Common use of Broker’s Obligations Clause in Contracts

Broker’s Obligations. 34 a. Perform the terms of this Contract, exercise reasonable skill and care for BUYER, and promote the 35 interests of BUYER with the utmost good faith, loyalty and fidelity unless acting as a Transaction Broker, 36 or as a Disclosed Dual Agent (Missouri only). 37 b. Seek a price and terms acceptable to BUYER. 38 c. Provide, at a minimum, the following services: 39 1. Accept delivery of and present to BUYER offers and counter offers to purchase the property the 40 BUYER seeks to purchase; 41 2. Assist BUYER in developing, communicating, negotiating and presenting offers, counter offers, 42 and notices that relate to the offers and the counter offers until purchase agreement is signed and 43 all contingencies are satisfied or waived; and 44 3. Answer BUYER’S questions relating to the offers, counter offers, notices, and contingencies. 45 d. In Missouri, BROKER shall not be obligated to continue to seek other properties while the client is a 46 party to a Contract to purchase Property; however, the BROKER must present all written offers to and 47 from the client regardless of whether the client is a party to a purchase or not. 48 e. Disclose to BUYER all adverse material facts actually known (or should have known, in Missouri) by 49 BROKER and advise BUYER to obtain expert advice as to material matters known by BROKER but the 50 specifics of which are beyond the BROKER’S expertise. 51 f. Account in a timely manner for all money and property received. 52 g. Comply with all applicable federal, state, and local laws, rules and regulations, and ordinances, 53 including fair housing and civil rights statutes and rules and regulations. 54 h. Not disclose any confidential information about BUYER unless: disclosure is authorized under this 79 a. BROKER shall be entitled to compensation for assisting and negotiating in the procurement of Property

Broker’s Obligations. 34 33 a. Perform the terms of this Contract, exercise reasonable skill and care for BUYER, and promote the 35 34 interests of BUYER with the utmost good faith, loyalty and fidelity unless acting as a Transaction Broker, 36 or 35 as a Disclosed Dual Agent (Missouri only). 37 36 b. Seek a price and terms acceptable to BUYER. 38 37 c. Provide, at a minimum, the following services: 39 38 1. Accept delivery of and present to BUYER offers and counter offers to purchase the property Property the 40 39 BUYER seeks to purchase; 41 40 2. Assist BUYER in developing, communicating, negotiating negotiating, and presenting offers, counter offers, 42 41 and notices that relate to the offers and the counter offers until purchase agreement is signed and 43 42 all contingencies are satisfied or waived; and 44 43 3. Answer BUYER’S questions relating to the offers, counter offers, notices, and contingencies. 45 44 d. In Missouri, BROKER shall not be obligated to continue to seek other properties while the client is a 46 party 45 to a Contract to purchase Property; however, however the BROKER must present all written offers to and 47 from the 46 client regardless of whether the client is a party to a purchase or not. 48 47 e. Disclose to BUYER all adverse material facts actually known (or should have known, in Missouri) by 49 48 BROKER and advise BUYER to obtain expert advice as to material matters known by BROKER but the 50 49 specifics of which are beyond the BROKER’S expertise. 51 50 f. Account in a timely manner for all money and property received. 52 51 g. Comply with all applicable federal, state, and local laws, rules and regulations, and ordinances, 53 including 52 fair housing and civil rights statutes and rules and regulations. 54 53 h. Not disclose any confidential information about BUYER unless: disclosure is authorized under thisthis Contract; 54 disclosure is required by statute, rules or regulations; or failure to disclose would constitute a material 55 misrepresentation, or disclosure is necessary under Missouri law to defend the affiliated licensee against an 56 action of wrongful conduct in an administrative or judicial proceeding or before a professional committee. 79 a. 57 i. Disclose to BUYER and any Seller of Property all adverse material facts actually known (or should have 58 known, in Missouri) by BROKER shall be entitled including but not limited to compensation material facts concerning BUYER’S ability to 59 perform under the terms of a sales contract and any facts actually known by BROKER that were omitted 60 from or contradict any information included in a written report regarding the physical condition of the 61 Property prepared by a qualified third party. In Missouri and in Kansas, law requires persons who are 62 convicted of certain crimes, including certain sexually violent crimes, to register with the sheriff of the county 63 in which they reside. If you, as the BUYER, desire information regarding those registrants, you may find in 64 formation on the homepage of the Kansas Bureau of Investigation (KBI) at xxxx://xxx.Xxxxxx.xxx/kbi or by 65 contacting the local sheriff’s office in Kansas. In Missouri, you may find information on the homepage of the 66 Missouri State Highway Patrol at xxxxx://xxx.xxxx.xxx.xxxxxxxx.xxx/CJ38/xxxxxx.xxx or BUYER should 67 contact the sheriff of the county in which the Property is located. 68 j. Assist with the closing of the sale of the Property. 69 k. BROKER may search for assisting properties in a Multiple Listing Service, and negotiating in the procurement of PropertyBROKER may, but is not required to, 70 conduct searches and/or inquiries from other sources. 71

Broker’s Obligations. 34 33 a. Perform the terms of this Contract, exercise reasonable skill and care for BUYER, and promote the 35 34 interests of BUYER with the utmost good faith, loyalty and fidelity unless acting as a Transaction Broker, 36 or 35 as a Disclosed Dual Agent (Missouri only). 37 36 b. Seek a price and terms acceptable to BUYER. 38 37 c. Provide, at a minimum, the following services: 39 38 1. Accept delivery of and present to BUYER offers and counter offers to purchase the property Property the 40 39 BUYER seeks to purchase; 41 40 2. Assist BUYER in developing, communicating, negotiating negotiating, and presenting offers, counter offers, 42 41 and notices that relate to the offers and the counter offers until purchase agreement is signed and 43 42 all contingencies are satisfied or waived; and 44 43 3. Answer BUYER’S questions relating to the offers, counter offers, notices, and contingencies. 45 44 d. In Missouri, BROKER shall not be obligated to continue to seek other properties while the client is a 46 party 45 to a Contract to purchase Property; however, however the BROKER must present all written offers to and 47 from the 46 client regardless of whether the client is a party to a purchase or not. 48 47 e. Disclose to BUYER all adverse material facts actually known (or should have known, in Missouri) by 49 48 BROKER and advise BUYER to obtain expert advice as to material matters known by BROKER but the 50 49 specifics of which are beyond the BROKER’S expertise. 51 50 f. Account in a timely manner for all money and property received. 52 51 g. Comply with all applicable federal, state, and local laws, rules and regulations, and ordinances, 53 including 52 fair housing and civil rights statutes and rules and regulations. 54 53 h. Not disclose any confidential information about BUYER unless: disclosure is authorized under thisthis Contract; 54 disclosure is required by statute, rules or regulations; or failure to disclose would constitute a material 55 misrepresentation, or disclosure is necessary under Missouri law to defend the affiliated licensee against an 56 action of wrongful conduct in an administrative or judicial proceeding or before a professional committee. 79 a. 57 i. Disclose to BUYER and any Seller of Property all adverse material facts actually known (or should have 58 known, in Missouri) by BROKER shall be entitled including but not limited to compensation material facts concerning BUYER’S ability to 59 perform under the terms of a sales contract and any facts actually known by BROKER that were omitted 60 from or contradict any information included in a written report regarding the physical condition of the 61 Property prepared by a qualified third party. In Missouri and in Kansas, law requires persons who are 62 convicted of certain crimes, including certain sexually violent crimes, to register with the sheriff of the county 63 in which they reside. If you, as the BUYER, desire information regarding those registrants, you may find in 64 formation on the homepage of the Kansas Bureau of Investigation (KBI) at xxxx://xxx.Xxxxxx.xxx/kbi or by 65 contacting the local sheriff’s office in Kansas. In Missouri, you may find information on the homepage of the 66 Missouri State Highway Patrol at xxxxx://xxx.xxxx.xxx.xxxxxxxx.xxx/CJ38/search.jsp or BUYER should 67 contact the sheriff of the county in which the Property is located. 68 j. Assist with the closing of the sale of the Property. 69 k. BROKER may search for assisting properties in a Multiple Listing Service, and negotiating in the procurement of PropertyBROKER may, but is not required to, 70 conduct searches and/or inquiries from other sources. 71

Broker’s Obligations. 34 36 a. Perform the terms of this Contract, exercise reasonable skill and care for BUYER, and promote the 35 37 interests of BUYER with the utmost good faith, loyalty and fidelity unless acting as a Transaction Broker, 36 or 38 as a Disclosed Dual Agent (Missouri only). 37 39 b. Seek a price and terms acceptable to BUYER. 38 40 c. Provide, at a minimum, the following services: 39 41 1. Accept delivery of and present to BUYER offers and counter offers to purchase the property Property the 40 42 BUYER seeks to purchase; 41 43 2. Assist BUYER in developing, communicating, negotiating negotiating, and presenting offers, counter offers, 42 44 and notices that relate to the offers and the counter offers until purchase agreement is signed and 43 45 all contingencies are satisfied or waived; and 44 46 3. Answer BUYER’S questions relating to the offers, counter offers, notices, and contingencies. 45 47 d. In Missouri, BROKER shall not be obligated to continue to seek other properties while the client is a 46 party 48 to a Contract to purchase Property; however, however the BROKER must present all written offers to and 47 from the 49 client regardless of whether the client is a party to a purchase or not. 48 50 e. Disclose to BUYER all adverse material facts actually known (or should have known, in Missouri) by 49 51 BROKER and advise BUYER to obtain expert advice as to material matters known by BROKER but the 50 52 specifics of which are beyond the BROKER’S expertise. 51 53 f. Account in a timely manner for all money and property received. 52 54 g. Comply with all applicable federal, state, and local laws, rules and regulations, and ordinances, 53 including 55 fair housing and civil rights statutes and rules and regulations. 54 56 h. Not disclose any confidential information about BUYER unless: disclosure is authorized under thisthis Contract; 57 disclosure is required by statute, rules or regulations; or failure to disclose would constitute a material 58 misrepresentation, or disclosure is necessary under Missouri law to defend the affiliated licensee against an 59 action of wrongful conduct in an administrative or judicial proceeding or before a professional committee. 79 a. 60 i. Disclose to BUYER and any Seller of Property all adverse material facts actually known (or should have 61 known, in Missouri) by BROKER shall be entitled including but not limited to compensation material facts concerning BUYER’S ability to 62 perform under the terms of a sales contract and any facts actually known by BROKER that were omitted 63 from or contradict any information included in a written report regarding the physical condition of the 64 Property prepared by a qualified third party. In Missouri and in Kansas, law requires persons who are 65 convicted of certain crimes, including certain sexually violent crimes, to register with the sheriff of the county 66 in which they reside. If you, as the BUYER, desire information regarding those registrants, you may find in 67 formation on the homepage of the Kansas Bureau of Investigation (KBI) at xxxx://xxx.Xxxxxx.xxx/kbi or by 68 contacting the local sheriff’s office in Kansas. In Missouri, you may find information on the homepage of the 69 Missouri State Highway Patrol at xxxxx://xxx.xxxx.xxx.xxxxxxxx.xxx/CJ38/xxxxxx.xxx or BUYER should 70 contact the sheriff of the county in which the Property is located. 71 j. Assist with the closing of the sale of the Property. 72 k. BROKER may search for assisting properties in a Multiple Listing Service, and negotiating in the procurement of PropertyBROKER may, but is not required to, 73 conduct searches and/or inquiries from other sources. 74