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HomeMy WebLinkAbout00411C - INGRID BADDOUR REALTY PROPERY BROKER COMPENSATION AGR Ingrid Baddour 6 Associates • `Compensation Agr AGREEMENT #411C � CALIFO It.NIA R1113, 10-18-00 4L q ASSOCIATION SINGLE PARTY.COMPENSATION AGREEMENT OF REALTORSO fitG �r ;� U/ ��%titr 2/ n°G� r���L✓r LUPME/�r �� ���� iljS("Broj and ("Broker'), agree as follows with regard to the real property in the City of -PfYL4L4 _ �41�2 i /AJCzs County of V�-r-Q- California,described as 1 11 1, 75 (�C LPJ I�}F— Si ,) �J��= 1= Si �/ f / 3 �3z rop`�ty�lj�— 1. COMPENSATION TO BROKER: Notice: The amount or rate of real estate commissions is not fixed by law. They are set by each Broker individually and may be negotiable between the Seller and Broker. Seller agrees to pay Broker, irrespective of agency relationships, either'4, 10 percent of the sales price or ❑ $ as follows: �.� A. If Seller accepts an offer from j , ("Buyer") to purchase or exchange the Property during the period commencing on (date) - l'S 'O and expiring at 11:59 P.M. on (date) i ram- 1:?- --76 ("Compensation Period"). B. Buyer includes any person or entity related to Buyer, or who in any manner acts in Buyer's behalf, including, it Buyer is a corporation or partnership, any person or entity in which Buyer has a legal or beneficial Interest, or which has a legal or beneficial interest in Buyer. C. Seller hereby irrevocably assigns to Broker the above compensation from Seller's funds and proceeds in escrow. D. In event of an exchange, Broker will disclose it Broker is also collecting compensation from additional parties. E. Seller warrants that Seller has no obligation to pay compensation to any other broker regarding the sale or exchange of Property to Buyer. F. This Agreement shall remain binding, even if, during Compensation Period, Seller enters into a listing agreement with any broker to sell Property. L. AGENCY RELATIONSHIPS: A. If the Property includes residential property with one-to-four dwelling units, Broker shall give Seller an agency disclosure form prior to presenting an offer to purchase. B. (Check one) In the transaction: 1. ❑ Broker will act as agent for Seller exclusively in any resulting transaction. OR 2.0'Broker will act as dual agent representing both Buyer and Seller in any resulting transaction. OR 3. ❑ Broker will act as agent for Buyer exclusively in any resulting transaction. Seller agrees and understands that all acts of Broker, even those which assist Seller in performing or completing any of Seller's contractual or legal obligations, are intended for the benefit of Buyer exclusively. Seller is advised to seek real estate, legal, lax, insurance, and all other desired assistance from other appropriate professionals. C. This Agreement does not require Broker to solicit offers on the Property from Buyer, nor does It authorize Broker to solicit offers from any other person or entity. 3. EQUAL HOUSING OPPORTUNITY: The Property is offered in compliance with federal, slate, and local anti-discrimination laws. 4. APPLICABLE LAWS: Seller agrees to comply with all applicable federal, state, and local laws and regulations regarding sale of Property. 5, ATTORNEYS FEES: In any action, proceeding,or arbitration between Seller and Broker regarding the obligation to pay compensation under this Agreement, the prevailing Seller or Broker shall be entitled to reasonable altorney's fees and costs. 6. OTHER TERMS AND CONDITIONS:��t C 7. ENTIRE CONTRACT: All prior discussions, negotiations, and agreements between the parties concerning the subject matter of this Agreement are superseded by this Agreement, which constitutes the entire contract and a complete and exclusive expression of their Agreement and may not be contradicted by evidence of any prior agreement or contemporaneous oral agreement.This Agreement and any supplement, addendum, or modification, including any photocopy or facsimile, may be executed in counterparts. j� • %, Dated s� Seller Date -Seller4 ecutiv as dre Address 4 City State Zip City State Zip R,, ",per Real Estate Broker (Firm)J—A-G211� ���- L ',�,(�i`P�!"c�l,!-Q�,t, Date Address I /y • 1l�Wv`�' oa'v�ly l-K�J Telephone 71�� 7(„d ax THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO°(C.A R) NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS.IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL This form is available for use by the entire real estate industry.II is nor intended to identify the user as a REALTORO.REALTORI is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS®who subscribe to Its Code of Ethics. The copyright laws of the United States(17 U.S.Code) forbid the unauthorized reproduction of this form by any means,Including facsimile or computerized formals. Copyright 0 1997,CALIFORNIA ASSOCIATION OF REALTORS® n�m Published and Distributed by: Hr'APVED aV TH5 CQAQJUX1 IqM EONLY e REAL ESTATE BUSINESS SERVICES,INC. �w ^ geviewea y Broker e subsidiary of the CALIFORNIA ASSOCIATION OF REAL7�� C�i' B,v R�3. p,!y}�� or Designee 525 South Vlrgll Avenue,Los Angeles,California 90020 '/11 VV PRINT DATE ////���� a e �WP OffNNfry R OCT 97 iq 411e, P.r11,.1�1'r '. CLOSURE REGARDING . REAL ATE AGENCY RELATIONSHIPS (As required by the Civil Code) CALIFORNIA ASSOCIATION OF.REALTORS- (C.A.R.)STANDARD FORM hen you enter into a discussion with a real estate agent regarding a real estate transaction,you should from the outset understand what type of ency relationship or representation you wish to have with the agent in the transaction. SELLER'S AGENT A Seller's agent under a listing agreement with the Seller acts as the agent for the Seller only.A Seller's agent or a subagent of,that agent has the following affirmative obligations: To the Seller: A Fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Seller. To the Buyer and the Seller: (a) Diligent exercise of reasonable skill and care in performance of the agent's duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to,or within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties set forth above. BUYER'S AGENT A selling agent can,with a Buyer's consent,agree to act as agent,for the Buyer only. In these situations,the agent is not the Seller's agent, even if by agreement the agent may receive compensation for services rendered,either in full or in part from the Seller.An agent acting only for a Buyer has the following affirmative obligations: TO the Buyer: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Buyer. To the Buyer and the Seller: (a) Diligent exercise of reasonable skill and care in performance of the agent's duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to,or within the diligent attention and observation of,the parties. An agent Is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties set forth above. AGENT REPRESENTING BOTH SELLER & BUYER A real estate agent,either acting directly or through one or more associate licensees,can legally be the agent of both the Seller and the Buyer in a transaction, but only with the knowledge and consent of both the Seller and the Buyer. In a dual agency situation,the agent has the following affirmative obligations to both the Seller and the Buyer: (a) A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either Seller or the Buyer. (b) Other duties to the Seller and the Buyer as stated above in their respective sections. In representing both Seller and Buyer,the agent may not,without the express permission of the respective party,disclose to the other party that the Seller will accept a price less than the listing price or that the Buyer will pay a price greater than the price offered. e above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from the responsibility to protect his or her own interests. u should carefully read all agreements to assure that they adequately express your understanding of the transaction.A real estate agent is a person alified to advise about real estate. If legal or tax advice is desired, consult a competent professional. Iroughout your real property transaction you may receive more than one disclosure form,depending upon the number of agents assisting in the .nsaction.The law requires each agent with whom you have more than a casual relationship to present you with this disclosure form.You should ad its contents each time it is presented to you, considering the relationship between you and the real estate agent in your specific transaction. is disclosure form includes the provisions of Sections 2079.13 to 2079.24,inclusive,of the Civil Code set forth on the reverse hereof.Read it carefully. VE ACKNOWLEDGE RECEIPT OF A COPY OF THIS DISCLOSURE. fY /SELLER 7 Date �� J' Time-AM/PM B tiva Dir or Am. Secretary IYER/ ELLER Date Time AM/PM iENT�J—��/C�y.i� J3�u/' eyQ�: � (Please Print) Ass hate Licensee or arakervSignatme) This Disclosure form must be provided in a listing,sale,exchange,installment land contract,or lease over one year,if the transaction involves one-to-four dwelling residential property, including a mobile home,as follows: (a) From a Listing Agent to a Seller: Prior to entering into the listing. (b) From an Agent selling's property he/she has listed to a Buyer: Prior to the Buyer's execution of the offer. (c) From a Selling Agent to a Buyer: Prior to the Buyer's execution of the offer. (d) From a Selling Agent(in a cooperating real estate firm)to a Seller: Prior to presentation of the offer to the Seller. It is not necessary or required to confirm an agency relationship using a separate Confirmation form if the agency confirmation portion of the Real Estate Purchase Contract is properly completed in full. However, it is still necessary to use this Disclosure form.. S STANDARDIZED DOCUMENT HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO(C.A.R.)IN FORM ONLY.NO REPRESENTATION IS MADE AS TO THE APPROVAL THE FORM OF ANY SUPPLEMENTS NOT CURRENTLY PUBLISHED BY CAR,OR THE,LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION.IT SHOULD BE USED WITH EXTENSIVE RIDERS OR ADDITIONS. L ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS,IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL. form,s available for use by the entire real estate industry.The use of this form is not intended to identify the user as a REALTORQ' REALTOR® is a registered collective membership k which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS- who subscribe to Its Code of Ethics. c erized l laws of the United Slates (t] U.S.including forbid the OFFICE USE ONLY thorizedreproduof the of Uni Formby any means i Code) facsimile ,mputenzetl formals nght© 1987 1995,CALIFORNIA ASSOCIATION OF REALTORSw [Reviewed 6y Broker O! Designee South Virgil Avenue.Los Angeles,Catharine 90020 Dale [ouuxeuera ISED 10re5 FORM AD-14 e^111Uea^ uFl s XT% ,•'.t:; , r. wA rr-oas FOY. Ez NE4 S'ECIO T. 45- R.4E. :y 7pF? 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