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Back to Forms for 'Agency'.


POWER TO CONTRACT PROPERTY SALE - RESERVATION TO WITHDRAW

POWER TO CONTRACT PROPERTY SALE - RESERVATION TO WITHDRAW

 
The principal grants the agent specific authority to negotiate, execute, and deliver a contract of sale for property to any purchaser found by the agent within __________ months from date of this notice, and is subject to the following terms and conditions:
 
No price will be accepted if it is less than ________________________($__________).  Any payment must be made by:  ___________________________________________ (describe the terms and conditions of payment);
 
The property is to be transferred by principal to purchaser according to the specified terms, and after the completion and acceptance of the contract with a good and sufficient _____________________________ (warranty or as the case may be) deed;
 
The principal agrees to provide, to any potential purchaser, within _______ (____)days after a deposit by the potential purchaser of _______________($______) is made with principal or with agent for principals account, ________________________________ (a complete title or a policy of title insurance covering title) to the property;
 
If the agent completes the sale of the property according to this agreement within __________ (___) months from the date of this notice, the principal agrees to pay the agent a commission of __________ percent (_____%) of the purchase price;
 
The principal has the right to withdraw the property __________ (____) days from the date of this notice by giving notice of such withdrawal to the agent in writing, provided that the sale of the property is not pending.

 

Signature ________________________________



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