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HomeMy WebLinkAbout2017-2833.06MNAGGYDISC-2 (8114 BUYER REPRESENTATION CONTRACT, EXCLUSIVE This form approved by the rknnesWa Aswcratk,)n of REALTORS, which drscWrrm any HabiNy airising oul of uce or rnis¢Aa of this form 6 2015 Wmr,,sota AssocialOn or REALTORSO , Edina, WN 1 07/10/2017Date 2 Page 1 oil pages d jumhia3, DEFINITIONS: Buyer is RE/MAX_ Sy!1eXqy . . . .. ...... ("Broker") 4 Broker is . . .... VIc4 Estate CornparV Name) 5, Buyer gives Broker the exc usive right to locate arid/or to assist in negofiations for the purchase, exchange of or option to 6. purchase ("Purchase") property at a price and with terms acceptable to Buyer, Thiis Contract starts on 2017-- and ends at 11:59 p.m. or) 15-- , 20 7, 28, 2. Buyer shah pay Broker, as Broker's compensation, setting price orpercent (%) of the W8110E- $ (8/15) k)stanetf BUYER REPRESENTATION CONTRACT: EXCLUSIVE 44. Page 2 52, GENERAL NATURE OF PROPERTY: (Includng the following property types: existing, new coristruction or to-be-b0t) 3. (Check all that apply) 4. Cor j mFar Recreatit n5nmercial/I n dustrial L 55, Residential/lInvestment Residential/Personal I:VacantLarid 64, Buyer's choice for closing services. (initial onp,) 77, PRIVATE INISPECTIOWWARRANTY- Broker re orne inspection to satisfy 78. himself/herself with the physical condition of the property Furthermore, there are warranty programs available for some, 79, properties which warrant the performance of certain components of a propeirty, which warranty pr,ograms Buyer may W wish to investigate prior to the Purchase of any specific property. MiNRCE-2 (8,115) BUYER REPRESENTATION CONTRACT: EXCLUSIVE 81, Page 3 82, AGENCY REPRESENTATION: if the Buyer chooses to purchase a property listed by Broker, a dual agency will be 83, created, This means that Broker will represent both the Buyer and the seller, and owe the sarne duties to the seller that 84. Broker owes to the Buyer. This conflict of interest will prohiblt Broker frorn advocating exclusively on the Buyer's behalf. 85. Duai agency wiil lim4 the Wvel o,f representation Broker can proOde. If a dual agency shOU11d; arise, the Buyer will need 86, to agree that confidential information about price, terms and motivation will still be kept confidential unless the Buyer 7. instructs Broker in writing to disclose specific information about the Buyer. AN other information will be shared. Broker B8, cannot act as a dual agent unless both the Buyer and the seller agree to it. By agreeing to a possible dual agency, 89, the Buyer will be giving up the right to exclusive representation in an in-house transaction. However, it the BLryer should 90, decide not to agree to a possible dual agency, and the BL)yer wants Broker, to represent the Buyer, the Buyer may give 91. up the opportunity to Purchase the properties listed by Broker, 92. Buygj,'g,j,rjatfq ns ocjit 11LQ.rr------ qMC: 93, Having read and understood this information about dual agency, Buyer now instructs Broker as fohows: 94, Buyer will agree to a dual) agency representation and will consider properties fisted by Broker. 95, Buyer wW not agree to a dual agency representation and wifl not consider properties listed by Broker. 96. Real Estate Company Name:-.... 9 Buyer; 7, y: BUyec98, B . . ... ...... 99, Date; --.— -11-- . .....__._...,.w 10;7. NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regaiirlding the predatory 11018. offender riegis,try and persons registered with the predatiory offenderregistiry under MN Statute 243.166 may 109. be obtained by contacting the loical law enforcement offices in the, comimunity where the p roperty Is lo w 110,. or, the Minnesota Department of Corrections at (651) 361-'7200, or from the Department of Corrections website at 111. wwwcorr.state.min.us. 112, ELECTRONIC SIGNATURES:!'The parties agree the electronic signature of any party on any document related to this 113. transaction constitute valid, binding signatures. 114. CONSENT FOR COMMUNICATION. Buyer authorizes Broker and its representatives to contact Buyer by mail, phone, I115. fax, e-maii orothiier means of communication during the term of this Contract and anytime thereafter. MEM2131MM irisfi)neti ,,- BUYER REP RESENTATION! C"ONTRACT: EXCLUSIVE 1 6 Page 4 126, ACCEPTED BY: RifK,Ax-,Synergy 127, By ,, 128 12 2459 15th Street NW Ste B New Bra _qlaton, KN 130 131 132 133. 134 I 35 136 137 Roc kwell@REMAX,net BUYER 41- ACCEPTED BY:12 590 40th Avenue NE, (:'olumll ia I'llicig1I!,\l'N Aodi E , 763) 706-36H) WFehst( colm )biaheight-silln,,11 v 590 40th Avenue NE, nkr ua 11c1 "tea, MN Ad&css) 76 706-3674 138 THIS IS A LEGALLY BINDING CONTRACT' BETWEEN BUYER AND BROKER, 139, IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PRCAFESS110NAL, MN 8RC F-4 (8/15)