Real Estate Agency Relationships

REAL ESTATE AGENCY RELATIONSHIP AGREEMENT

Parties

Client Name:

Brokerage Firm Name:

Property Identification

Appointment, Authority, and Agency Type

The Client hereby appoints the Brokerage as the Client's real estate agent with the authority described below for the identified property. The selected agency relationship applies to transactions concerning the Property during the Term below. The Brokerage accepts appointment and agrees to perform the duties set forth in this Agreement.

Seller's Agent

Buyer's Agent

Dual Agent (Brokerage represents both buyer and seller)

Transaction Broker (limited agency duties)

Term

Effective Date:    Termination Date:

This Agreement automatically terminates at the Termination Date unless earlier terminated in accordance with the termination provisions below.

Duties of the Brokerage

The Brokerage will: exercise reasonable skill and care in marketing the Property and representing the Client's interests consistent with the selected agency type; disclose material defects actually known to the Brokerage; present all offers and counteroffers promptly; and maintain confidentiality of Client information except as required by law or with Client's written authorization.

Duties of the Client

The Client will: provide accurate property information and disclosures; cooperate with reasonable marketing and showings; refer all third-party inquiries about the Property to the Brokerage; and promptly notify the Brokerage of any changes in circumstances that may affect representation.

Compensation and Commission

The Client agrees to pay the Brokerage compensation as set forth below. Compensation is earned when a ready, willing, and able buyer is procured or as otherwise provided by a sale contract executed during the Term or any protection period below.

Who pays commission:

Commission shall be payable at closing unless otherwise agreed in writing. If a transaction fails due to Client's breach, Brokerage may be entitled to its earned commission or damages to the extent permitted by law.

Dual Agency and Conflict Disclosures

When the Brokerage represents both buyer and seller in the same transaction, material conflicts may arise. Dual agency limits the Brokerage's ability to advocate exclusively for either party. The Brokerage will not disclose confidential information of either party unless required by law or authorized in writing.

Client acknowledges: I have read the dual agency disclosure and:

Acknowledge only; do not consent to dual agency.

Consent to dual agency representation by the Brokerage when both parties agree in writing.

Disclosures and Known Conditions

The Brokerage relies on Client disclosures and public records. The Client represents that, to the best of Client's knowledge, the following statements are true as of the Effective Date:

Lead-based paint present? Yes    No

Known mold or water intrusion? Yes    No

Prior material structural or fire damage? Yes    No

Confidentiality

Except as otherwise required by law, Brokerage will keep confidential all material information provided by the Client that is not generally known. The Client acknowledges that Brokerage may disclose confidential information to cooperating brokers, counsel, title companies, and lenders as necessary to effectuate a transaction.

Termination; Protection Period

Either party may terminate this Agreement by written notice to the other party for material breach. If a prospective purchaser or lessee introduced by Brokerage executes a purchase agreement within 60 days after termination, Brokerage shall remain entitled to commission if the transaction results from Brokerage's efforts during the Term, unless otherwise agreed in writing.

Default and Remedies

Upon failure of a party to perform a material obligation under this Agreement, the non-breaching party may pursue available remedies at law or in equity, including contract damages and specific performance to the extent permitted by law. The prevailing party shall be entitled to reasonable attorneys' fees and costs if provided by statute or contract.

Notices

Governing Law; Entire Agreement

This Agreement shall be governed by the laws of the state where the Property is located without regard to conflict of law principles. This Agreement constitutes the entire agreement between the parties with respect to the subject matter and supersedes prior oral or written agreements. This Agreement may be amended only by a written instrument signed by both parties.

Acknowledgment and Certification

The Client and Brokerage each certify that they have authority to enter this Agreement, have read and understand its terms, and acknowledge receipt of a copy of this Agreement upon execution. The Client further certifies that all information provided to the Brokerage is true and complete to the best of Client's knowledge.

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