CustomerInformationForm What Customels Need to Know When Worhing With Real Estate Brokers or Licensees This document describes the various types of agency relationships that can exist in real estafe transactions. AGENCY means a relationshipin which a real estate broker or licenseerepresentsa client by the client's consent, whether expressedor implied, in an immovable property transaction. An agency relationshipis formed when a real estate licenseeworks for you in your best interest and representsyou. Agency relationshipscan be formed with buyers/sellers and lessors/lessees. D E S I G N A T E D A G E N C Y m e a n s t h e a g e n c y r e l a t i o n s h i pt h a t s h a l l b e p r e s u m e dt o e x i s t when a licenseeengaged in any real estate transaction,except as otherwiseprovidedin LA R . S . 9 : 3 8 9 1 , i s w o r k i n g w i t h a c l i e n t , u n l e s st h e r e i s a w r i t t e n a g r e e m e n tp r o v i d i n gf o r a d ifferent relationship. . . .
The law presumesthat the real estate licenseeyou work with is your designatedagent, unlessyou have a written agreementotherwise. No other licenseesin the office work for you, unlessdisclosedand approved by you. Y o u s h o u l d c o n f i n e y o u r d i s c u s s i o n so f b u y i n g / s e l l i n gt o y o u r d e s i g n a t e da g e n t o r a g e n t so n l y .
D U A L A G E N C Y m e a n s a n a g e n c y r e l a t i o n s h i pi n w h i c h a l i c e n s e ei s w o r k i n g w i t h b o t h b u y e r a n d s e l l e ro r b o t h l a n d l o r da n d t e n a n t i n t h e s a m e t r a n s a c t i o n . S u c h a r e l a t i o n s h i p s h a l l n o t c o n s t i t u t ed u a l a g e n c yi f t h e l i c e n s e ei s t h e s e l l e ro f p r o p e r t yt h a t h e / s h eo w n s o r if the property is owned by a real estate businessof which the licenseeis the sole propriet o r a n d a g e n t . A d u a l a g e n c yr e l a t i o n s h i ps h a l l n o t b e c o n s t r u e dt o e x i s t i n a c i r c u m s t a n c e i n w h i c h t h e l i c e n s e ei s w o r k i n g w i t h b o t h l a n d l o r da n d t e n a n t a s t o a l e a s et h a t d o e s n o t e x c e e da t e r m o f t h r e e y e a r sa n d t h e l i c e n s e ei s t h e l a n d l o r d . D u a l a g e n c yi s a l l o w e do n l y w h e n i n f o r m e dc o n s e n ti s p r e s u m e dt o h a v e b e e n g i v e n b y a n y c l i e n t w h o s i g n e dt h e d u a l a g e n c yd i s c l o s u r ef o r m p r e s c r i b e db y t h e L o u i s i a n aR e a l E s t a t eC o m m i s s i o n . S p e c i f i cd u ties owed to both buyer/sellerand lessor/lesseeare: . . . . . r . . .
To treat all clients honestly. To providefactual informationabout the property. To discloseall latent materialdefects in the property that are known to them. T o h e l p t h e b u y e r c o m p a r ef i n a n c i n go p t i o n s . T o p r o v i d ei n f o r m a t i o na b o u t c o m p a r a b l ep r o p e r t i e st h a t h a v e s o l d , s o t h a t b o t h c l i e n t s m a y m a k e e d u c a t e db u y i n g / s e l l i n d gecisions. To disclosefinancialqualificationsto the buyer/lesseeto the seller/lessor. To explain real estate terms. To help buyers/lesseesarrange for property inspections T o e x p l a i nc l o s i n gc o s t sa n d p r o c e d u r e s .
C O N F I D E N T I A L I N F O R M A T I O N m e a n s i n f o r m a t i o no b t a i n e db y a l i c e n s e ef r o m a c l i e n t d u r i n g t h e t e r m o f a b r o k e r a g ea g r e e m e n tt h a t w a s m a d e c o n f i d e n t i a bl y t h e w r i t t e n r e q u e s t o r w r i t t e n i n s t r u c t i o no f t h e c l i e n to r i s i n f o r m a t i o nt h e d i s c l o s u r eo f w h i c h c o u l d m a t e r i a l l yh a r m t h e p o s i t i o no f t h e c l i e n t ,u n l e s sa t a n y t i m e a n y o f t h e f o l l o w i n go c c u r : . . .
The client permits the disclosureby word or conduct. The disclosureis requiredby law or would reveal seriousdefect. The informationbecame publicfrom a sourceother than the licensee,
By signing below you acknowledge that you have read and understand this form and that you are authorized to sign this form as Buyer or Seller. You further acknowledge that AgenVBroker can serve as Disclosed Dual Agents as described above. Buyer/Lessee: Seller/Lessor:
By: Title:
Tiile:
Date:
Date:
Licensee:
Licensee:
Date:
Date:
AgencyForm Rev. 10/10
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EXCLUSIVERIGHTTO SELLCONTRACTv1.'t7 Recland is a Commander EndorsedLand Broker.
RecLand Realty,LLC Pat Porter,Broker 410 OliveStreet Monroe,L471220
Phone:318.281.4900 F a x :3 1 8 . 4 1 0 . 9 0 0 9 net RecLand. net reclandrealty@bellsouth.
DATE 2t21t2017 PROPERTY
50 acresHwv.151 Calhoun
LEGALDESCRIPTION50 ACSIN SEC34 T'I8NR1EBEGAT A PQINTONTHESOUTHBOUNDARY OFSEC34.3363 FTWOF SE CORNER OFSW4OFSW4OFSAIDSEC34.WHICHPT IS ONTHES BOUNDARY AT THEINTERSECTION WITHTHECADEVILLE RD.W 930.6FT.TOTHESW CORNER, BEINGTHESECTION CORNER TO SECS THISCORNER 33 & 34 OF SAIDTOWNSHIP & RANGE.N ALONGW BOUNDARY WITHTHE OF SAIDSEC34 TO ITSINTESECTION CHENIERECREEK.NE DIRECTIONALONGTHE SAIDCHENIERECREEKTO ITS INTERSECTION WITHTHE CADEVILLE RD.S ALONGCADEVILLE RD2946.6FTTO BEG CITY Calhoun
PARISH
Ouachita
PRICETwohundred fortv-seven thousand two hundred and00/100
LOUISIANA
( $247.200.00
)Dollars
On thefollowing terms:cash or for anyotherprices,or uponanyotherterms,as mayhereafter be agreedupon. The property to be soldincludes all buildings, improvements thereon, components andotherpermanently installed whichare in placeat the timethisagreementis executed,unlessntDqrwise statedherein.
A.ll lr', MINERALS: Anymineral rights owned aretobeadvertiseo aJ lllftXronveyea
n'
TIMBER: Alltimberrightswillbe included withsaleexceptabloted in OtherTerms& Conditions. FARM/ OTHERPROGRAMS: Propertyis freefromany 3'oparty"programs"exceptas notedin OtherTerms& Conditions. Forandin consideration of services called'BROKER', to be performed by theabovenamedBROKER, hereinafter l/WeherebyemployBROKER as my/oursoleandexclusive theabove agentto marketandto sellor exchange describedrealpropertyat the priceas aboveoutlined,or anyotherpricel^y'y'e agreeto accept,and herebygrant BROKERthe exclusiverightto sell or exchangethe sameandto accepta depositthereon.llVVealsoagreeto refer all prospectsto the BROKERduringthe termof this listing.Unlessrestrictedhereinbelow,I furtherauthorizesaid BROKER to crosslistwithotherBROKERS costto Seller. at thediscretion of BROKERandat no additional In theeventa depositis forfeited, one-half as his of thesameshallbe retained by or paidto the BROKER paidto Seller,provided portionof anysuchforfeiture compensation, andone-half thatBROKER'S shallnotexceed theamountof thebelownamedcommission Thisagreement shallexpireat midnight on
Auoust31, 2017
(Date)
Owneragreesto payBrokercommission to sell, of 6 % on thegrossamountof anyagreement exchange, or optionthatmaybe negotiated duringtheexistence of thisagreement, or on thegrossamountof any suchagreement madewithinNINETYdaysaftertheexpiration of thisagreement, withanyoneto or termination periodshallterminate whomsaidproperty hasbeenquotedduringthetermof thisagreement. Thisprotection when theproperty is listedwithanotherRealEstateBroker.Thecommission is earneduponobtaining an offerto purchaseat the listedpriceand termswithreasonable timefor act of saleand occupancy.Brokeris authorizedto acceptfromPURCHASER, or hisrepresentative, bycashand/orreal a non-interest bearingdepositrepresent estatedepositnote,andto placesaiddepositin a federally selected by insuredbanking or savingsinstitution Brokerpending settlement. Brokershallhaveno responsibility of saidbankingor in caseof failureor suspension savingsinstitution. In theeventof a disputebetween andagrees Ownerandthe Purchaser, Ownerunderstands thatBrokercannotdisburse thedeoositwithoutthe mutualwrrttenconsentof the Purchaser andOwner.iudicial order.or orderof the Louisiana RealEstateCommission.
A "For Sale" sign may be placedon propertyas necessary. (1)Ownerhas merchantable Ownerwarrants to BROKER that,exceptas noted.below: title to property;(2)the ptopeftyfronts on a publicroador highway,or has a deededaccessto publicroad;(3)thereare no known encroachmentsacross the boundariesor into any servitudeon the property except as noted below; (4) there are no known leasesaffectingthe property exceptas noted below or attached. OtherTermsandConditions: TwonaturalqaspiDelines border. crossthepropertv. Contains a wetlandon northern Deedshows50 acresandAssessor shows56.690.Northern borderis ChenierCreekwhichmavbe ambiquous. BROKERis authorized to represent suchto anyPurchaser Purchaser, andOwneragreesto or Prospective indemnify BROKER, itsofflcers, thecostof directors, associates, agentsor employees, againstanyclaim,including litigation,basedon allegationor assertionthatany of the statementscontainedin thiswarrantyare notcorrect,or thatany materialinformation affectingthe propertylistedhereinwas notdisclosedin thisagreement. In caseof employment fees counselto enforcethisagreement, attorney's Ownerwillpayallcoslsandreasonable incurred by agent.ln furtherconsideration Broker of theeffortsandexpenditures by Broker,Ownershallindemnify againstall liability, lossandexpense, reasonable including attorney's feesandcourtcosts,thatBrokermayincuras a resultof anyclaimor suitagainstBrokerbyanypersonfor personal injuryor property damagesustained by such personwhileon or aboutthe hereinabovedescribed or Owner's dueto thecondition of saidpremises Dremises, negligence. My signature hereonacknowledges Authorization to Sell.To thatI havereceived a signedcopyof thisExclusrve partiesholdinga mortgage anyinterested ownersof or whohavean interest in thisproperty, we,the undersigned this property,authorizeyouto releaseanyand/orall loaninformation to the abovestatedrealestateotficeand their appointees. We furtherherebyauthorize USDAServiceCenteremployees to releaseanyFSAandNRCS information requestedby this Brokeror itsAgents. In consideration of theaboveemployment, Brokeragreesto us duediligence in procuring in a Purchaser accordance withthetermshereof.Thefollowing information is supplied by andon behalfof theOwnerandis believedto be trueand accurate.but is notouaranteed. The commissionsreflectedin this agreementhave beennegotiated only by the partiesto the agreement. Seller(s)agreesthatany electronic (email,text,etc.)sentto Brokerand/orhis agentis to be communication consideredwrittenauthorization. lAl/e have read and understandthe above. Recland Realty,LLC Real EstateAgency Pat Porter DesignatedBroker KeithWelch ListingAgent
Additional OwnersSign Belowor Attachan Additional Sheet