HomeMy WebLinkAboutAD1998-0314 - Original - Shamrock Development Corp. - Purchase of Vacant Land at Spring Ave & Alvord Ave - 07/14/1998 NWMLS Fofm No.25 Ccpynghl 1ag7
NonnWasl Multiple Gsling sevlCe
Vitarl Land Purchase a Sale
• Rev.M97 ALLRIGH7s RESERVED
Page 1 of 1 Pages VACANT LAND PURCHASE AND SALE AGREEMENT
THIS AGREEMENT AFFECTS YOUR LEGAL RIGHTS YOU ARE AOViSE'D TO SEEK LEGAL
^�ADDVIICE BEFORE SIGNING
Date: "erC// & , 19 1
The Buyer, I�GL w✓Q� a greets to buy and seller a rees to sell,on the following terms, 2
which constitute the entire underst riding of the parties and super de all rior orcontemp raneous underslan gs and representations,the property known 3
ayaUnaar -� ✓�r vQt' City of _ County, 4
Washt gton,ZI : legally described 0 as attached)(as follows: Dti c `
9 A Lo 3 as
So e lV v T
/ t 8
(Buyer and Seller authorize Selling Licensee or at Age o Insert or correct,over it si natu s,I. a legal description of the property). Exoept are rap 11,the terms 8
"Listing Agent"and"Selling Licensee"mats the s ate cam an /Z7 V
1. PURCHASE PRICE_ The purchase oligrwl is
the ser st money. $L.f C c0D r 00
2. METHOD OF PAYMENT. e ���� JSGs��h 2
3. PERCOLATION TEST DISCLOSURE. If the property is located In King County arlm(a)it not served by an approved public or private sower system:and(b)Is to be imp roved 13
for residential or business use Seller agrees to deliver to Buyer the Percolation Toot Disclosure required by King County. 14
4. SHORT PLAT. The properly ❑has been ❑must be Will not legally required to be,short platted. It It has been,the Short Plat Number is in the legal desonPlicn above. 15
5. INSPE�,,,,C////TION. This Agreement: 16
0ie Xanot condaloned on a hazardous materials lrlape4nlon ofthepmparty,and As improvements(k it is,attach NWMLS Addendum No,35 or Other Inspection Addendum.) 17
The parties acknowledge that the Listing Agent and Selling UCensee have no expertise on these matters,and recommend the above Inspections. 18
Se. RIGHT To FARM AND RIGHT TO PRACTICE FORESTRY DISCLOSURES(Snohomish County only),The prnpariy Dis ❑[snot 'designated farmland'orsiluated 19
within 1300 feet of'designated farmland'In Snohomish County,Washington. (If II is.attach NWMLS Addendum No.22G Oe equivalent). The property 0 is O is not 20
'designated forest land'or situated within 300 feet of"deslgnaied forest land'in Snohomish County,Washington. (If it is,attach NWMLS Addendum No.22H or equivalent). 21
a. ZONING, Seller warrants that the Current toning designation is: 52 22
7, UTILITIES. The property is presently served by a: public water main D rivets well O community Well sewer main as main electric distribution line 23
p Y g
0 none of the foregoing. The term'served by'maar�xcepl in the ease of a well)Thal amain or line capable Of squarely sery g e entire p op ny abuts or adjoins the 24
property at some point, NOTWITHSTANDING THE FOREGOING,It Is the BUYER'S RESPONSIBILITY TO VBRIFY within days (10 days of not filled in) , 25
from the date of mutual acceptance of this Agreement,that any utilities serving the property meet Buyer's needs. If Ih Lyer dose not give notice to the contrary 26
within said number of days, it shall be conclusively deemed that said utilities do meet Buyer's needs, 27
S. CLOSING OF SALE. This sale shall be clos Ion iQ C'�4� ,19_ ,or sooner by agreement el the parties.by 28
Dere4asr or such other closing agent as Boyer shall designate. 29
9, FIRPTA-TAXWITHHOLDING CLOSING.The Closing Agent is instructed to prepare a certification(NWMLSAddendumNo.22EoraquivalengthatSellerisnota"foreign 30
person"within the meaning of the Foreign Investment In Real Property Tax Act. Seller agrees to sign this certification. If Seller is a foreign person,and thls transaction is 31
not otherwise exempt from FIRPTA,Closing Agent is instructed to Withhold and pay the required amount to the internal Revenue Service. 32
te. POSSESSION. Buyer ah all be emitted to possession Jon closing D st g:00 PM on the calendar day after closing 33
O . 'Closing"means the date on which ail documents are recorded and the sale proceeds are available to Seller Seller agrees to 34
Maintain the property and included appliances in their present condition,normal wear and tear excepted,until Buyer is entitled to possession. 35
1t. AGENCY DISCLOSURE. At the signing of this Agreement,the Selling Licenses /B'�I"/C.fL. el 19.e 36
(IMeri name of Ucanese and the company name of lowaod)
represented _ (/Gl E�/t 37
�(�AJa.�,Gel er�/f l both Se f Buyer,or 1411 seller nor Buyer)
The Listing Agent . /C!/7 /CPd271L Jg
(meeA name pI Llooi are Ne company n3m"e as ilcensed)
represented ;5;e/10*e% 39
([risen Seller,o,both Seger andBuyer)
If Selling Licensee and Listing Agent are different salespersons affiliated with the same Broker,then both Buyer and Seller confirm their consent to that Broker acting as a 40
dual agent. If Selling Licenses end Llsting Agent are the same salesperson representing born parties then both Buyer end Seller confirm their consent to that salesperson 41
and his/her Broker acting as duet agents, Buyer and Seller COnrirm receipt of the pamphlet entitled'Ths Lew of Real Eslata Agency." 42
Its. COMMISSION DISCLOSURE. Neither Listing Agent nor SellingLiceneeeIsreceivingcompensationfrommorelhanonepartylothistranaeclionunlessotherwisestated 43
on an attached addendum,in which case Buyer and Seller consent to such compensation. 4a
12. CONDITION OF TITLE, UnlesaothenNsespeaaed In Nis Agreement,title to Oepropertyshail bemarketableatddsing.ThefOlfOwingahalinotcauseOCRs to beunmsrketaDle:rights, 45
naervations,Covenants,conditions,and restrictions presenty of record and general to the area;easements and encroachments na matenallyaReding the value of or unduly interfering d6
With the Buyers reesonabfe use of the properly,and reserved Oil and/or mining rights. Monetary encumbrances not assumed by Buyer shall be paid by Seller on or before closing, 47
INITIALS: BUYER`�` ) 4� — BUYEF�5� — SELLER SELLER 45
WRITE-5eilIA9 Agent's Copy GREEN—Etcrow Copy CANARY—Purchaaer'a snd copy PI K-6911er'o copy GGLo—Pu rctvaa>a is1 Copy
ZO 'd Wd Sg : £0 f1H1 86—£0—d3S
t oo9y",^• ,.ear
NWMLS SFMm No.25 1,106West ruulliplo Listing 6c a rvic
'= Land PUrchue a Sam ALL RIGHTS RESERVED
Rev 619?
Pape 2 Or D Pages VACANT LAND PURCHASE AND SALE AGREEMENT
(CONTINUED)
13. TITLEINSURANCE.Seller autricril Lander or Closing Agent,at Sellers expense.to apply for a standard form buyer'$Policy Of title InS win no nef'!4didl 49
50
protection and inflation protection endorsements if available at no additional Cost, The tile insurance policy is to be Ordered through f �K.[ /�f'
. preliminary commitment therefor to both Listing Agent and 51
title Company Said company ie to send•copy of the
said standard 52
an the General Exclusions
Setting Licensee. The preliminary Commltanl,end m the title policy to be issued,shall contain no exCepdOne other the,tand Exceptionshen as Buyers sollee and exclusive 53
form and Special Exceptions Consistent with the Condition of Title herein provided,l(title conni made so insurable prior to the olosingtlal form
remedy,the cafneSl money shall,Unless Buyer elects lO Waive such de(eols orencumbeences.be refundecto the Buyer,less any unpaid posts described In paragraph 26 hereof, 54
andthisgecarne trit thereuponShall,
belerininated. Buyershallhavenorigh110specificperformancsordamage6esaconsequenceofSetter'sinabilitytoprovideinsurabletitle• 55
14. CONVEYANCINGIPERFORMANCE,
WARRANTY DEED. Title shall be conveyed by a Statutory Warranty Deed. If this Agreement is for conveyance of Buyers interest In a Real Estate Contract,the Statu�ry 58
Warranty Dead shall include a buyer's assignment Of the contract sufficient to convey after acquired title.
SECURITY. If this Agreement Is for sale on either a Real Estate Contract era Note secured by 0aed of Trust the parties agree to the FORM($)ATTACHED HERETO unless 59
an institution providing financing requires different farms, If Real Estate Contract Form LPB-44 is attached hereto,only those optional clauses in that form required by the 661
terms Of this Agreement shall apply82
LIABILITY FOR PAYMENTS, The holder Is entitled to collect payments on a Real Estate Contract or Note EVEN THOUGH THE BUYER ABANDONS andlor offers to quit 63
claim the property to the holder, 64
PERFORMANCE. Time is of the essence on this Agreement. 66
ASSIGNMENT. Buyer may not assign this Agreement,or Buyer's rights hereunder,without Saliei s otter written consent,unless provided Otherwise hereto.
76. UNDERLYING ENCUMBRANCES. If there Is an existing Deed of Trust,Real Estate Contract or other encumbrance which is to remain unpaid after closing and Its terms 66
consent and this Agreement is conditioned on it being obtained. 6
require the holder's consent to this sale.Buyer agrees to promptly,apply for such
16. CONDITION OF WELL.Sellerwanantalhepdvatewait(ifany)seMng,oftosome.theprOPerty:(a)proviideson■dog rfikteorie suipplyof hog&lly xsmpt rm"requiremanng taiaDeparVtlenl 68
of Social and Health SeMC6s purity standards;ard,(b)continued use of the wall Is a Wlortzed by a State Water Rot Certi6uh or is legally exempt tram the requirement pf a Cershcele. 89
10
17. CONDITION OF SEPTIC SYSTEM. Setlerwarraints that the septic system(if any)serving.orlo serve,the property:(a)is in good working Order and Seller has no knowledge Tl
of any needed repairs;and(b)is currently not in violation Of any governmental,health,construction and other standards,applicable to the Prop".
18. SALE INFORMATION. The Listing Agent or Selling Licensee is authorized t0 report this Agreement(Including price and all terms)to the Multiple Listing Service that 72
published it and l0 its members',finan[Ing Institutions;appraisers;and anyone else related to this sale. Buyer and Seller authori2e all lenders,UOsing agents,appraisers, 73 ;'
title insurance s adit acompanies,and others related Indio lion sale,to furnish the Listing Agent and/or Soiling Licensee,on request,any and all information and copies of documents 74
concerning the status,progress and fin61 disposilion of financing,appraisal,closing,line cOnditlOn,and any Other matter concerning this eels,INCLUDING BUYERS 76
CREDIT REPORT. (FHA regulations prohibit lenders giving credit Information to anyone on FHA leans),
19. 77
SEATTLE REQUIREMENTS. If the prODeny is in the City Of Seeltle.Seller agrees to deliver to Buyer a'Cartifcate of land Use and total AsnessmCnls'complying with 7a
the Seattle Ordinance
20. CLOSING COSTS AND PRORATION. Seiler and Buyer shell each pay one-half of escrow fee, Seller shall pay reel estate excise tax, Taxes for the current year,rent, 7
interest,and lienable homeowner's association dues shall be prorated as of closing. If any payments are delinquent on encumbrances which will remain after closing, 80
Closing Agent is instructed to pay them at closing from money due,or to be paid by, Seller.
21. NOTICES AND COMPUTATION OF TIME, Unless otherwise specified,any notice required Or Permitted in,Or related to,this Agreement must be in writing and signed 82
points Selling Licensee as Buyers agent to 83
by any ore Buyer or Seller(including either husband or wife), Sailor appoints Listing Agent as Sellers agent end 8vynrcuding but not I mlted to Salle$Real P operly 84
receive notices and all other documents rotating to this transaction that may be delivered from One party to the Other, g res onsesoeoOmmunications rotating 85
TraneferDiSCIOSUreSlelement(RCW64.04),condominiumresolecertificatec,AndreglstrationeendanyaddhlonalwrittennoticeS, P
to such documents. The party to whom a notice of any other document Is directed shall be deemed to have received and to have xrmwletlge of the contents Of the notice 86
or documents upon receipt by or at the 00100 of the partys appointed agent. Any time limit applicable to a notice shall commence on the day following receipt of the notice 87
by the appointed agent or party,and shall expire at 9;00 PM of the Iasi Oalendsrday of the specified period of time.
61MIe S the day iss 0 aass shall include r legal
holiday days 89
as defined in RCW 1,16,050,In which event the time limit shall expire on the next business day. Any specified period (51 days
only. SELLER AND BUYER MUST KEEP THEIR APPOINTED AGENT ADVISE OF THEIR WHEREABOUTS TO RECEIVE PROMPT NOTIFICATION OF RECEIPT OF 90
A NOTICE. SELLING LICENSEE AND LISTING AGENT HAVE NO RESPONSIBILITY TO ADVISE OF RECEIPT Off A NOTICE BEYOND HITHER PHONING YHH PARTY OR 92
CAUSING A COPY OF THEE NOTICE TO BE DELIVERED TO THE PARTYS ADDRESS ON THIS AGREEMENT, hall be came as delivery 93
22, FACSIMILETRANSMISSION.Faosimile transmission Of any signed original oocumenl,and retransmission ofanycpnetl laCsimile transmission.shall 94
of an Original. At the request of either party,or the Closing Agent.the parting will confirm fscslmlls transmitted signaturea by Big g a engine(doalment,
ae,j relying on any contingent 95
23. BUYERS FUNDS TO CLOSE, Buyer represents that Buyer has sufficient funds to nose this sale in accordance with iV/,'�s� 98
source Of funds or gifts unless expressly set forth elsewhere in this Agreement. 97
24. ADDE DUMS. In addition to any ofhe`Adden ms re afretl l0 in this Agreement,th following';ddendurtfl�ore��ac • here : 0 None ���
aQ V 98
25. DEVELOPMENT ANDIOR CONSTRUCTION-FEASIBILITY AND COST. IT IS THE BUYER'!RESPONSIBILITY TO VERIFY within , �o days (15 days 99
if notfrlled in)from the date Of mutual acoo Dtance whether Of not the property can be platted,developed andlor built on(now or in thstuture)and whet ltWlll cost to do this,BUYER 100
SHOULD NOT RELY ON ANY ORAL STATEMENTS CONCERNING THIS MADE BY THE stnLLER,LISTING AGENT OR SELLING LICENSEE.BUYER SHOULD INQUIRE 101
AT THE CITY ORGOUNTY,ANDWATER,SEWEROROTHERSPECIALDISTRICTSINWHICHTHEPROPERTYISLOCATED. BUYER'SINGUIRYSHOULDINCLUDE,102
BUT NOT BE LIMITED TO:BUILDING OR DEVELOPMENT MORATORIUMS applicable to or being considered for the property;any SPECIAL BUILDING REQUIREMENTS,103
Including setbacks,hoighl limits or restrictions on where buildings may be constructed on the properly;whether the property it t must tl be p a that zone,Wetlands,length
of timendS 105
or other ENVIRONMENTALLY SENSITIVE AREA;road.ached.fire and any other GROWTH MITIGATION OR IMPACT FEES
64 atl �CHARGES that must be paid.uns length of time 106
necessary to obtain PLAT APPROVAL andlor a BUILDING PERMIT;water,sewer and utility CONNECTION CNARGBS;
If the Buyer dose not give notice to the contrary within said number of days,it shall be Conclusively doomed that Buyer Is satisfied
( any
development andlor construction 1007
feasimlity and cost. If Buyer does so give notice this Agreement shall terminate and the Earnest money shall be returned to buyer, Y unpaid
INITIALS'. BUYER' �O BUYE -^ 3£11-em SELLER 109
wMiTe—Selling Agent's COPY
GREEN—Escrow cop, GANARY—Pumhestr's 2nd COov IN Seller's COPY GCLO—Purchasai s 1111 COPY
90 'd Wd 69: £0 nH1 86—£0—d3S
NN1M'_3 Form N:.15
Vaoint Lend Pumhese A S216 ALL RIGHT3 RESERVED
Rey.614Y
Page s 013 page& VAC^.v T LAND PURCHASE AND SALE AGREEMENT
(CONTINUED)
�estmoney,In thO oC ❑Cash rsonal 11 110
26. EARNEST MONEY RECEIPT.Sellingt.loensesack"edgesrecdptfrOmBuyerofi �f�e '
payable to Promissory note du / 9 and payable to Q�.zSst'
❑ other to a held: Q By the Closing Agent�ln Selling Licensee a Brokers pooled trust socount(with interest paid to the 112
Washington Housing Fund). Selling Licenses may,however.transfer the earneat money Io.Ain
Agent.
If the earnest money IS to behold by Setting Licensee and is ovee$5,o00,It shall be deposited to, ❑Selling Licensee's Broker's pooled trust account ❑A separate trust 114
account in Selling Lloensee'a Broker's name, with the interest Credited at closing 10 Buyer/Seller (strike one) whose Social Security (or taxpayer ID) Number is: 115
If this Sale falls to close,whoever is entitled to the earnest money is entitled to the Interest.
Selling Licensee shall not depositary check unlit Buyer and Seller nave signed this Agreement Buyer agrees to pay financing and purchase Costs incurred by Buyer. If all 117
or pan of the earnest money Is to be returned to Buyer and any such costs remain unpaid,the Seeing Licensee may deduct and pay them therefrom.
118
27. DEFAULT AND ATTORNLY'S FEES. In the event Buyer falls,without legal excuse.to complete the purchase of the Property,Ihen(check ore): 119
❑ a. That portion of the lamest money which does not eXeeed Eve perten1(5%)of the purchase price shall be retained by Sailer as liquidated damages(sublet[to Sellers 120
Obligation to pay certain costs and a commission under Seclon 30 below)and as the sole and exclusive remedy available to Seller for such failure or
121
C1 It. Seller may,at Sellers,option,(a)keep as liquidated damages all or a portion of the earnest money(subject to Sellers obligation to pay Certain costs and a commission 122
under Seddon 30 below)as the sole and exclusive remedy available to Sellerforsuch failure.(b)bring suit against Buyer for Setleea actual damages,(c)bring suitlo specirically 123
enforce this Agreement and recover any incidental damages,or(d)pursue any other rights or remedies available at law or equity.
If Buyer,Seller,Listing Agent or Selling Licensee institutes suit concerning this Agreemenl,Including,but not limited to claims brought purs nt to a Washington Consumer 125
Protection Act,the prevailing parry is entitled to Court costs and a reasonable attorneys fee. In the event of vial,the amount of 0 fe shall be fixed by the tour 126
The venue of any evil shall be the county In which the Property is iocaled. 127
If neither of the above boxes Is checked,then Option V applies. [�"
28. COUNTEROFFERS. If enter party makes a future counteroffer,the other party shall have until 9:00 P.M.on the sy 0 fled ,the second day)following Its 129
receipt to accept the counteroffer,unless sooner withdrawn. A counteroffer or acceptance is rot effective until a signed copy is received by or at the office of the other pariya 130
agent for the purposes of receiving notices,as provided in Section 23. if the counteroffer Is not timely accepted,It shall lapse and the earnest money shall be refunded to 131
12
the Buyer.
22. AGREEMENT TO PURCHASP AND TIME LIMIT FOR ACCEPTANCE. Buyer offers to purchase the property on the above terms and conditions. Seller has unlif 9 PM of 133
N 'Zit:
C t M to accept this offer. Acceptance is not effective until a signed copy hereof Is actually received by or at the office of Selling 134
Clams.&. If 0 S offer is n01 so a opted,it shell lapse and Selling Licenses shall refund the earnest money to Buyer. 135
BUYER r C / DATE 14 19� 136
r •
BUYER DAd --7` 19 137
BUYER'S PHONE: HOME-- OFFICE 789�7T 79 138
BUYER'S ADDRESS /G' ZIP 1`39
SELLING LICENSEEi" �'" OFFICE NO. PHONE 4T ,3z^H'FI1X0
ADDRESS �I o� Va 7 TA
141
BY PRINT NO ,C 142
30. SELLER'S ACCEPTANCE AND BROKERAGE AGREEMENT.Seller agrees to sell the property on the terms end conditions herein,and further agrees to pay a commission 143
Ina total amounlcompu(edin accordance with the hating agreement The commission shall be apportioned between Listing Agent and Selling Licensee asspecinedIn the lisling 144
If there Is no written listing agreement,Seller agrees W pay Selling Licenses o commiasion of %of salts pnco or S Sellersealgns to 145
LisBng Agent and Selling Licensee a portion 0fthe sales proceeds Equal to the commission,Ifeamestmoneyis nlainsdas liquidated damages,any costs advanced orcommlked '46
by Listing Agent or Selling Licensee for Bu or or Sell shall be reimbursed or paid therefrom,and the balance shell be divided equally between(1)Seller and(2)Listing Agent 147
and Selling Licensee per the co illmon r listin are ant. Seller acknowledges receipt of a copy of this Agreement,signed by both parties, 148
SELLER • DAY T 19� 149
SELLER DATE 19_ 150
PRINT SELLER MES - 151
Q,�+
SELLER'S PHONE:HOME .OFFICE Z53 y`-� -� 3 y9 2 152
SELLER'S ADDRESS 7'TYAi .� 1 �T ) .f,� �7 L �/21P 9z� ye�95153
LISTING AGENT �MPANY OFFICE NO. KJ PMONE'TV.�2 /�`�Y17 FAX�I�5-952 '7� 154
MLS NO, 3 AbbRESS Wa •�3 J 155
31, MUTUAL ACCEPTANCE. This Agreement Is accepted without further Change or co/ulteroffer this *?Z-_day of 19— 156
which shelf be deemeedd the date or mutuall Acceptance of this Agreement and all addenda. 'S7
f�IV al"9 c, 158
Initials of BuyerlSuft(strike one) innate of Buyer/Seller(strike one)
WHITE-Sa111ng Agent'$Copy OREEN-Escrow Copy CANARY-Purchaser'.2nd copy PINK-4dooes Copy GOLD-Pureh ears I of Copy
-ta0 'd Wd 00= 40 f1Hl 86-£0-d3S
K
lrlritiV%,
rch.ase & Sales Agree me--`
�_
The following is a part of the Purchase and Sales dattd `f �`;/ 19 I
Q (' (Seller)
beMeen 1 �"
r (Buyer)
and 0
)T IS AGREED BETWEEN THE SELLER AND PURCDASER AS TO THE FOLLOWING:
A) Form 11 (Real Property transfer Disclosure Ststement--Residentlal Property Oaty):
Buyer Acknowledges Recelpt
Q Seller to provide it copy to buyer/representative within—.days__�—
bays(l if left blank)
of mutual aecepmnce.
V'ltorm 11 is not Available to buyer: Buyer understands that they will not receive a copy of forth 11 due
to the following masons: ursuant to RCW Chapter 64.06
A.) Buyer waives right to receive a copy p
h.) Buyer waives right to rescind pursuant to RCW Chapter 64.06 but will receive a cola'prior
to closing
c.) This transaction is exempt from disclosure requirements of RCW Chmpter6rtar4nA legal Under e
above MCndoned items buyer understands that he or she is waiving imps: g
Seller must, however,disclose material defects in the property
B) Earnest Money: Buyer and Seiler understand the RE MO Performance Plus May take up to
5(five)business days to deposit Hamest Money afar mutual acceptance.
C) Automatic e:rttnslott of closlag date: If closing is delayed for reasons beyond either party'a
control, the closing date specified in the Agreement shall automatically be extended by the period of such
delay, not to exceed a total of i2T _days(5 days if not filled in).
D) Home Main contracts: Buyer and Seller acknowledge they are aware that cerWn types of
"Home MaAtenance Contracts" (sometimes called home Warranties)tun available. If such coverage is
desued by either party, it is the responsibility of that party to&flange for coverage prior to closing at their
expense.
E) Legal, Fi riancial & Tax Advice: Agent is not licensed to practice law and cannot give legal advice. Buyer
&rid sailer also acknowledge tbat they have not received or rolled oA any tco6endi 8 trepresentations
in es neement Buyer
PSIMAX Performance plus agents regarding the tax or legal consequences
and Seller have the right to seek Ito council before siglniog
#iTE
)3UYElt I DATE
SMERIDATE
BUYXR I DATE
S0 'd Wd T0:-b0 nH1 86-20-83S
REWAX PERFORMA;Nc : VuLls
. . ........
Setter: C rl 11Y -- ,
/Listed Witb; RB/MAX Perlbsmance Pius
Limed Property Address:yX I
Seller and Buyer acknowledge that the following Relationship of Salesperson to Seller and Buyer has been explained and is hereby
%yridenverificabon of their decision and consent to such relationship.
Consensual Dual Agency(Same Listing and Sung Salesperson)
A) s entered into an agreement to represent bode�e Buyer and Seller separately.
Salesperson has previously,on separate ooca i0nf,
Therefore, Buyer and Seller understand and agree that
er and Seller in this traasecUri as Consensual Dual Agents.
1) Salesperson and Broker represent eOTN Buy diffor from each other, without
2) The Buyers and Seller's interests in this transaction may confidential information concxrning the other party
3) Neither Salesperson or Broker will disclose to either party
consent.
4) Buyer and Seller waive any conflict of interest claim arising from this Consensual Anal Agency.
5) Seller most disclose material defects to Buyer.
Milia/s ��� R�—' Seller Seller
Buyer e
g ✓Split Agency(Selling Licensee and Listing Agent from the same office)
A ent rr,re both from REIMAX performance Plus,but have entered into an agteentent to represent choir
Salesperson and Listing g
own party spociflcally aril SEPARATE from one another. Buyer and 5tlter understand and agree t0 the foliowtrtg
1) Selling Licensee represents the Buyer exclusively,
2) Listing Agent represents the Seller exclusively.
3) Broker is a Consensual Dual,Agent,but owes(to special duties to either Buyer or Seller besides those owed by Selling
Licensee to Buyer and Listing Agent to the Seller.
a) Broker will keep all int'orMation confidential from the other parties including other parties salesperson witless consent
is provided,
5) Seller must disclose all known material defects in the property,
Initials &Lt - — -- Se a ler
Buyer Buyer
C) �� Na Agency Xeladodthlp ti> lgwyer is .led with another agent within RE/MAX Performance Plus)'
(No agency relationship between Selling Licenses and Huyer,but property bat
Buyer has chosen not o be represented
ep ese continue Selling represent a Sellnsoc erari, Selling Li has tUMC will be a acilitatoshed NO AGENCY fel rnnotPepreseriting Buyer or
Listing Agent and B
Seller, and will be limited to assisting Buyer in reaching an agreement over price and terms,
Initials Seller Seiler
'Buyer Buyer
This agreement affects your legal rigbts. Salespersorn(s)nand Brea r amg t oceriso r!fan acti ey. and caru'ot give legal advice
Ifyou wish legal advice,y
Buyer and Seller with their signatures below acknowledge that they have read, understand and
agree to the above checked Item where initialed.
ate
Seller
Buyer
Aate
6�. Date Seller Date
Buyer Rev 6 91
-- 90 'd Wd L0: to rnHi 86—£0—d3S
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ADDENDUM "1B"
Purchase and Sale Agreement of 7-14-98 between Shamrock Development, "Buyer" and City of
Kent "Seller".
This agreement is contingent upon acceptance of its terms by the Kent City Council.
Buyer: ZL/ t:� 4po Date: 7 36' 1®
Seller: Date: