Exclusive Retainer Agreement to Locate Real Property

Retainer Agreement: The undersigned Client hereby retains the undersigned Broker for a period commencing this date and terminating at midnight of_, 19_for the purpose of locating real property of a nature outlined below and to negotiate terms and conditions for the purpose thereof, or for obtaining an option theron, acceptable to Client.

Brokerage Fee: Client agrees to pay Broker as compensation for locating and negotiating the purchase of a property acceptable to Client a fee of_% of the purchase price. Client agrees further to pay Broker as compensation for obtaining an option on a property acceptable to Client a fee of $_and agrees further to pay Broker the balance of a fee of_% of the purchase price in the event the option is exercised or assigned prior to the expiration of the option. Client agrees to pay Broker as compensation for locating a property acceptable to Client and negotiating a lease thereon a fee of $_IF:

(1) Client or any other person acting for Client or in Client's behalf, purchases, obtains an option for, or leases any real property of the nature described herein during the term hereof, through the services of Broker in the state of_.

(2) Client, or any person acting for Client or in Client's behalf, purchases, obtains an option for, or leases any real property within one year after termination of this retainer, which property Broker presented or submitted to Client during the term hereof and the description of which Broker shall have submitted in writing to Client, either in person or by mail, within ten days after termination of this retainer agreement.

Broker agrees that he will act for Client only and will not accept a fee from the seller, optioner, or lessor unless full disclosure thereof is made to Client prior to the execution of an offer to purchase, option, or lease.

Credit: In the event that the seller, optioner, or lessor has agreed to pay a fee, and Broker, with the consent of Client, is entitled to receive any portion thereof, the full amount of the fee payable by seller, including any portion paid to cooperating brokers, shall be credited against the obligations of Client hereunder.

Broker's Obligations: In consideration of Client's agreement set forth above, Broker agrees to use diligence in locating a property acceptable to Client and to negotiate terms and conditions for the purchase or lease of said property or for obtaining an option on said property, acceptable to Client.

Additional Terms and Conditions:

General Nature of Property:

Location:

Price Range/Rental:

Terms:_

Special Requirements:

RECEIPT OF A COPY IS HEREBY ACKNOWLEGED Dated

Broker___Client _

Address___Client _

Phone__Address

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