11.02 Close Converse Commercial Listing Contract

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COMMERCIAL LISTING CONTRACT: EXCLUSIVE 43. Page 2 44. Property located at Approx 85 acres known as The Heart of the Good Life Development 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? �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 estimate the value of a property based 56. upon data from public records, MLS, and other sources, and incorporating certain assumptions. The 57, accuracy of AVMs has sometimes been criticized because they do not take into consideration all relevant 58. factors in valuing a property.Seller and/or Lessor, by selecting"No,"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? ❑Yes �No 62. Option 4. Comments or reviews of the Property by persons other than the displaying broker may be displayed 63. with or attached as a link to the listing data of the Property. Some VOWs or IDX sites may provide 64. functionality that permits the customers/clients using the VOW or IDX site to enter comments or reviews 65. with the listing or by hyperlink to such comments or reviews.Note that the broker displaying the listing on 66. his or her VOW or IDX site may add commentary representing his or her professional judgment regarding 67. the listing's value, etc. 68. Shall comments or reviews of the Property by persons other than the displaying 69. broker be displayed with or attached as a link to the listing data of the Property? ❑Yes �No 70. SELLER'S AND/OR LESSOR'S OBLIGATION: It is agreed that Seller and/or Lessor shall promptly furnish Broker 71. with complete information concerning any person who during the period of this Contract makes inquiry to Seller and/ 72. or Lessor regarding the sale, exchange, or lease of the Property. 73. #-##�e-��epe�+s ssld,�elle��j�--a�ees-�e#t►+'�is� -a� � , -A��ac� �4. er-��*°�T° ' , �ate;-te--ir�sl�e�eqe�sea� ' -a+�d-s#a�e ��: a�d-#e�era��e►��s-a�+� �-�er�s�-te �e-exa�e�- �e-R�s�e��#e-t#�e 76. �+ye�-a�d-ar�y -a��be�e�sd-te se�s�aa�ate-�►a-sa�e' � �k►e-te�s�beve �7. dss+g�ated��+vit#-�#e#er�s-te vv#i�k+�elJe�� . 78. Seller and/or Lessor further agrees to promptly notify Broker of any notices pertaining to the Property which are hereafter 79. received during the term of this 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. Properry and to remove all other"For Sale"and/or"For Lease"signs from the Property during the period of this Contract. 82. Seller and/or Lessor shall permit Broker to place information on the Minnesota Commercial Property Exchange("MCPE") 83. or other type of multiple listing service forum("MLS")and the Internet concerning the Property. Upon final acceptance 84. of a purchase and/or lease agreement, Seller and/or Lessor allows Broker to withdraw the Property from the market. 85. Broker may notify the MCPE or MLS and member REALTORS�of the price and terms of the sale and/or lease. 86. Seller and/or Lessor has the full legal right to sell and/or lease the Property. 87. Seller and/or Lessor certifies that as of the date of execution of this Contract, Seller and/or Lessor has not received 88. any notice of building,health,or fire code violations,nor vacant building registration notification,nor notice of hazardous 89. waste on the Property, nor notice of condemnation pertaining to the Property, except as herein noted (if none, state 90. "none"): None 91. 92. ' M I N N E S O 7 A MNC:LC:E-2(8/19) REALTORS i....__..a. _. �