Multiple Listing Service: Placing the Property in a multiple listing service (the “MLS”) is beneficial to Seller because the Property will be exposed to a large number of potential buyers. Broker Obligations: Broker agrees to make diligent and continued efforts to sell the Property in accordance with this Agreement until a sales contract is pending on the Property. (c) Seller Expenses: Seller will pay mortgage discount or other closing costs not to exceed _% of the purchase price and any other expenses Seller agrees to pay in connection with a transaction.Ĥ. You are advised to consult with a legal or mortgage professional to make this determination. It is beyond the scope of a real estate licensee’s authority to determine whether the terms of your Seller financing agreement comply with all applicable laws or whether you must be registered and/or licensed as a loan originator before offering Seller financing. (2) Extensive regulations affect Seller financed transactions. Seller will ensure that all mortgage payments and required escrow deposits are current at the time of closing and will convey the escrow deposit to the buyer at closing. Check with your lender to determine the extent of your liability. Notice to Seller: (1) You may remain liable for an assumed mortgage for a number of years after the Property is sold. Lender approval of assumption _ is required _ is not required _ unknown. The mortgage is for a term of _ years beginning in _, at an interest rate of _% _ fixed _ variable (describe) _. _ Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ _ plus an assumption fee of $ _. _ Seller Financing: Seller will hold a purchase money mortgage in the amount of $ _ Price and Terms: The property is offered for sale on the following terms or on other terms acceptable to Seller: (a) Price: $5,000,000 (b) Financing Terms: _ Cash _ Conventional _ VA _ FHA _ Other (specify) _ Seller certifies and represents that she/he/it is legally entitled to convey the Property and all improvements.ģ. This Property will be offered to any person without regard to race, color, religion, sex, handicap, familial status, national origin, or any other factor protected by federal, state, or local law. Seller and Broker acknowledge that this Agreement does not guarantee a sale. Upon full execution of a contract for sale and purchase of the Property, all rights and obligations of this Agreement will automatically extend through the date of the actual closing of the sales contract. Authority to Sell Property: Seller gives Broker the EXCLUSIVE RIGHT TO SELL the real and personal property (collectively “Property”) described below, at the price and terms described below, beginning and terminating at 11:59 p.m. Exclusive Right of Sale Listing Agreement This Exclusive Right of Sale Listing Agreement (“Agreement”) is between Ann Windsor (“Seller”) and South Florida Realty (“Broker”).
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