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Matrix Asset Management - Property Referral
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Matrix Asset Management - Property Referral

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  • 1. PROPERTY REFERRAL FORM Property Address: Client Loan Number / FAREO Number: / In accordance with the Master Listing Agreement dated _______, by and between First American REO Servicing as agent for Owner and ______ as Broker, Broker is hereby authorized to market and sell the above referenced property based on the following terms: Property is to be marketed at a list price of $_______. Minimum earnest money deposit of $______ is to be received with any offer. All offers are to be submitted to FAREO through www.reoSource.com. Owner agrees to pay a commission of _____% of the net sales price of the property or a minimum of $_____ whichever is greater. This is only payable to the Broker or cooperating agent when the sale is closed, funded and title has transferred. The Listing Broker shall pay to FAREO a referral fee equal to the greater of $_____ plus $75.00 or _____% plus $75.00 of the listed real estate commission from a sale of the property referenced herein. This referral fee is to be paid directly to FAREO at closing. If Listing Broker is also the Selling Broker, the Broker shall pay to FAREO a referral fee equal to the greater of $________ plus $75.00 or _______% plus $75.00 of the whole commission from the sale of the property referenced herein. This referral fee is to be paid directly to FAREO at closing. Listing Broker agrees to offer cooperative commission, to Selling Broker, of no less than $_____ or _____% of the sales price, whichever is greater. The Broker shall place all properties in the local multiple listing service, place company signage on the property, and publish cooperative commission where appropriate and required. The MLS printout is to be faxed to Asset Manager at _______ This Listing shall commence on _______ and shall terminate at midnight on ______ or upon receipt by Broker of a written cancellation notice from First American REO Servicing. However, if on such termination date, there is a pending and valid earnest money contract in effect and the transaction has not closed and funded, this agreement shall continue in effect beyond the termination date and shall terminate on the earliest of the following dates: (1) the closing and funding of the transaction, or (2) the earlier termination of such contract. Disclosures and/or Special Provisions: 1. Deed shall be conveyed by Special Warranty Deed or its local equivalent; and 2. Under no circumstances shall Broker or any cooperating broker be entitled to a commission if the Purchaser of the subject property is also (i) said Broker or cooperating broker; (ii) an employee of said Broker or cooperating broker (or an employee of a company affiliated with said Broker or cooperating broker); or (iii) a member of the Broker or cooperating broker’s immediate family; and 3. If the Contract of Sale contains seller concessions including, but not limited to, points, closing costs, repairs, etc., then the commission referred to above shall be calculated based on the purchase price of the property less any such seller concessions (i.e. commission shall be calculated based on the net sales price of the transaction). 4. Expense Payments and Reimbursements: Expenses must be submitted on a timely basis. If First American REO Servicing does not receive the request within 30 days from the date of service, payment may be denied. If this Agreement is altered in any way, it becomes null and void. Executed this ______ day of ______ 200_____. Company Name: Phone. No.: Address: By: _______________________________________ Duly authorized agent First American REO Servicing Asset Manager: 717 17th Street, Suite 200 Phone: Denver, CO 80202 Fax: Email: By:________________________________________ Date:_________________________ First American REO Servicing Property Referral / Sample (Revision 8/07) ©The First American Corporation – Proprietary Information For use exclusively by First American REO Servicing employees and approved associates

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