2019-243-E Housing - Verbal Realty & Associates 509 Central Ave realty services

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DocuSign Envelope ID:3F2Al lF7-03CF-4959-B256-OF8B9C8B7E17 (f) conducting all negotiations and communications through Firm; (g)conducting all due diligence on property in consultation with Firm;and (h)paying for all products and/or services required in the examination and evaluation of properties (examples: surveys, water/soil tests,title reports,property inspections,etc.). 10.OTHER PROFESSIONAL ADVICE. In addition to the services rendered to Buyer by the Firm under the terms of this Agreement, Buyer is advised to seek other professional advice in matters of law, taxation, financing, insurance, surveying, wood- destroying insect infestation, structural soundness, engineering, and other matters pertaining to any proposed transaction. Although Firm may provide Buyer the names of providers who claim to perform such services,Buyer understands that Firm cannot guarantee the quality of service or level of expertise of any such provider. Buyer agrees to pay the full amount due for all services directly to the service provider whether or not the transaction closes. Buyer also agrees to indemnify and hold Firm harmless from and against any and all liability, claim, loss, damage, suit, or expense that Firm may incur either as a result of Buyer's selection and use of any such provider or Buyer's election not to have one or more of such services performed. © Buyer acknowledges receipt of a sample copy of an Offer to Purchase And Contract for review purposes. ❑ Buyer acknowledges receipt of a copy of the brochure Questions and Answers on:Home Inspections. ❑ Buyer acknowledges receipt of a sample copy of a Professional Services Disclosure and Election form (form #760) for review purposes. 11.HOME WARRANTY. The seller of any property Buyer may be interested in buying may or may not provide a home warranty as a part of any sale. If the seller does not provide a home warranty, Buyer may elect to purchase one. Buyer understands that although Firm will assist Buyer in identifying available home warranty products, Buyer must refer specific questions regarding coverage afforded by any such product to the provider thereof. If Firm assists Buyer in obtaining a home warranty, a fee of will be offered to Firm by the person or entity through or from which any home warranty is obtained as compensation to Firm for its assistance in obtaining the home warranty, and Buyer hereby consents to Firm's receipt of such fee. 12.CONFIDENTIALITY OF OFFERS. Real estate brokers are prohibited by N.C. Real Estate Commission rule from disclosing the price or other material terms contained in a parry's offer to purchase, sell, lease, rent or option real property to a competing party without the express authority of the party making the offer.However, sellers may elect not to treat the existence,terms,or conditions of any offers Buyer may make as confidential. Additionally, sellers may elect not to disclose or authorize seller's agent to disclose the existence of any other offer(s). 13.ADDITIONAL PROVISIONS. 14.DUAL AGENCY. Buyer understands that the potential for dual agency will arise if Buyer becomes interested in viewing property listed with Firm. Firm may represent more than one party in the same transaction only with the knowledge and informed consent of all parties for whom Firm acts. (a) Disclosure of Information. In the event Firm serves as a dual agent,Buyer agrees that without permission from the party about whom the information pertains,Firm shall not disclose to the other party the following information: (1) that a party may agree to a price,terms,or any conditions of sale other than those offered; (2) the motivation of a party for engaging in the transaction,unless disclosure is otherwise required by statute or rule;and (3) any information about a party which that party has identified as confidential unless disclosure is otherwise required by statute or rule. (b)Firm's Role as Dual Agent. If Firm serves as agent for both Buyer and a seller in a transaction, Firm shall make every reasonable effort to represent Buyer and seller in a balanced and fair manner.Firm shall also make every reasonable effort to encourage and effect communication and negotiation between Buyer and seller.Buyer understands and acknowledges that: (1) Prior to the time dual agency occurs,Firm will act as Buyer's exclusive agent; (2) In its separate representation of Buyer and seller, Firm may obtain information which, if disclosed, could harm the bargaining position of the party providing such information to Firm; (3) Firm is required by law to disclose to Buyer and seller any known or reasonably ascertainable material facts. Buyer agrees Firm shall not be liable to Buyer for (i) disclosing material facts required by law to be disclosed, and (ii) refusing or failing to disclose other information the law does not require to be disclosed which could harm or compromise one parry's bargaining position but could benefit the other party. Page 3 of 6 STANDARD FORM 201 15L� Revised 7/2018 Buyer initials Individual agent initials ©7/2018 Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com 509 Central