1)      There is a $678.00 (includes HST) application fee to cover:
·        Independent Appraisal
·        Independent Property Inspection
2) Subject property is listed at 6% commission:
·        2.5% Selling Broker
·        2.5% Listing Broker
·        1.0% Guarantor (RE/MAX Twin City Realty Inc., Brokerage)
3) The Market Value is the agreed upon value between:
·        Independent Appraised Value
·        Seller
·        Guarantor (RE/MAX Twin City Realty Inc., Brokerage)
4) In the event the 90 day listing period does not result in an acceptable offer, 95% of the Market Value is guaranteed to the Seller (less commissions and applicable tax).
5) There is a minimum of a 90 day closing period, during which time the property is listed at no more than 5% above the appraised (agreed upon) market value. If the subject property sells prior to closing, any net gain will be to the benefit of the Seller. Above commission will apply.
6) It will not apply for a single transaction (ie sale only). There must be a minimum of 2.5% selling broker commission payable on the property being purchased.
7) In the even the Guarantor is required to close the subject property all commission pertaining to both the subject and purchased property will be held by the Guarantor until the subject property is sold; any subsequent shortage due to closing costs, etc. will be absorbed by the Guarantor, any coverage will be paid to the Realtors involved.
8) The Listing Realtor for the subject property will retain the listing and provide normal property management.
·        Maximum Listing Price of $300,000
-       Available for new to market properties only. Properties listed for more than 30 days may not qualify.

·        Rural properties do not qualify

·        Multi residential do not qualify
This program itself is sujbect to change and/or cancellation at any time, without notice. RE/MAX Twin City Realty Inc., Brokerage has sole discretion as to which property will or will not qualify. Errors and Omissions Excluded.

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