecute or causeto-'pe executed a deed conveying title to the Property to the 76. buyer and any further documents�as mayr be required to ponsummate the sale in accordance with the terms above 77. designated or with4he terms -to whlich Seller may hereafter consent. 78. Seller and/or Lessor fyurther-agreesto promptlyhotify Broker of any notices pertaining to the Property which are hereafter 79. received durfng the term of t i� Contract. . 80. It is further agreed`that Seller and/or Lessor shall permit Broker to erect a "For Sale" and/or "For Lease" sign on the 81. Property and to. remove all other"'FohSale" and/or "For Lease" signs from the Property during the period of this 82. Contract. Seller and/or Lessor shall permit Broker to place information on the Minnesota Commercial Property 83. Exchange ("MCPE") ,or other type of multiple listing service forum ("MLS") and the Internet concerning the Property. 84. Upon final acceptance Rf a purcl)a'se and/or lease agreement, Seller and/or Lessor allows Broker to withdraw the 85. Property from the market.�Broker may notify the MCPE or MLS and member REALTORS® of the price and terms of 86. the sale and/or lease. 87. Seller and/or Lessor has the full legal right to sell and/or lease the Property. 88. Seller and/or Lessor certifies that as of the date of execution of this Contract, Seller and/or Lessor has not received 89. any notice of building, health, or fire code violations, nor vacant building registration notification, nor notice of hazardous 90. waste on the Property, nor notice of condemnation pertaining to the Property, except as herein noted (if none, state 91. "none"): 92. 93. Minnesota MNC:LC:E-2 (8/20) Realtors"TRnNsncT � 7ransoctionOesk Edition