Agency Contract

Chicago, Illinois.................19___

I Hereby Grant You, for a period of............months from this date, and thereafter until this agreement is revoked by notice in writing delivered to you, the exclusive right to sell the property hereinafter described; and in consideration of your accepting said agency and endeavoring to sell said property I agree to pay you a commission of....................per cent, of the price obtained if a purchaser is procured during said period, by you or me or anyone else, upon the terms named or upon any other terms which I shall accept.

Said property is known as Number..........................Street,

Chicago, and is improved with.........................................

The legal description is...........................................

(Description here.)

The price of said property is...............................Dollars.

The terms of sale are as follows: The sum of.....................

Dollars is, upon the signing of an agreement of sale, to be paid by the purchaser as earnest money, and said agreement and earnest money are to be held by.............................................................in escrow. The further sum of..................................dollars is to be paid upon acceptance of the title and delivery and acceptance of a sufficient warranty deed conveying a good title to said premises. Both of said sums are to be paid to me upon delivery of said deed.

The said conveyance is to be made subject to the following incumbrance, viz.:.................................................. dollars due............................. 19......with interest at...........per cent, per annum........................................... dollars due .............................19___ with interest at.............

1 See Sec. 117-119 supra.

2 Omit this provision If exclusive agency is not desired. Even though the broker is given the exclusive agency, the principal may always sell independently of the broker, unless. as is the case here, he precludes himself from so doing. See Sec. 2.19, 240 supra.

3 See also Form 37 infra.

4 Supplied by and published with the permission of the Cook County Real Estate Board. When this form is used the "Agent's Sale Contract" (Form 26) is annexed in order that any offer made on the property may be in the exact terms of the exclusive agency.

per cent, per annum.

The principal of said incumbrance is to be deducted from the purchase price above named, and the interest thereon is to be prorated as of the date of the delivery of said deed.

Payment of ...................................dollars of said purchase price may be deferred for not more than...............years, with interest at..........per cent, per annum, evidenced by notes secured by trust deed, which are to be delivered to me at the time of delivery of said deed. The principal may be made payable on or before a given date.

I agree to deliver, at my option, either a merchantable abstract of title or a title guarantee policy for the amount of the above named purchase price, covering said property and brought down to the date of the agreement of sale above provided for; and within five days after the acceptance of the said title I agree to deliver a good and sufficient warranty deed conveying said property in accordance with such agreement.

Singular pronouns of the first person shall be read as plural when this agreement is signed by two or more persons.

...............................[seal]

...............................[seal]

Accepted:

..................................[seal]

Form 38. - Authority to Broker to Exchange Property.