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REAUCT.BLD
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1997-07-22
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#4800
@001 State the name of the owner of the property:
~Enter the name of the person who is selling the property
@002 State the name of the broker:
~Enter the name of the broker who is getting the listing.
@480 Please state the legal description of the property:
~Enter the legal description of the property; this is NOT the
~same as the address. This should either be a metes and bounds
~description of the property, or if the property is platted, a
~lot and block number.
@130/@130/@130 Please state the number of days of the listing:
~Enter the number of days for the listing; select from 30, 90
~or select "KEY IN VALUE" for another value
30
90
KEY IN VALUE
|600 Enter the approximate date for the auction:
~Enter the target date for the auction.
#5000/#5001 The auction shall be:
~Select whether or not the auction will be without reserve (the
~highest bid must be accepted) or with reserve (the owner can
~refuse to sell if the highest bid is not enough.)
without reserve
with reserve
#if#5001
!777 Enter the amount above which bid must be accepted.
~Enter, in dollar format, the amount above which the highest bid
~must be accepted.
#endif
#4802 Will the broker place a sign on the property?
~Select "yes" if the broker may place their sign on
~the property throughout the term of the listing until
~closure.
#4803
@483 State the percent commission (spell out):
~Enter the amount of the commission in words; for example,
~"six"; do not use the "%" sign
@484 State the percent commission in numbers:
~Enter the amount of the commission in numeric form, such as
~7; do not use the % sign
#end control section
#4800
/* Para. 4800: R.E. Broker- Auction */
REAL ESTATE BROKERAGE AGREEMENT- EXCLUSIVE
@001, referred to as OWNER, in consideration for the services
performed to date and to be performed, herewith appoints @002,
referred to as BROKER, as the exclusive agent for the sale of the
following described real estate, on the terms and conditions set
forth below, the following real property:
@480
BROKER agrees to diligently and in accordance with all
applicable regulations and laws to seek to find a buyer for the
property. This exclusive listing shall expire @130 days after
commencement. The sale shall be conducted via a public auction to
be held on or about |600, at a time to be decided by mutual
agreement. The BROKER shall nevertheless be entitled to the
compensation provided for herein in the event that the BROKER
obtains a buyer who is ready, willing and able to purchase the
property prior to the auction, which offer is accepted by the
OWNER.
#5000
The auction shall be held without reserve. The OWNER agrees to
execute a contract for sale and purchase with the highest and
best bidder at the auction for cash. The successful bidder shall
be required to post a deposit of at least 20% of the purchase
price.
#5001
The auction shall be held with reserve. The OWNER agrees to
accept the highest and best bid above $@777 (!777 dollars) at the
auction. In the event that no bid is made above $@777 (!777
dollars) the OWNER shall be entitled to withdraw the property
from the auction. Should OWNER sell the property to any bidder at
the auction within 90 days of the auction, BROKER shall be
entitled to the agreed upon commission.
#4802
/* Para. 4802: Sign */
BROKER may place a sign during the term of this listing on
the property stating that it is the broker herein, and OWNER
agrees to allow the sign to be kept during the term of the
listing and to allow BROKER access to the same for maintenance.
During a period when a closing is pending, the BROKER may
continue to place a sign indicating the same.
#4803
/* Para. 4803: Closer */
OWNER agrees to pay a commission of @483 percent (@484 %) of the
sales price, if (1) BROKER procures a buyer who is ready, willing
and able to purchase the premises upon the terms stated above;
(2) BROKER procures a buyer to whom OWNER in fact sells or trades
the property; (3) during the terms of the listing, the property
is sold through a buyer procured by others. A commission as
provided shall be due if BROKER procures a buyer that purchases
the property on other terms acceptable to the OWNER.
Should a purchaser procured by BROKER default, and if any
deposit, escrow or earnest money is forfeited or received by
OWNER, OWNER shall pay fifty percent (50%) of the same to the
BROKER as compensation, but in no event an amount in excess of
the commission earned on the transaction had it closed.
OWNER represents and warrants that it has disclosed all defects
in the property to the BROKER and BROKER acknowledges an
opportunity to fully inspect the premises.
Dated: _________________________
___________________________________
@001, OWNER
___________________________________
@002, BROKER