How To Use
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.
_____, 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).