06-1660 NAI Realvest Broker Agreement

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EXHIBIT A EXCLUSIVE RIGHT OF SALE AGREEMENT This Exclusive Right of Sale Agreement ("Agreement") is made between The City of Casselberry, having its principal offices at 95 Triplet Lake Drive, Casselberry FL 32707 ("Owner"), and Realvest Partners, Inc. d/b/a NAI Realvest, a Florida corporation and a licensed real estate broker having its principal offices at 2200 Lucien Way, Suite 350, Maitland, Florida 32751-7019 ("Agent"). 1. Employment of Agent: Owner employs Agent as sole and exclusive agent to sell the real property and improvements described on the attached Exhibit "A" (the "Property") subject to the terms and conditions afthis Agreement. 2. Term of Listing Agreement: (a) Terrn: The "Term" of this Agreement will be for a period af365 days beginning on the date Owner executes this Agreement and ending at midnight on the 365th day thereafter terminated or extended as provided in this Agreement. (b) Early Termination: This Agreement may terminate before the expiration of the Term as follows: (1) If a petition in bankruptcy is filed by or against either party or if either party makes an assignment for the benefit of creditors or takes advantage of any insolvency act, the other party may terminate this Agreement upon ten (10) days written notice. (2) If either party fails to comply with any rule, order, determination, ordinance or law of the federal, state, county or municipal authority pertaining to the Property or this Agreement, the other party may terminate this Agreement upon ten (10) days written notice. (3) If either party defaults in the performance of any of its obligations under this Agreement and the default continues for thirty (30) days after notice from the other party designating the default, the party not in default may terminate this Agreement upon ten (10) days written notice. 3. Obligations of Agent: Agent shall have the primary responsibility for securing buyers for the Property and shall use its best efforts to do so. Agent is authorized to use reasonable efforts to sell the Property, including but not limited to the following: (a) Cold Call Prospecting. (b) Market on a "one to one" basis by mail, telephone and in person. (c) Cooperate fully with outside brokers in securing buyers for the Property. (d) Show the Property to prospective buyers and outside brokers and provide them with detailed building and sales information furnished by Owner. (e) Quality prospective Buyers to determine their needs and capabilities. Agent shall determine the preliminary requirements of the prospective Buyer and comparable properties that the prospect would consider. . f"'> / (f) Negotiate all sales on behalfofand in consultation with the Owner. 'l/ 1