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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-01
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45 lines
REAL ESTATE BROKERAGE- EXCHANGE AGREEMENT
Anne Barkley, referred to as OWNER, and Cristopher Daly,
referred to as BROKER, agree:
OWNER owns property described as:
Lot 304, Shady Brook Acres subdividion
which OWNER desires to exchange for:
Like kind property, with no more than $ 500 ( five hundred &
no/100 dollars) boot required to be paid by OWNER, and no more
than $ 200 ( two hundred & no/100 dollars) boot to be received by
OWNER. The transaction procured by BROKER shall qualify for a tax
free exchange for OWNER, subject to the limitations of boot
described above.
BROKER is herewith appointed to act as exclusive agent to
negotiate an exchange for a period of 180 days, under the terms
and conditions stated above. Should BROKER procure an exchange,
meeting the criteria stated above BROKER shall be entitled to
compensation as follows:
A minimum commission of $10 ( ten & no/100 dollars); and 20 per
cent of boot received (if any).
Dated: January 3, 1995
_____________________________________________
Anne Barkley, OWNER
_____________________________________________
Cristopher Daly, BROKER