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 ________________________________
