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EXCLUSIVE BUYER AGENCY AGREEMENT

7BUYER(S) 8 9hereinafter 10 11hereinafter 12

referred to as BUYER, authorizes ______________________________________________________, referred to as BROKER, as Buyers exclusive agent under the terms specified herein.

13Buyer represents to Broker that Buyer has employed no other broker to assist in acquiring an interest in the property 14that is within the scope of this Agency Agreement and agrees to protect, defend, indemnify and hold Broker 15harmless from the claims, liability, and expenses, including reasonable attorneys fees, arising by reason of the 16claim of any other broker in compensation as the result of a transaction that is within the scope of this Agreement. 17 181) 19 20 21 22 232) 24 25 26 27 28 29

Creation of Agency. By authorizing Broker as Buyers exclusive agent, Buyer agrees to conduct negotiations for the property through Broker, and to refer to Broker all inquiries received in any form from real estate brokers, broker associates, prospective sellers, or any other source, during the time this Agency Agreement is in effect. Description of Property. Buyer desires to purchase or lease real property (which may include items of personal property) described in the general terms as follows: A. General description (type of property, location, price range) _____________________________________ _________________________________________________________________________________________ _________________________________________________________________________________________ with such changes as Buyer may later communicate to Broker, whether verbally or in writing.

303) Term of Agreement. Brokers authority as Buyers exclusive agent shall begin _________________________, 31 20___, at ________ AM PM and shall continue until_______________________, 20____ at __________ 32 AM PM. If Buyer enters into a purchase agreement during the term of this agreement, the termination of this 33agreement shall be the date of closing under said purchase agreement as to the purchased property only. This 34Buyer Agency Agreement can be terminated with mutual written consent of the parties. 35 364) Brokers Representation and Services. Broker will use Brokers reasonable efforts as Buyers agent to 37 locate property as described in Section 2 hereof, and to negotiate acceptance of any offer to purchase or lease 38 such property. Broker shall make submissions to Buyer describing and identifying properties appearing to 39 Broker substantially to meet the criteria set forth in Section 2, for the consideration of Buyer. Such 40 submissions will include: 41 a) properties listed on the MLS. Yes______ / No______ 42 b) For Sale By Owner properties. Yes______ / No______ 43 c) For Sale By Builder newly constructed/remodeled properties. Yes______ / No______ 44 d) For Sale at Auction properties. Yes______ / No______ 45 e) properties not otherwise actively listed but which might be available for sale. Yes______ / No______ 46 47 Buyer understands that if Broker is compensated by a seller or a real estate licensee who is working with a 48 seller, such compensation does not compromise Brokers duty to Buyer. 49 Page 1 of 4

1SDREC.EXCLUSIVE BUYERAGENCY.2008

505) 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 746) 75 76 77

Compensation of Broker. In consideration of the services to be performed by Broker, Buyer agrees to compensate Broker in any of the following ways: a) If the property is subject to a listing agreement through a MultipleListing Service or otherwise, the fee will be the amount equal to the co-operating Brokers payout as listed in the MLS, or a minimum of _____%, or $____________ plus applicable sales tax of the selling price. Buyer agrees to pay to Broker any difference between the amount received from the listing company and the stated minimum. b) If the property is not subject to a Listing Agreement, Buyer agrees to pay Broker a fee plus applicable sales tax as follows: For Sale by Owner _____% of selling price or $____________ For Sale by Auction _____% of selling price or $____________ For Sale by Builder _____% of selling price or $____________ Broker shall first seek to obtain this fee from the seller. If the fee cannot be obtained through the seller, Buyer will be responsible for such fee stated above. This compensation shall apply to transactions made, for which Buyer enters into a contract during the original term of this Agency Agreement, or during any extension of such original or extended term, and shall also apply to transactions for which Buyer enters into a contract within ______ days after the end of this Agreement which Broker has shown to Buyer during the term of this Agreement. If Buyer enters into an Exclusive Agreement with another broker after expiration or mutual written termination of this agreement, this agreement shall be null and void in its entirety. Cost of Services or Products Obtained from Outside Sources. Buyer will obtain and order products or services from outside sources. Buyer agrees to pay for them immediately when payment is due. For example, but not limited to: surveys, soil tests, title reports, engineering studies, home inspections. Broker has Buyers permission to Broker does not have Buyers permission party prior to Buyers identity becoming public record, without prior written

787) Disclosure of Buyers Identity. 79to disclose Buyers identity to a third 80consent of the Buyer. 81 828) 83 84 85 86

Other Potential Buyers. Buyer understands that other potential buyers may consider, make offers on, or purchase, through Broker, the same or similar properties as Buyer is seeking to acquire. Buyer consents to Brokers representation of such other potential buyers before, during, and after the expiration of this Agency Agreement.

879) Agency Disclosure. Broker will represent Buyer as outlined in Article I of the attached Agency Agreement 88 Addendum when showing Buyer another firms listings. Broker will act, with Buyers consent, as outlined in 89 Article III when showing Brokers listings to Buyer. 90 9110) Nondiscrimination. Buyer and Broker will not participate in any act that unlawfully discriminates on the 92 basis of race, color, creed, religion, sex, disability, familial status, country of national origin or any other 93 category protected under federal, state or local law. 94 9511) 96 97 98 99 100

Modification. No modification of any of the terms of this Agency Agreement shall be valid or binding upon the parties, unless such modifications have first been reduced to writing and signed by both parties.

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10112) 102 103 104 105 106 107 10813) 109 110 111 11214) 113 114 115 116 117

Other Professional Services. Buyer acknowledges that Broker is retained solely as a real estate agent and not as an attorney, tax advisor, lender, appraiser, surveyor, structural engineer, home inspector, or other professional service advisor. Buyer acknowledges that Broker and Brokers agents owe no duty to independently verify the accuracy or completeness of any statement made by any source reasonably believed by the Broker and Brokers agents to be reliable. Buyer has been advised to seek professional advice concerning the condition of the property, legal and tax matters. Entire Agreement. This Agency Agreement constitutes the entire agreement between the parties relating to the subject hereof, and any prior agreement pertaining thereto, whether oral or written, are merged and integrated into this Agency Agreement. Financial Capability. Buyer has applied or agrees to apply for financing immediately upon signing of this contract and authorizes Broker to obtain financial information from Buyers lender. Receipt of a copy of this Agreement by Buyer is hereby acknowledged. Date________________ Phone _________________ Date ________________ Phone _________________

118Buyer__________________________________ 119 120Buyer__________________________________ 121 122Address 123

____________________________________________________________________________

124City _______________________________________ State/Zip ______________________________ 125 126E-mail address________________________________________________________________________ 127 128Broker/Firm 129

_________________________________________________________________________

130By Agent ______________________________________________ Date _____________________ 131================================================================================ 132 133THIS 134 135 136 137Buyer 138 139Buyer 140

AGREEMENT IS EXTENDED TO _______________________________ (date) at midnight. Receipt of a copy of this agreement by Buyer is hereby acknowledged. __________________________________________________ __________________________________________________ Date __________________ Date __________________

141Broker/Firm_______________________________________________________________________ 142 143 144 145 146 147 148 149 150 151 152

by Agent _______________________________________________

Date __________________

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153 AGENCY AGREEMENT ADDENDUM 154This addendum is attached to and made a part of the ___ listing agreement ___ buyer agency agreement dated ___________________, 155between __________________________________________________________________________________(Brokerage Firm) and 156________________________________________________________________(Client). 157I. IF THE BROKER REPRESENTS THE ___SELLER/LANDLORD ___ BUYER/TENANT: If a broker enters into an 158agreement to represent a seller/landlord or buyer/tenant as a client, the broker and all licensees associated with that broker represent 159the client. An agent/subagent owes the client the duties of loyalty, obedience, disclosure, confidentiality, reasonable care and 160diligence, and full accounting. 161 162II. IF THE BROKER APPOINTS AN ASSOCIATE LICENSEE TO REPRESENT THE ___SELLER/LANDLORD or 163___BUYER/TENANT: If a broker enters into an agreement to represent a seller/landlord or buyer/tenant as a client, the broker 164appoints _____________________________________ as the clients appointed agent. For the purposes of this addendum, the client 165shall have an agency relationship with ONLY the appointed agent, the responsible broker _______________________________ and, 166if applicable, responsible brokers designated broker ________________________________________. 167The responsible broker may appoint other affiliated licensees during the term of the brokerage agreement should the appointed agent 168not be able to fulfill the terms of the brokerage agreement or as by agreement between the responsible broker and the client. An 169appointment of another affiliated licensee or an additional affiliated licensee does not relieve the first appointed agent of any duties 170owed to the client. 171 172III. IF THE BROKER, ASSOCIATE LICENSEE OR APPOINTED AGENT REPRESENTS BOTH THE 173SELLER/LANDLORD AND THE BUYER/TENANT: A real estate broker acting directly or through an associate licensee or 174appointed agent can legally be the agent of both the seller/landlord and the buyer/tenant in a transaction, but only with the knowledge 175and written consent of both parties. If a buyer/tenant represented by a broker wants to see a property of a seller/landlord being 176represented by the same broker, the following provisions will govern the actions of the broker. 177 178 A. The broker may not knowingly say anything or do anything which might place one party at a disadvantage, disclose 179 personal confidences of one party or the other party, or any other information a party specifically instructs the broker 180 in writing not to disclose, unless disclosure is required by law. 181 182 B. The broker may not, without the prior express written consent of the owner, disclose to the buyer/tenant that the 183 owner might accept a price less than the listing price, nor shall the broker, without the prior express written consent of 184 the buyer/tenant, disclose to the owner that the buyer/tenant may be willing to pay a higher price, or accept terms less 185 favorable to the buyer/tenant than those indicated in the buyers/tenants previous offer. 186 187 C. The broker may not represent the interests of either the owner or buyer/tenant to the detriment of the other party. The 188 broker is obligated to inform each party of all facts the broker knows which would affect the partys decision to 189 permit the broker to represent both the owner and the buyer/tenant. 190 191CONSENT AGREEMENT: If the seller/landlord elects to negotiate with a buyer/tenant that is a client of the broker, or a 192buyer/tenant elects to negotiate with a seller/landlord that is a client of the broker, it is understood that both parties will be required to 193confirm, in writing, their election to have the broker act as a consensual limited agent. 194 195AGENT OBLIGATIONS: Regardless of representation, the broker shall: Disclose all known material facts about the property 196which could affect the buyers/tenants use or enjoyment of the property, disclose information which could have a material impact on 197either partys ability to fulfill their obligations under the purchase/lease agreement, respond honestly and accurately to questions 198concerning the property, and deal honestly and fairly with all parties. The duties of the broker in a real estate transaction do not 199relieve an owner or buyer/tenant from the responsibility to protect their own interests. You should carefully read all documents to 200assure that they adequately express your understanding of the transaction. If you have questions regarding the duties and 201responsibilities of the broker, you should resolve those questions before proceeding further. 202 Having read and understood this information about agency, I instruct Broker as initialed below: 203 204 I agree to an appointed agency relationship as described in section II above. _____/_____Yes _____/_____No 205 206 I agree to a potential limited agency representation as described in section III above. _____/_____Yes _____/_____No 207 208___________________________________________________ _______________________________________________________ 209[ ]Buyer/Tenant [ ] Seller/Landlord (date/time) [ ]Buyer/Tenant [ ]Seller/Landlord (date/time) 210 211______________________________________________________ by__________________________________________________ 212[ ] Broker (date/time) [ ]Agent (date/time) 213 Page 4 of 4 4SDREC.EXCLUSIVE BUYERAGENCY.2008