Option to Purchase Real Estate Agreement

0 / 0 fields

Option to Purchase Real Estate Agreement

“Joint Venture Agreement”

Optionor:

Optionee:

Property:

1.Consideration

In exchange for $1.00 and other good and valuable consideration, the Optionor named above (“Optionor”) gives the Optionee the non-exclusive right to bring a buyer for the property listed above.

2.Term

The Option begins on the signing date and expires , 20 at 11:59 p.m. Optionee must use Optionor’s Purchase Agreement. Optionor retains the right to choose the closing attorney.

3.Profit Split

Net proceeds from the transaction (after closing costs, taxes, and any agreed expenses) shall be distributed as follows:

  • to Optionor
  • to Optionee
4.Right to Cancel

Optionor may cancel this agreement at any time prior to Optionee giving to Optionor an accepted purchase agreement. If this agreement is cancelled prior to receiving a deposit, Optionee may not engage in any transaction related to the above-mentioned property.

5.Disclosures
Optionee a licensed real estate broker and/or agent.

Optionee will be making a profit from this transaction and is not representing any party.

6.Additional Provisions
    By signing below, both parties understand and agree to the terms and conditions of this Joint Venture Agreement.
    Optionor Signature:
    Date:
    Print name & title:
    Optionee Signature:
    Date:

    Name / Title:

    Phone / Email:

    Option to Purchase Real Estate Agreement