Transcription of FOR SALE BY OWNER COMMISSION AGREEMENT & AGENCY …
1 FOR SALE BY OWNER COMMISSION AGREEMENT & AGENCY DISCLOSUREThis is a legally binding contract. If you desire legal or tax advice, consult your attorney or tax (the"Company"),including(the"Agent")asth eauthorizedagentfortheCompany,and(the"Se ller")forrealpropertyownedbySellerdescri bedasfollows:(the " property "). ,irrespectiveofagencyrelationship(s),asc ompensationforservices,aBrokerageFeeinth eamountof$or%oftheacquisitionpriceoftheP roperty,iftheSelleracceptsanofferfrom(th e"Buyer"),oranyoneactingontheBuyer'sbeha lf, ,fromtheproceedsoftheSeller,onthedateofr ecordingofclosingdocumentsforthepurchase orexchangeofthePropertybytheBuyeroranyon eactingontheBuyer' ,theBrokerageFeeshallimmediatelybedueand payable to the ,thePropertyisacquiredbytheBuyer,oranyon eactingontheBuyer'sbehalf,theSelleragree stopaytheCompanytheBrokerageFeestatedinS ection2.
2 The seller agrees to exempt the Buyer upon entering into a valid listing AGREEMENT with another " seller " ,lease, ,andtopayatSettlement,forastandardcovera geowner 'sknowledgeofthe condition of the property . The seller agrees to personally complete and sign a seller 's property Condition Disclosure ,theSelleracknowledgesandagreesthattheAg entandthePrincipal/BranchBrokerfortheCom pany(the"Broker") 'sAgent,theywillactconsistentwiththeirfi duciarydutiestotheBuyerofloyalty,fulldis closure,confidentiality, , ,eventhosethatassisttheSellerinperformin gorcompletinganyoftheSeller scontractualorlegalobligations, the Buyer, nor does it authorize the Company or the Agent to solicit offers from any other person or ,northeAgentaretrainedtoprovidetheSeller oranyprospectivebuyerwithlegalortaxadvic e, :(i)pastorpresentcompliancewithzoningand buildingcoderequirements;(ii)legalortaxm atters;(iii)thephysicalconditionofthePro perty;(iv)thisCommissionAgreement.
3 Or(v)anytransactionfortheacquisitionofth eProperty, ,THESELLERISACTINGCONTRARYTOTHEADVICE OF THE ,arisingpriortoorafteraclosingrelatedtot hisCommissionAgreement, , ,theotherproceduresandremediesavailableu nderthisAgreementshall ,inanyactionorproceedingarisingoutofthis CommissionAgreementinvolving the seller and/or the Company, the prevailing party shall be entitled to reasonable attorney fees and to the following Multiple Listing []ARE[] "yes",seeAddendum, incorporated into this COMMISSION AGREEMENT by this ,State, 1 of (fax)transmissionofasignedcopyofthisComm issionAgreement,andretransmissionofasign edfax, in ,includingtheSeller'sPropertyConditionDi sclosureform, not be modified or amended except in writing signed by the parties UNDERSIGNEDdo hereby agree to the terms of this COMMISSION AGREEMENT as of the date first above written.
4 ( seller 's Name)( seller 's Name)The CompanyBy:(Authorized Agent)By:(Principal/Branch Broker)This form is COPYRIGHTED by the UTAH ASSOCIATION OF REALTORS for use solely by its members. Any unauthorized use, modification, copying or distribution without written consent is REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY SPECIFIC TRANSACTION. IF YOU DESIRE SPECIFIC LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE UTAH ASSOCIATION OF REALTORS -- 2000 -- REVISED -- ALL RIGHTS RESERVEDUAR FORM 8 BPage 2 of 2
