REO LISTING CONTRACT
REO/LOAN #: _____________
NPR ASSET MANAGEMENT hereby employs
_______________________________________________ (Broker/Company)
________________________________________________ (Assigned Agent) Giving said party
the
exclusive right commencing on_______________________ (Date) and terminating at midnight
to
sell the real property described as follows:
____________________________________________________________________________
__
Address
_______________________
______________________________________________________
City
State ZIP
The list price at which the Property will be offered shall be $ _______________, subject to
change at any time by NPR ASSET MANAGEMENT and NPR ASSET MANAGEMET retains
the right to reject an offer for any reason.
Seller agrees to pay Listing Broker for its services pursuant to this Agreement___% (percent)
of the sales price of the Property, without a referral fee, subject to the following conditions:
The compensation shall be earned and payable only upon the successful transfer of title to
a purchaser procured by Broker.
Seller further agrees to pay _____% (percent) of the sales price to the cooperating broker who
procures the purchaser who successful closes the purchase of the Property. All commission
will be paid directly from final settlement proceeds. Notwithstanding anything this Agreement to
the contrary, NPR ASSET MANAGEMENT reserves the right to terminate this Agreement for
any reason upon three (3) days written notice. In the event the property sells for $35,000 or
less, total commissions to listing agent $________ /buyer agent $________.
AGENCY RELATIONSHIP
Broker shall act as the agent for company. It may be necessary for Broker to act as agent of
both Seller and a potential purchaser of the Property. In such case, Broker shall disclose to
Company any election to act as dual agent representing both Seller and Purchaser.
PROPERTY CONDITION
Broker acknowledges that Seller acquired the Property as a result of foreclosure, by a deed
in lieu of foreclosure, or otherwise similar procedure or transaction. Seller is unaware of the
condition of the Property. Seller makes no warranties, expressed or implied, as to the
condition of the Property or the presence of any hazardous substances. It is the intent of
the Seller to sell the Property in its present “as-is” condition unless otherwise agreed to in
writing. Seller shall not provide a survey, property condition inspection, homeowner’s
warranty, or Certificate of Occupancy, unless required by law or as otherwise negotiated at
time of sale. Seller reserves the right to approve or reject any required repairs to the Property
in Seller’s sole and absolute discretion. Company requires buyer signed USRES counter
offer/ addendum and addendums A and B with delivery of buyer's original purchase
contract.
INDEMNIFICATION
Agent shall indemnify, defend and hold harmless NPR ASSET MANAGEMENT, its officers,
directors and employees from and against claims, litigation, liabilities, damages, losses and/or
costs of defense except and unless such claims, litigation, liabilities, damages, losses and/or
costs and expenses are the direct result of NPR ASSET MANAGEMENTS sole negligence or
willful misconduct.
EQUAL HOUSING OPPORTUNITY
Broker agrees that it will fully comply with all federal, state and local laws, ordinances and
regulations prohibiting discrimination on the basis of race, color, religion, ancestry, national
origin, sex, marital status, family status, age, sexual orientation, physical handicap or disability.
LEAD BASED PAINT
Every purchaser of any interest in residential real property on which a residential dwelling was
built prior to 1978 is notified that such property may present exposure to lead from lead-based
paint. The seller of any interest in residential real property is required to provide the buyer with
any information on lead-based paint hazards from risk assessments or inspections in the seller’s
possession and notify the buyer of any known lead-based paint hazards. A risk assessment or
inspection for possible lead-based paint hazards is recommended prior to purchase.
Seller’s Disclosure
____ Seller has NO KNOWLEDGE of lead-based paint or lead-based paint hazards in the
housing.
____ Seller has NO REPORTS OR RECORDS pertaining to lead-based paint and/or leadbased paint hazards in the housing.
ADDITIONAL TERMS
Broker represents that Broker is not the former owner, nor related by blood or by marriage to
the former owner of the Property. Any previous associations to the Property or its owner(s)
must be disclosed prior to Broker signing this agreement.
Broker may not assign rights, duties or obligation under this Agreement, without prior written
consent of NPR ASSET MANAGEMENT, which NPRAM may withhold, for any reason at its
discretion. The listing agreement shall terminate automatically if a PMI Company insuring the
defaulted loan exercises its options to purchase the Property in claim settlement, or if an
underlying Investor transfers servicing of the defaulted loan. In such case, no brokerage
commission will be paid. NPR ASSET MANAGEMENT reserves the right to cancel this
Exclusive Authorization and Right to Sell Agreement at its sole discretion for any reason without
payment of a brokerage commission. Once agent has received this contract the agent has
approval to sign required MLS submissions on our behalf per terms of this contract above.
NPR ASSET MANAGEMENT
1873 MARLTON PIKE EAST
CHERRY HILL, NJ 08003
(P/F) 888-677-6906
I agree by typing my name as my electronic signature, it is acknowledged and understood that it
constitutes an acceptance of all the terms and conditions contained in this agreement and is
valid and enforceable in accordance with the "Electronic Signatures in Global and National
Commerce Act."
I have read, understand, and agree to all the terms, disclosures, and conditions of this
agreement.
By electronically signing this form I acknowledge that all the information provided by me in this
form is true and correct and authorize NPR ASSET MANAGEMENT to verify any and all
information contained herein.
TYPE YOUR NAME AS YOUR ELECTRONIC SIGNATURE
License #: _______________________
Signature: __________________________________________________