Agenda - Council - 12/10/2013 - Laserfiche WebLink

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EXCLUSIVE LISTING AGREEMENT THIS EXCLUSIVE LIST] N J AGfEl3MFNT(the 'Agreement"), dated , 2013, is by and between Nordic° Real Estate Services, LLC, i ivlinrtesota limited liability company ("NorlheO') and ("Owner"). Owner is desirous that Northco net as the exclusive listing broker to sell Owner's property ("Property") located at, . The Property consists era building ofapproxiinatety s(Irrare feet and approximately acres of Land. Owner hereby hires Norther} as Owner's exclusive listing agent, to market the Properly for sale a nd Northco hereby accepts such (appointment. The Test of this Agreement shall be fora period of twelve (12) months commencing on the date of this Agreement and terminating twelve (, l2) months from the date of this agreement (`"Term"), Nartlteo hereby agrees to immediately cotnnrence and diligently pursue the extern ion ofmarketing programs towards the sale of the property. Northco shall use reasonable commercial efforts to procure a buyer for the Property and to assist Owner in the negotiation of the sale cif the Property. Northco shall keep Owner advised as to the status ofthe marketing program. The Property shall be offered for sale with an initial list price of $ and upon the miniman sale terms and conditions ofria all cash transaction. Such termsshall be subjectto modification at any time or from time to time as Owner shall agree to, in writing. NOTICE: THE COMMISSION RATE FOR THE, SALE, LEASE, RENTAL OR MANAGEMENT GE REAL PROPERTY SHALL BE DETERMINED RET VECN EACH INDIVIDUAL BROKER AND ITS CLIENT. I1 is further agreed as follows; 1. Owner will refer all inquiries pertaining to the Property to (the "Selling Bakers") during the term o f this Agreement and Northco will diligently market, promote and make proposals to ail such referrals as deemed appropriate by Northco in furtherance of its duties hereunder. 2. In the evens of a sale of all ar a portion (lithe Property during the Term of this Agreement, or any override period, Owner shall pay Northco a commission of five percent (S¢fu) of the Dross Sale Price of the Property. 1 tt the event the ultimate buyer of any part of the Property utilizes a licensed real estate broker other than the selling Brokers (the "Cooperating Broker''), the fore, ing commissions shall he increased by one percentage paint (I%). and Norlhco shall be responsible for paying; my Cooperating Broker's share out ofMorlhco's ooniniission. Nothing herein shall be read ar interpreted to create any rights in any Cooperating lrokcrin or to any commission. Any such agreement must be separately agreed to in writing. "Gross sale price" shall mean the total value of ail consideration paid by, or to be paid by, the purchaser of the property, including, but not limited to cash, notes, contracts, services, incentives, rebates, refunds, cash equivalents, or any other form or manner or cons idemu on. 3. The parties specifically agree that Owner is not obligated tei pay, nor is Northco entitled to receive, any commission unless and until the sale of all or any portion of the Property is closed. Further, Owner shall have the discretion to accept or reject any and all offers received during the term of this Agreement, and shall be tinder no obligation to:Nortlioo to accept any offer presented or any offer ti►']tich would entitle Northco to a commission. 4, If Owner grants an option to purchase the Properly, Owner shall pay Northco a sales commission in the percentage provided herein based on the price paid for the option and for any extensions thereof This commission shrill be pad upon receipt by Seller orally such payments, hi the event such option is exercised. whether- during the term of this Agreement, ar thereafter, Seller shall also pay Northco n sales commission on the gross sales price of the Properly in accordance with the provisions herein, N❑t►vithstandirig the foregoing, to the extent that all or part oldie price paid for the option °rely extension thereof is applied to the sales price of