Regional Sales Contract

REGIONAL SALES CONTRACT

This SALES CONTRACT ("Contract") is made on between ("Purchaser") and ("Seller"), who, among other things, hereby confirm and acknowledge by their initials and signatures herein that by prior disclosure in this real estate transaction Purchaser OR Seller. The Listing Company and Selling Company are collectively referred to as "Broker".

Listing Company represents and Selling Company represents

1. REAL PROPERTY

Purchaser will buy and Seller will sell for the sales price ("Sales Price"), Seller's entire interest in the real property described as follows ("Property"):

TAX Map/ID #    Legal Description:

Lot(s) Block/Square

Section Subdivision or Condominium

Parking Space(s) # County/Municipality

Deed Book/Liber # Page/Folio #

Street Address

Unit # City State Zip Code

2. JURISDICTIONAL ADDENDUM

Jurisdictional Addendum for DC VA MD/County: Other:

3. PRICE AND FINANCING

A. Down Payment $

B. Financing 1. First Trust (if applicable) $

2. Second Trust (if applicable) $

3. Seller Held Trust $

Addendum attached (if applicable)

TOTAL FINANCING $

SALES PRICE $

C. First Deed of Trust Purchaser will Obtain OR Assume a Fixed OR an Adjustable rate First Deed of Trust loan of the following type:

Conventional FHA VA Other:

This contract is not contingent on Financing.

D. Second Deed of Trust Purchaser will Obtain OR Assume a Fixed OR an Adjustable rate Second Deed of Trust loan.

E. Assumption Only Assumption fee, if any, and all charges related to the assumption will be paid by the Purchaser.

If Purchaser assumes Seller's loan(s): (i) Purchaser and Seller will will, OR will not obtain a release of Seller's liability to the U.S. Government for the repayment of the loan by Settlement, (ii) Purchaser and Seller will, will, OR will not obtain substitution of Seller's VA entitlement by Settlement.

4. DEPOSIT

Purchaser has delivered a deposit ("Deposit") to ("Escrow Agent") of $ check and/or $ by note due and payable on

5. DOWN PAYMENT

The balance of the down payment will be paid on or before the Settlement Date by certified or cashier's check or by bank-wired funds.

6. SETTLEMENT

Seller and Purchaser will make full settlement in accordance with the terms of this Contract ("Settlement") on, or with mutual consent before, except as to conduct the Settlement.

7. PROPERTY MAINTENANCE AND CONDITION

Purchaser selects: Contract Date OR Date of home inspection OR Other:

This Contract is contingent upon home inspection(s) and/or other inspections. (Addendum Attached)

Purchaser declines the opportunity to make this Contract contingent upon home inspection(s) and/or other inspections.

8. ACCESS TO PROPERTY

Seller will provide reasonable access to the Property to comply with this Contract.

9. UTILITIES - WATER, SEWAGE, HEATING AND CENTRAL AIR CONDITIONING

Water Supply: Public Private Well Community Well

Sewage Disposal: Public Septic for # BR Community Septic Alternative Septic for # BR:

Hot Water: Oil Gas Elec. Other

10. PERSONAL PROPERTY AND FIXTURES

The Property includes the following personal property and fixtures, if existing. Mark items as applicable:

OTHER

LEASED ITEMS

Air Conditioning: Oil Gas Elec. Heat Pump Other Zones

Heating: Oil Gas Elec. Heat Pump Other Zones

11. FINANCING APPLICATION

Purchaser will make written application for the specified financing and lender required property insurance no later than after the Date of Ratification.

12. ALTERNATE FINANCING

Purchaser may substitute alternative financing and/or an alternative lender for Specified Financing.

13. PURCHASER’S REPRESENTATIONS

Purchaser will will, OR will not occupy the Property as Purchaser’s principal residence.

Selling Company is is, OR is not authorized to disclose financial or credit information.

14. TERMITE INSPECTION

The Purchaser at Purchaser’s expense OR Seller at Seller’s expense will furnish a written report.

15. DAMAGE OR LOSS

The risk of damage or loss to the Property remains with Seller until Settlement.

16. TITLE

Title report and survey, if required, will be ordered promptly. Settlement may be delayed up to 10 business days.

17. POSSESSION DATE

Seller will give possession of the Property at Settlement, including delivery of keys, if any.

18. FEES

Fees for the preparation of the Deed and other charges will be paid according to the terms of the Contract.

19. BROKER'S FEE

Seller irrevocably instructs the Settlement Agent to pay the Broker compensation at Settlement.

20. ADJUSTMENTS

Rents, taxes, water and sewer charges and other operating charges will be adjusted to the day of Settlement.

21. ATTORNEY'S FEES

A. Legal expenses may be recoverable by the non-breaching party.

B. Broker litigation expenses may be indemnified by the party that brought Broker into litigation.

22. PERFORMANCE

Delivery of required funds and executed documents to the Settlement Agent constitutes sufficient tender of performance.

23. DEFAULT

If Purchaser fails to complete Settlement, the Deposit may be forfeited as liquidated damages.

24. OTHER DISCLOSURES

The parties acknowledge the following disclosures and understand they are not intended to create a contingency.

A. PROPERTY CONDITION

Various inspection services and home warranty insurance programs are available.

B. LEGAL REQUIREMENTS

All contracts for the sale of real property must be in writing to be enforceable.

C. FINANCING

Mortgage rates and associated charges vary with financial institutions and the marketplace.

D. BROKER

Broker is retained solely as a real estate agent and not as an attorney or other professional service provider.

E. PROPERTY TAXES

Property tax bills could substantially increase following settlement.

F. PROPERTY INSURANCE

Property insurance is typically required by the lender to secure financing.

25. ASSIGNABILITY

This Contract may not be assigned without written consent of Purchaser and Seller.

26. DEFINITION

A. "Appraisal" means a written appraised valuation of the Property.

B. "Day(s)" or "day(s)" means calendar day(s) unless otherwise specified.

C. All reference to time of day refers to Eastern Time Zone of the United States.

D. Time periods are computed from the Day following Delivery.

E. "Date of Ratification" means the date of final acceptance in writing by Purchaser and Seller.

F. For "Delivery" and "Notices" definitions, see appropriate Jurisdictional Addendum.

G. "Specified Financing" means the loan type(s) and amount(s) specified in the PRICE AND FINANCING paragraph.

H. The masculine includes the feminine and the singular includes the plural.

I. "Possession Date" - See POSSESSION DATE paragraph.

J. "Legal Expenses" means attorney fees, court costs, and litigation expenses.

27. MISCELLANEOUS

This Contract may be signed in one or more counterparts, each considered an original.

28. VOID CONTRACT

If this Contract becomes void and of no further force and effect, both parties will execute a release directing that the Deposit be refunded.

29. HOME WARRANTY

Yes OR No

Home Warranty Policy paid for and provided at Settlement by: Purchaser or Seller.

Cost not to exceed $ . Warranty provider to be

30. TIME IS OF THE ESSENCE AS TO ALL TERMS OF THIS CONTRACT.

31. ENTIRE AGREEMENT

This Contract contains the final and entire agreement of the parties and is governed by the laws of the jurisdiction where the Property is located.

32. ELECTRONIC SIGNATURES

The parties agree to the use of electronic signatures as an additional method of signing and/or initialing this Contract.

Date of Ratification (see DEFINITIONS)

For information purposes only:

32. ELECTRONIC SIGNATURES In accordance with the Uniform Electronic Transactions Act and related legislation, the parties authorize electronic signatures.

Date of Ratification (see DEFINITIONS)