Fill and Sign the Open Listing Agreement Sales5 Form

When Recorded Mail to:_____________________________________________________________________________________________________________________________________________________________________________________________________ _ OPEN LISTING AGREEMENT SALES5 __________________________________________________________________________________________Effective Date County and State of Real Property__________________________________________________________________________________________BROKERSELLER (Name, Address, Zip Code & Phone)(Name, Address, Zip Code & Phone)__________________________________________________________________________________________General Description of Buildings or ImprovementsPersonal Property Included in Sale __________________________________________________________________________________________Real Property (Address or Location)Matters Affecting Property But Not of Record__________________________________________________________________________________________Real Property (Legal Description)__________________________________________________________________________________________Existing Encumbrances (Nature, Amount, etc.) Title Held by Seller__________________________________________________________________________________________Terms and Conditions of Sale Total Purchase Price(Note if essential or preferred) __________________________________________________________________________________________Listing Period Broker's Commission or Fee Multiple listing Service (MLS)From __________ to _________,[ ] __________% of price of Sale.Seller [ ] does [ ] does notwith a _____ day Carryover Period[ ] Fixed at $ ________________to listing Property with MLSfor a sale to a purchaser shown[ ] Other: property by Broker during Listing Period __________________________________________________________________________________________Additional Provisions ___________________________________________________________________________Signature of BrokerSignature of Seller________________________________________ ___________________________________Signature of BrokerSignature of SellerIN ST R U CTIO NS: P re p are a n d e x ecu te t h is a g re em en t i n d uplic ate .N OTE: T his fo rm a llo w s a sa le b y a n oth er b ro ker o r d ir e ctly b y S elle r w ith out p ay m en t o f c o m mis sio n to th e Bro ker h ere in ._ _ _____ _______________ ______________________________________________________________________ _ STANDARD PROVISIONS 1. O pen L is tin g. I n c o nsid era tio n o f B ro ker's a g re em en t t o u se h is p ro fe ssio nal e ffo rts t o s e cu re a r e ad y, w illin g a n d a b le p urc h ase r f o r t h e Rea l P ro perty a t th e P ric e a n d T erm s a n d C onditio ns o f S ale s d esc rib ed h ere in , S elle r a g re es to g iv e B ro ker a n o pen lis tin g o n th e R eal Pr o perty fo r th e d ura tio n o f th e L is tin g P erio d. It is u nders to od th at th is is n ot a n e x clu siv e lis tin g n or a n e x clu siv e rig ht to s e ll th e Pro perty , a n d th at S elle r is f re e to lis t th e P ro perty w ith o th er b ro k ers a n d s e ll th e P ro perty th ere b y o r to d ir e ctly a n d p ers o nally s e ll th e Pro perty w ith out c o m pen sa tio n to B ro ker h ere in , u nle ss th e s a le is to a p urc h ase r f ir s t s h ow n th e P ro perty b y B ro ker. F urth erm ore , a n y sale o r e x ch an ge m ad e w ith in t h e C arry over P erio d t o a p urc h ase r w ho w as s h ow n t h e S ubje ct R eal P ro perty b y B ro ker d urin g t h e L is tin g Perio d w ill b e t r e a te d a s a " sa le b y B ro ker w ith in t h e L is tin g P erio d" a n d B ro ker w ill b e e n title d t o h is f u ll c o m mis sio n t h ere fo re .2 . B ro ker's O bli g atio n. In fu rth era n ce o f th e a b ove, B ro ker a g re es to u se h is p ro fe ssio nal e ffo rts to s e cu re a re ad y, w illin g, a n d a b le pu rc h ase r f o r t h e R eal P ro perty a t t h e P ric e a n d T erm s a n d C ondit io ns o f S ale d esc rib ed h ere in , a n d s p ecif ic ally a g re e: a . T o c are fu lly i n sp ect t h e P ro perty a n d s e cu re a d eq uate i n fo rm atio n r e g ard in g i t.b . T o a d vertis e th e P ro perty f o r s a le , a n d, if s o a g re ed b y S elle r a n d s o in dic ate d o n th e r e v ers e s id e h ere o f, to lis t a n d b ro ch ure th e p ro perty w ith t h e m ultip le l is tin g s e rv ic e ( M LS) w hic h o pera te s i n t h e a re a o f t h e P ro perty .c. T o p erm it th e S elle rs to te rm in ate a n d c an cel th is lis tin g a g re em en t w ith in th e L is tin g P erio d in re tu rn fo r p ay m en t o f th e ag re ed C om mis sio n o r F ee. 3 . S elle r's O blig atio ns. In fu rth era n ce o f th e a b ove, S elle r a g re es to c o opera te w ith B ro ker in h is p ro fe ssio nal e ffo rts a n d s p ec if ic ally ag re es: a . T o p ro vid e B ro ker w ith ad ditio nal in fo rm atio n co ncern in g th e R eal P ro perty as n ecessa ry , p artic u la rly th e in fo rm atio n req u ir e d b y t h e m ultip le l is tin g s e rv ic e, i f S elle r h as c o nse n te d t o i t s u se .b . T o a llo w B ro ker to p la ce o n th e P ro perty h is r e al e sta te s ig n in k eep in g w ith th e a p plic ab le c o unty r e g ula tio ns a n d m unic ip al or d in an ce s.c . T o p erm it B ro ker t o s h ow t h e P ro perty t o p ro sp ectiv e p urc h ase rs a t r e aso nab le h ours .d . T o p erm it B ro ker to a ccep t f ro m p ro sp ectiv e p urc h ase rs o n S elle r's b eh alf e arn est m oney o r d ep osits a g ain st th e P ric e a n d to issu e a r e ceip t t h ere fo re .e. T o e n te r i n to a w ritte n a g re em en t w ith a p urc h ase r s e c u re d b y B ro ker w ho i s r e ad y, w illin g, a n d a b le t o p urc h ase t h e P ro perty at t h e P ric e a n d T erm s o f S ale .f. T o c lo se e sc ro w a n d/o r g iv e o ccu pan cy w ith in 9 0 d ay s o f t h e e x ecu tio n o f t h e p urc h ase c o ntr a ct.g . T o p ro vid e m ark eta b le title w ith in th e e sc ro w p erio d b y f u rn is h in g title in su ra n ce, w here a p plic ab le , a n d th e a p pro pria te title co n vey in g d eed s o r o th er d ocu m en ts .h . T o p ay to B ro ker h is C om mis sio n o r F ee a t th e c lo se o f e sc ro w a n d to p erm it e sc ro w o ffic er to p ay s u ch C om mis sio n o r F ee dir e ctly f ro m t h e p ro ceed s o f t h e s a le i f s u ffic ie n t f u nds a re a v aila b le t h ere in . 4 . B ro ker's W arra n tie s. B ro ker w arra n ts th at h e is d uly lic en se d b y th e A riz o na S ta te R eal E sta te D ep artm en t a s a b ro ker, a n d h is sa le sp ers o ns a re s im ila rly l ic en se d a s s a le sp ers o ns.5 . S elle r's W arra n tie s. S elle r w arra n ts t h at h e i s t h e o w ner o f t h e R eal P ro perty a n d h old s t itle a s i n dic ate d h ere in .6 . G en era l P ro vis io ns. T he p artie s in co rp ora te b y th is r e fe re n ce th e te rm s o f th e C O NTR A CTU AL B IL L O F R IG HTS F O R A RIZ O NA as t h ough f u lly s e t f o rth h ere in .