This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
I hereby employ the......agency as my sole agent, and give it the exclusive right to sell, as such agent, for...... months, and thereafter until terminated by five days' notice, in writing, from me, to sell or assist in selling, to exchange, or assist in exchanging, or finding a purchaser, for the following described real estate, situate in......township, ...... county and State of
......, to-wit: ............, for the sum and price of......
dollars, or such other sum as may be hereafter agreed upon, upon the following terms, to-wit: deferred payments to bear......per cent. interest from date of sale, and be secured by first mortgage on said real estate.
And I hereby agree and bind myself on demand to pay to said agency but of the first purchase money paid on said real estate, upon sale being effected, directly or indirectly, for its services in securing such purchaser, a commission of ...... per cent.
upon whatever amount said property is sold for, and should above property be sold to parties who have been negotiating with said agent for said property, within sixty days after withdrawal of this contract of agency, the above named commission is then due such agency.
The agency agrees to pay for advertising said property and pushing the sale as fast as possible, and to charge nothing except in the event of sale as aforesaid.
Witness my hand this......day of......, 19.....
................................................
...........19.........
......hereby accept this agency for said property on the terms stated.
.......................................
...... hereby agree to purchase the above described property, at the price, and upon the terms above stated.
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