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11.02 Close Converse Commercial Listing Contract
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04-07-2020 City Council Meeting
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11.02 Close Converse Commercial Listing Contract
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COMMERCIAL LISTING CONTRACT: <br /> EXCLUSIVE <br /> 93. Page 3 <br /> 94. Property located at Approx 85 acres known as The Heart of the Good Life Development <br /> 95. Access to the Property:To facilitate the showing and sale and/or lease of the Property, Seller and/or Lessor authorizes <br /> 96. Broker to: <br /> 97. � access the Property; <br /> 98. � authorize other brokers and their salespersons, inspectors,appraisers,contractors,and other industry professionals <br /> 99. to access the Property at reasonable times and upon reasonable notice;and <br /> 100. ❑ duplicate keys to facilitate convenient and efficient showings of the Property. <br /> 101. Authorizing access means giving Broker permission to: <br /> 102. 1. authorize the above-referenced persons to enter the Property,with or without a licensed salesperson present; <br /> 103. 2. disclose any security codes necessary to enter the Property;and <br /> 104. 3. lend a key to enter the Property, directly or through a lockbox. <br /> 105. Seller and/or Lessor agrees to commit no act which might tend to obstruct Broker's performance. If the Property is <br /> 106. occupied by someone other than Seller and/or Lessor, Seller and/or Lessor shall comply with Minnesota law and <br /> 107. applicable lease provisions of an existing lease and provide tenant with any required notice in advance of any Property <br /> 108. showing. <br /> 109. Seller and/or Lessor understands that prospective buyers/tenants and others authorized to access the Property may <br /> 110. record the Property by photograph, video, or other medium while accessing the Property. <br /> ��1: �iEGAF�BIN6��#�€�Q,,-.�.��Q�a/:�elle�a�ler�esse��+r�derstar�s##�a��1APJ�ia�ute�2§A�-spes+#+salt��ib+ts <br /> �-1� -�#ae i�ter�tie�e#�a4 . . . �e��se�i-e#a�least�►e e€t#ae-�we�ariies te##�e . . <br /> 1��: �eueca�dlo���ssc�skac�:�tdseeka{�pKspx+a�e�adv;se-Fega�dir�gcec�l+arace�nrc###kFis-s�a�t�+��e�le�ar�ec�ssser <br /> ��4: +n#er�s#e�t+liae�es4�ne4egy##aE�' be#�reeq ��e�-�-esse�. <br /> 115. SELLER AND/OR LESSOR CONTENT LICENSE: In the event Seller and/or Lessor provides content, including, but <br /> 116. not limited to, any photos or videos of the Property ("Seller and/or Lessor ContenY') to Broker, Seller and/or Lessor <br /> 117. grants to Broker a nonexclusive,perpetual,world-wide,transferable, royalry free license to sub-license(including through <br /> 118. multiple tiers), reproduce, distribute, display, perform, and create derivate works of the Seller and/or Lessor Content. <br /> 119. Seller and/or Lessor represents and warrants that Seller and/or Lessor has authority to provide Seller and/or Lessor <br /> 120. Content and Seller and/or Lessor Content does not violate any restrictions regarding use including any third-party intellectual <br /> 121. property rights or laws. Seller and/or Lessor agrees to execute any further documents that are necessary to effect this license. <br /> 122. NOTICE: THE COMPENSATION RATE FOR THE SALE, LEASE, RENTAL, OR MANAGEMENT OF REAL <br /> 123. PROPERTY SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND ITS CLIENT. <br /> 124. BROKER'S COMPENSATION: (Fill in all blanks.) <br /> 125. COMPENSATION FOR SALE: (To be completed only if Property is being offered for sale.) Seller shall pay Broker a <br /> 126. retainer fee of$ when Seller signs this Contract.Broker shall keep this fee even if Seller <br /> 127. does not sell the Property. It is further agreed that Seller shall pay Broker a brokerage fee of: (Check any that apply.) <br /> 12g. ❑ percent (%) of the price for which the Property is sold or exchanged; <br /> 129. ❑ $ ' <br /> 130. ❑ $ <br /> per square foot; <br /> 131. � OTHER: The commission shall be the great of 7% of the purchase price or$5,000 per transaction. <br /> 132. <br /> 133. ' <br /> 134. upon the occurrence of any of the following conditions, identified in lines 151-199. <br /> MNC:LC:E-3(8/19) <br /> M I N N E S O T A <br /> REALTORS <br /> �__...__...� <br />
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