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Keller Williams Classic Realty EXCLUSIVE RIGHT TO SELL LISTING CONTRACT 86. Page 3 • 901 11th Ave NW New Brighton, MN 55112 89. Propertylocated at • 90. Seller's choice for closing services.(initial one.) 91. Seller wishes to have Broker arrange for the closing. (Seaer) (Seller) 92. Seller shall arrange for a qualified closing agent or Seller's attorney to conduct the closing. (Seller) (Seller) 93. ADDITIONAL COSTS: Seller acknowledges that Seller may be required to pay certain dosing costs, which may 94. effectively reduce the proceeds from the sale. 95. Seller understands that mortgage financing services are usually paid for by buyer;however,certain insured government 96. loans may require Seller to pay a portion of the fees for the mortgage loan.Seller understands that Seller shall not be 97. required to pay the financing fees on any mortgage without giving Seller's written consent. 98. WARRANTY:There are warranty programs available for some properties which warrant the performance of certain 99_ components of a property,which warranty programs Seller may wish to investigate prior to the sale of the Property. 100. AGENCY REPRESENTATION: If a buyer represented by Broker wishes to buy the Seller's Property, a dual 101. agency will be created.This means that Broker will represent both the Seller and the buyer, and owe the same 102. duties to the buyer that Broker owes to the Seller.This conflict of interest will prohibit Broker from advocating exclusively 103. on the Seller's behalf.Dual agency will limit the level of representation Broker can provide.If a dual agency should arise. • 104. the Seller will need to agree that confidential Information about price, terms, and motivation will still be kept 105. confidential unless the Seiler instructs Broker in writing to disclose specific information about the Seller. All other 106. information will be shared. Broker cannot act as a dual agent unless both the Seller and the buyer agree to it. By 107. agreeing to a possible dual agency,the Seller will be giving up the right to exclusive representation in an in-house transaction. 108. However, if the Seller should decide not to agree to a possible dual agency,and the Seller wants Broker to represent 109. the Seller,the Seller may give up the opportunity to sell the Property to buyers represented by Broker. 110. Seller's Instructions to Broker: 111. Having read and understood this Information about dual agency,Seller now instructs Broker as follows: 112. X Seller will agree to a dual agency representation and will consider offers made by buyers represented by 113. Broker. 114. Seller will not agree to a dual agency representation and will not consider offers made by buyers represented 115. by Broker. 116. Real Estate Company Name: _ Keller Williams Classic Realty 117. Seller: CITY OF NEW BRIGHTON 116. By: l� gde) Seller: 1 119. Richard Bandimere Date: 120. OTHER POTENTIAL SELLERS: Seller understands that Broker may list other properties during the term of this 121. Contract.Seller consents to Broker representing or assisting such other potential sellers before,during and after the 122. expiration of this Contract. 123. PREVIOUS AGENCY RELATIONSHIPS:Broker or licensee representing or assisting Seller may have had a previous 124. agency relationship with a potential buyer of Seller's Property.Seller acknowledges that Seller's Broker or licensee 125. representing or assisting Seller is legally required to keep Information regarding the ultimate price and terms the buyer 126. would accept and the motivation for buying confidential,if known. 127. INDEMNIFICATION: Broker will rely on the accuracy of the Information Seller provides to Broker. Seller agrees 128. to indemnify and hold harmless Broker from and against any and all claims,liability, damage or loss arising from any 129. misrepresentation,misstatement,omission of fact or breach of a promise by Seller.Seller agrees to indemnify and hold 130. harmless Broker from any and all claims or liability related to damage or loss to the Property or its contents, or any 131. injury to persons in connection with the marketing of the Property.Indemnification by Seller shall not apply if the damage, 132. loss or injury Is the result of the gross negligence or willful misconduct of the Broker. MN:KWCRERSLC-3(5l12) �1N 7