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Keller Williams Classic Realty EXCLUSIVE RIGHT TO SELL LISTING CONTRACT 40. Page 2 41. Property located at 901 11th Ave NW New Brighton, MN 55112 42. Seller authorizes Broker,and any other broker authorized by Broker,to preview and show the Property at reasonable 43. times and upon reasonable notice and agrees to commit no act which might tend to obstruct Broker's performance 44. hereunder.If the Property is occupied by someone other than Seller,Seller shall comply with Minnesota law and any 45. applicable lease provisions of an existing lease and provide tenant with proper notice in advance of any Property 46. showing. 47. NOTICE: THE COMPENSATION FOR THE SALE,LEASE,RENTAL OR MANAGEMENT OF REAL PROPERTY 48. SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND THE BROKER'S CLIENT. • 49. BROKER'S COMPENSATION: 50. Seller agrees to pay Broker a retainer fee of$ •00 at the commencement of this Contract,which 51. fee should be kept by Broker whether or not Seller sells the Property.The retainer fee will apply toward satisfaction of 52. any obligation to compensate Broker. fi 53. Seller shall pay Broker, as Broker's compensation, 6 percent (%) of the selling price or 54. $_ .oo ,whichever Is greater, if Seller sells or agrees to sell the property during the term of this 55. contract.Seller also agrees to pay Broker a$ 299.0e Broker Commission if,Seller sells or agrees to sell the 56. Property during the term of this contract 57. In addition,if before this Contract expires Broker presents a buyer who is willing and able to buy the Property at the 58. price and terms required In this Contract,but Seller refuses to sell,Seiler shall still pay Broker the same compensation, 59. Seller agrees to pay Broker's compensation whether Broker,Seller or anyone sells the Property.Seller hereby permits 60. Broker to share part of Broker's compensation with other real estate brokers,including brokers representing only the 61, buyer.Seller agrees to pay Broker's compensation/commission in full upon the happening of any of the following: 62. 1. the closing of the sale; 63. 2. Seller's refusal to close the sale;or 64. 3. Seller's refusal to sell at the price and terms specified above. 65, If,within i8o days(not to exceed six(6)months)after the expiration of this Contract,Seller sells or agrees to sell 66. the Property to anyone who: 67. 1. during this Contract made inquiry of Seller about the Property and Seller did not tell Broker about the Inquiry; 68. or 69. 2. during this Contract made an affirmative showing of interest in the Property by responding to an advertisement, 70. or by contacting Broker or the licensee involved,or was physically shown the Property by Broker and whose 71. name and address is on a written list Broker gives to Seller within 72 hours after the expiration of this Contract; 72. then Seller shall still pay Broker the compensation noted herein, even if Seller sells the Property without Broker's 73. assistance.Seller understands that Seller does not have to pay Broker's compensation if Seller signs another valid 74. listing contract or facilitator services agreement for this Property after the expiration or cancellation of this Contract, 75. under which Seller is obligated to compensate another licensed real ostate broker. 76. To secure the payment of Broker's compensation,Seller hereby assigns to Broker the gross proceeds from the sale 77. of the Property in an amount equal to the compensation due to Broker under this Contract. 78. COMPENSATION DISCLOSURE: Broker's compensation to cooperating brokers shall be as specified in the MLS 79. unless Broker notifies Seller otherwise in writing. 80. CLOSING SERVICES: 81. NOTICE: THE REAL ESTATE BROKER,LICENSEE REPRESENTING OR ASSISTING SELLER OR REAL ESTATE • 82. CLOSING AGENT HAS NOT EXPRESSED AND,UNDER APPLICABLE STATE LAW,MAY NOT EXPRESS 83. OPINIONS REGARDING THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF THE CLOSING 84. ITSELF. 85. After a purchase agreement for the Property is signed, arrangements must be made to close the transaction.Seller 86. understands that no one can require Seiler to use a particular person In connection with a real estate closing and that 87. Seller may arrange for a qualified closing agent or Seller's attorney to conduct the closing. MN:KWCRERSLC-2(6/12) 1