Notice: Sections 15 and 20, Texas Real Estate License Act, require certain agreements with real estate brokers to be in writing. VIRGINIA COOK REALTORS TENANT REPRESENTATION AGREEMENT / EXCLUSIVE RIGHT TO LEASE SALES ASSOCIATE: ____Melinda Knecht__________________________________________________________________ TENANT(s): ___________________________________________________________________________________________ MARKET AREA: Select One or More: пЃ± City or area of city: ___________________________________________________________________________ пЃ± County: ________________________________ пЃ± Specific Property or Properties (Address): _______________________________________________________ TERM: COMMENCEMENT DATE: _________________________ EXPIRATION DATE: __________________________ PROFESSIONAL SERVICE FEE: __50_ % of one-monthвЂ™s rent. 1. APPOINTMENT OF BROKER: Effective upon the Commencement Date and continuing through the Expiration Date, Tenant appoints Virginia Cook, Realtors, (the вЂњBrokerвЂќ) as TenantвЂ™s exclusive agent to represent and assist Tenant in leasing a property within the Market Area from a property owner (the вЂњLandlordвЂќ). Tenant shall conduct through Broker all efforts to locate property within the Market Area and shall conduct through Broker all negotiations for the lease of any property within the Market Area. Tenant represents there is no existing agreement between Tenant and any other real estate broker for the lease of property within the Market Area. 2. PROFESSIONAL SERVICE FEE: The Professional Service Fee (the вЂњFeeвЂќ) is earned when Tenant enters into a contract to lease property within the Market Area prior to the Expiration Date or within 120 days after the Expiration Date for any property within the Market Area shown to Tenant by Broker during the term of this agreement, provided that (i) Broker, within 10 days after the Expiration Date has given Tenant a written list of all properties shown to Tenant within the Market Area during the term of this agreement and (ii) Tenant has not entered into another representation agreement with a Texas licensed real estate broker for properties within the Market Area. Broker will endeavor to collect the Fee in the form of a commission (the вЂњCommissionвЂќ) from the Landlord or LandlordвЂ™s broker. If Landlord or LandlordвЂ™s broker offers a commission less than the fee, Broker will inform Tenant in advance and Tenant agrees to pay Broker the difference between the Fee and the Commission. 3. AGENCY RELATIONSHIP: Tenant acknowledges receipt of the publication entitled INFORMATION ABOUT BROKERAGE SERVICES (вЂњIABS"). Broker shall exclusively represent Tenant in all transactions other than for the lease of property listed for lease by Broker. For properties listed for lease by Broker, Tenant agrees and consents to the following agency relationship with Broker: Initial One _____ A. Tenant does not wish to be shown property listed for lease by Virginia Cook, Realtors. _____ B. Tenant wishes to be shown properties listed for lease by Virginia Cook, Realtors, but not properties listed for lease by Sales Associate and consents that should a transaction for the lease of such property result, Broker shall be authorized to act as an intermediary through the appointment of separate вЂњAppointed LicenseesвЂќ to work with and carry out instructions of each party. ________________________________________________________________________________________________________________ Tenant Representation Agreement Page 1 of 2 Initialed for Identification: __________, __________ Tenant and __________ Broker / Associate Tenant Representation Agreement between _Melinda Knecht of Virginia Cook Realtors and _____________________________________________________ ______ C. Tenant wishes to be shown properties listed for lease by Virginia Cook, Realtors, including properties listed for lease by Sales Associate and consents that should such a transaction for the lease of such a property result, Broker shall be authorized to act as an intermediary with Sales Associate acting solely as an вЂњIntermediary RepresentativeвЂќ of Broker, working with both Tenant and Landlord. If broker is authorized to act as an intermediary under B. or C. above, sales associates of Broker working with Tenant shall be representatives of the Broker acting as an intermediary. Refer to IABS for the obligations of a broker acting as an intermediary. 4. COMPETING REPRESENTATION: Tenant acknowledges and understands that Broker may be representing other prospective Tenants competing for some of the same or similar properties being shown by Broker to Tenant. Tenant consents to such competing representation by Broker of such other prospective Tenants. 5. MISCELLANEOUS PROVISIONS: (a) Broker and BrokerвЂ™s Sales Associate shall perform their obligations without regard to the race, color, religion, national origin, marital status, sex, handicap, or familial status of any prospective tenant or landlord. (b) In any suit to enforce this agreement the prevailing party shall be entitled to recover reasonable attorney fees. (c) This Agreement contains the entire agreement of the parties and shall not be modified except in writing. (d) Broker cannot give legal advice. This is a binding legal document. Read it carefully and if you do not understand it, consult an attorney. EXECUTED ON THIS __________ DAY OF ______________________________, __________. BROKER: VIRGINIA COOK, REALTORS TENANT: __________________________________________ Sales Associate: _______________________________ Address: __________________________________________ Printed Name: ___Melinda Knecht_________________ __________________________________________ Broker License: Address: 0470306 Telephone: ________________________________________ 5950 Sherry Lane, Suite 110 E-mail: ___________________________________________ Dallas, Texas 75225 TENANT: _________________________________________ Telephone: 214.520.4401 Address: __________________________________________ Facsimile: 972.407.4745 __________________________________________ E-mail: [email protected]_______________ Telephone: ________________________________________ E-mail: __________________________________________ _________________________________________________________________________________________________________________ Tenant Representation Agreement Page 2 of 2 Initialed for Identification: __________, __________ Tenant and __________ Broker / Associate