_________________, referred to as OWNER, and __________________, referred to as BROKER, agree:
OWNER owns property described as:
which OWNER desires to exchange for:
Like kind property, with no more than $_____(________________& ___/100 dollars) boot required to be paid by OWNER, and no more than $_____(_____________&___/100 dollars) boot to be received by OWNER. The transaction procured by BROKER shall qualify for a tax free exchange for OWNER, subject to the limitations of boot described above.
BROKER is herewith appointed to act as exclusive agent to negotiate an exchange for a period of _ months, under the terms and conditions stated above. Should BROKER procure an exchange, meeting the criteria stated above BROKER shall be entitled to compensation as follows:
A minimum commission of $_____(____________&___/100 dollars); and ____ per cent of boot received (if any).
Exchange Agreement, Brokerage Arrangement
This review list is provided to inform you about this document in question and assist in its preparation. This Exchange Agreement brokerage is a standard agreement for such circumstances. You can alter the terms and conditions easily within the document itself.
- Make multiple copies. Put a copy with the transaction file and be sure each signatory has one.
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