Common use of BROKERAGE RELATIONSHIPS Clause in Contracts

BROKERAGE RELATIONSHIPS. SELLER AND PURCHASER acknowledge that the Real Estate Licensees involved in this transaction may be functioning as agents of the SELLER, agents of the PURCHASER, or Transaction Brokers. Licensees functioning as an agent of the SELLER have a duty to represent the SELLER'S interest and will not be the agent of the PURCHASER. Information given by the PURCHASER to an agent of the SELLER will be disclosed to the SELLER. Licensees functioning as an agent of the PURCHASER have a duty to represent the PURCHASER'S interest and will not be an agent of the SELLER. Information given by the SELLER to an agent for the PURCHASER will be disclosed to the PURCHASER. Licensees functioning in the capacity of a Transaction Broker are not agents for either party and do not advocate the interest of either party. SELLER and PURCHASER acknowledge that the Real Estate Brokerage Relationships Brochures have been furnished to them. (Listing Company) Midwest Land and Home (Name of Licensee) Xxxx Xxxxx Broker is functioning as: ( X ) Seller’s Agent ( ) Designated Seller’s Agent ( ) Transaction Broker. (Selling Company) Midwest Land and Home (Name of Licensee) Xxxx Xxxxx Broker is functioning as: ( X ) Seller’s Agent ( ) Purchaser's Agent ( ) Designated Purchaser's Agent ( ) Transaction Broker. In the event either licensee is acting as Designated Agent for SELLER or PURCHASER, his/her supervising broker will be functioning as Transaction Broker. Seller and Purchaser acknowledge that the Real Estate Brokerage Relationships Brochures have been furnished to them. The real estate firm/firms involved in this transaction are agents only and not parties to this contract and will in no case whatsoever be held liable to either party for performance of any term or condition of this agreement or for damages for non-performance. PURCHASER acknowledges that said firm/firms have made no representations and have given no express or implied warranties with regard to the condition of the subject property. SELLER and PURCHASER agree that the real estate firm/firms shall not be responsible for the conduct of third parties providing specialized services whether those services were arranged by Sellers, Purchaser, or the real estate firm/firms on behalf of either.

BROKERAGE RELATIONSHIPS. SELLER AND PURCHASER acknowledge that BUYER acknowledges receiving the information sheet titled “Real Estate Licensees involved Brokerage Relationships” which describes the duties of a “SELLER’S AGENT,” a “BUYER’S AGENT,” and a “TRANSACTION BROKER” under KANSAS law. BUYER understands and acknowledges that RE/MAX® ASSOCIATES OF TOPEKA, LLC may have clients who have retained BROKER to represent them in this transaction may be functioning as agents the sale of the SELLER, agents of the PURCHASER, or Transaction Brokerstheir property. Licensees functioning as an The undersigned agent of RE/MAX® ASSOCIATES OF TOPEKA, LLC is hereby designated by the SELLER have BROKER as the BUYER’S agent and will perform all the duties of a duty “BUYER’S AGENT” and will be BUYER’S legal agent to represent the SELLER'S interest exclusion of all other licensees in the brokerage firm. Another licensee with the brokerage firm may act as the designated agent for the seller in a transaction that could occur between the seller and you as BUYER in the event you choose to make an offer on a property listed by BROKER. The supervising BROKER (or branch broker, if applicable) would act as a “Transaction Broker” and may advise and assist the designated agent for the seller and the designated agent for the BUYER, but will not advocate for the interests of either party and will not be disclose any information or personal confidences about a party which might place the other party at an advantage. If the designated agent for seller is also the designated agent of a buyer who is interested in seller’s property, the designated agent cannot represent both seller and BUYER. With the informed consent of both parties, however, the agent of may act as a “Transaction Broker” and assist both parties with the PURCHASER. Information given by the PURCHASER to real estate transaction without being an agent of the SELLER will be disclosed to the SELLER. Licensees functioning as an agent of the PURCHASER have a duty to represent the PURCHASER'S interest and will not be an agent of the SELLER. Information given by the SELLER to an agent or advocate for the PURCHASER will be disclosed to the PURCHASER. Licensees functioning in the capacity of a Transaction Broker are not agents for either party and do not advocate the interest interests of either party. SELLER and PURCHASER acknowledge that the Real Estate Brokerage Relationships Brochures have been furnished to them. (Listing Company) Midwest Land and Home (Name of Licensee) Xxxx Xxxxx Broker is functioning as: ( X ) Seller’s Agent ( ) Designated Seller’s Agent ( ) Transaction Broker. (Selling Company) Midwest Land and Home (Name of Licensee) Xxxx Xxxxx Broker is functioning as: ( X ) Seller’s Agent ( ) Purchaser's Agent ( ) Designated Purchaser's Agent ( ) Transaction Broker. In the event either licensee is acting as Designated Agent for SELLER or PURCHASER, his/her supervising broker will be functioning as Transaction Broker. Seller and Purchaser acknowledge that the Real Estate Brokerage Relationships Brochures have been furnished to them. The real estate firm/firms involved in this transaction are agents only and not parties to this contract and will in no case whatsoever be held liable to either party for performance of any term or condition of this agreement or for damages for non-performance. PURCHASER BUYER acknowledges that said firm/firms have made no representations this situation can occur and have given no express or implied warranties with regard understands that his agent (the undersigned agent) would take this neutral position if both seller and BUYER agree by signing a Transaction Broker Addendum to their agency agreements which must be signed by the condition of BUYER prior to writing an offer and by the subject property. SELLER and PURCHASER agree that seller prior to signing the real estate firm/firms shall not be responsible for the conduct of third parties providing specialized services whether those services were arranged by Sellers, Purchaser, or the real estate firm/firms on behalf of eitheroffer to purchase.

BROKERAGE RELATIONSHIPS. SELLER AND PURCHASER acknowledge that The Broker and Listing Agent for this property, Midwest Land and Home, is acting as agent for the Real Estate Licensees involved in this transaction may be functioning SELLERS only, and as agents of the SELLER, agents of the PURCHASER, or Transaction Brokers. Licensees functioning as an agent of the SELLER have SELLERS the Broker has a duty to represent the SELLER'S interest SELLERS’ interests and will is not be an agent for nor represent the agent interests of the PURCHASERBUYER. Information The parties acknowledge that any information given by the PURCHASER BUYER to an agent of the SELLER will SELLERS must be disclosed to the SELLERSELLERS. Licensees functioning as an agent of the PURCHASER have BUYER is not represented by a duty to represent the PURCHASER'S interest Broker or Agent. By signing this contract SELLERS and will not be an agent of the SELLER. Information given by the SELLER to an agent for the PURCHASER will be disclosed to the PURCHASER. Licensees functioning in the capacity of a Transaction Broker are not agents for either party and do not advocate the interest of either party. SELLER and PURCHASER BUYER acknowledge that they have read and understand the foregoing Relationship Disclosure and that they previously received a copy of the Real Estate Brokerage Relationships Brochures have been furnished to them. (Listing Company) Midwest Land and Home (Name of Licensee) Xxxx Xxxxx Broker is functioning as: ( X ) Seller’s Agent ( ) Designated Seller’s Agent ( ) Transaction Broker. (Selling Company) Midwest Land and Home (Name of Licensee) Xxxx Xxxxx Broker is functioning as: ( X ) Seller’s Agent ( ) Purchaser's Agent ( ) Designated Purchaser's Agent ( ) Transaction Broker. In Brochure, also known as the event either licensee is acting Agency Disclosure Brochure, as Designated Agent for SELLER or PURCHASER, his/her supervising broker will be functioning as Transaction Broker. Seller and Purchaser acknowledge that the Real Estate Brokerage Relationships Brochures have been furnished to themrequired by K.S.A. 58-30,110. The real estate firm/firms involved in this transaction are agents only and not parties to this contract Contract and will in no case whatsoever be held liable to either party for performance of any term or condition of this agreement or for damages for non-performance. PURCHASER BUYER acknowledges that said firm/firms have made no representations and have given no express or implied warranties with regard to the condition of the subject property. SELLER SELLERS and PURCHASER BUYER agree that the real estate firm/firms shall not be responsible for the conduct of third parties providing specialized services whether those services were arranged by SellersSELLERS, Purchaser, BUYER or the real estate firm/firms on behalf of either. BUYER and SELLERS agree that the real estate licensees involved in this transaction are not experts regarding whether any environmental or health hazards, defects in the mechanical equipment or systems, structural defects, or damage from wood destroying organisms exist in and on the property. BUYER and SELLERS should seek expert advice and obtain inspections to determine if hazards, defects or damage exist in and on the property. If inspections are not performed regarding all or part of the property, BUYER is bound by whatever information an inspection would have revealed, and waives any claim, right or cause of action relating to or arising from any condition of the property that would have been apparent had inspections been performed.