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HomeMy WebLinkAboutAmy Wienands R.E. - 12/16/19chF-51 Fri-,iw ACKNOWLEDGMENT AGENCY DISCLOSURE AND provided.) COMPANY POLICY/ specific assistance is first p outset (To be signed by Seller/Buyer at or prior to the time you should from the regarding a real estate transaction, Y importantly, you should understand how that y a discussion withea treal in the transaction. ntate licensee More i resenting"Company" hereinafter refers E o the (hereinEafter reate ferred to licensee l representing the Company (thes atvailable Wienands Re cts your relationship representation options available from Amy Below is a list of the rep as the "Company") The term "Seller" shall hereinafter refer to s for each policy that applies to Company. tim "S �, appropriate box{) Tenant or Op "Buyer" shall hereinafter refer to Buyer, it is Licensee has "checkedtioner.pThe perm a different real estate Company, Seller, Landlord or Op is sold by SELLER EXCLUSIVE AGENCY lists property for sale and the property When li the Company/Licenseean to represent the Seller(s) exclusively. the policy of the Company is listed with a your purchase agreement and the property exclusively. If the BUYER EXCLUSIVE AGENCY you in writing resent the Buyer(s) When the Company/Licenseeestatecompany, y, assists Y policy of the Company/Licensee to rep receive compensation the an itis the the Company/Licensee may Companies for may be different real estate comp y�exclusively, A Company/Licenseean ursuant to a cooperation agreement between the two represents the Buyer(s) transaction from the listing company p compensated bya SELF REPRESENTATION or selling) may represent themselves in ansto ctitreaf a Buyer u Buyer or S llerperelecte, partnership, esentohemselves company (buying olic of the Company/Licensee Seller as toC stomer" and n t as a in a "Client". "Customer" ter" me policy of real estate ion �� not as a "Customer" means a consumerlicensee, for whom the licensee may perform ion water as a es at e tra andrepresented by the licen ient of another broker, may not have yet decided whether or not to be ministerial a real estate transaction r aye isy not being broker.t"Client" is orn olbe under represented nt acts.byA any broker, or may ehave chosen not to be represented by any represented by b "Duties of a Real Estate Licensee to a Client". A.. WWhe n a real estate company and the Selling Company are CONSENSUALAGENCY both lists and sells the property (the Listing Company of the Company/Licensee to represent the Seller(s) and Buyer(s) as Consensual he the same company), it is the polic Y Dual Agent(s). be e B. A hel estateuCompany/ Licensee acting directly or through a licensee can legal yIf a the Agentreof both theSeller and the Buyer, but only with the knowledge and written consent of booterp of a Seller being represented by the same Company/Licensee wants detailed information about, or to see, a p p Y Company, the Company/Licensee wants detailed information about, or to see, a property of a Seller being p Y e com any, the Company/ Licensee shall make every reasonable effort or remain iand mpartial to represented by et scm p immediately becomes a Dual Ag theent.r parties. In these circumstances, Company/Licensee Y/Licensee acknowledge that prior to such circumstances, Company/Licensee acted as agent of the Seller and acted as agent of those separate roles, Company/Licensee may have obtained information which, if disclosed, could the Buyer. In p Licensee. position of the party providing such information to Company harm the bargaining p Licensee: Provisions that govern the actions of Company/ disclose sayanything which might place one party at a disadvantage,odng discegy, or 1. Company/Licensee shall not knowingly Y personal confidence of one party to the other party, including censeaeiin sell/buy, to disclose, unless any other information a party specifically instructs Company/ tat 2. Company/Licensee shall not, without prior written consent Seller, disclosethaistoo Buyer hn thell Sellermightaccept disclosure is required by law. r n ng a price less than the listing price, or accept terms less favorable ag reement, nor shall Company/Licensee, without the prior less favorable to Buyerress writtn consent of Bthan disclose to Seller in a that Buyer may be willing top Y a higher price, or accept interests of 3. Company/Licensee will endeavor to be impartial between the parties and is not represent ted to ant the Buyers last written offer. each party either Seller or Buyer to the detriment of the other party. Company/ de of all facts Company/Licensee knows which would affect the party's decision to permit Company/Licensee to represent both Seller and Buyer. Seller and Buyer are not required to consent to Dual Agency. 1 of 2 Please return this copy to: City Clerk & Finance Dept. 715 Mulberry St. Waterloo, IA 50703 dotloop signature verification: dtip.us; l thF-51 Fh-g1nM ROLE OF BUYER AND SELLER IN CONSENSUAL AGENCY. In a Dual Agency situation, Seller and Buyer acknowledge and agree they have the responsibility to negotiate and make their own decisions as to what terms are to be included in any agreement for the purchase and sale of Seller's property. Seller and Buyer also acknowledge they understand that Company/Licensee representing more than one party to a transaction can create a conflict of interest since both clients may rely upon Company/Licensee's advice, and the client's respective interests may be adverse to each other. Seller and Buyer understand they may seek independent legal counsel in order to assist them with any matter relating to a purchase agreement or any other aspect of this transaction. Seller and Buyer have the duty to protect their own interests and are advised by Company/ Licensee to carefully read all documents to assure that they adequately express the parties understanding of the transaction. If Seller or Buyer have questions regarding the duties and responsibilities of Company/ Licensee, those questions should be resolved before signing this document. BROKER'S ADMINISTRATIVE TRANSACTION FEE The broker's administrative fee covers a portion of the cost of printing, handling and archiving all documents required by local, state and federal laws and regulations. In addition, the Client will also receive a zip drive of all pertinent documents pertaining to their transaction. The zip drive will be sent by 1st class mail, within 30 business days of closing, to the address provided at closing. All paper documents will be retained for a period of 5 years. The Client agrees to pay Amy Wienands Real Estate an administrative fee of $198 at the time of closing. DUTIES OF A REAL ESTATE LICENSEE TO A CLIENT A client is a party to a transaction who has an agency relationship with a Company/ Licensee for real estate services. A Company/ Licensee providing real estate services to a client shall do all of the following: a. Place the client's interests ahead of the interests of any other party, unless loyalty to a client violates the Licensee's duties under the Consensual Dual Agency provision of the Iowa Code or any other applicable law. b.Disclose to the client all information known by the Company/ Licensee that is material to the transaction and that is not known by the client or could not be discovered by the client through reasonably diligent inspection. c.Fulfill any obligation that is within the scope of this Company Policy/ Agency Disclosure and Acknowledgment, except those obligations that are inconsistent with other duties that the Company/ Licensee has under the provisions of the Iowa Code or any other law. d. Disclose to a client any financial interests the Company/ Licensee has in any business entity to which the Company/Licensee refers a client for any service or product related to the transaction. The client is not obligated to use any such recommended company, and may select a different company. Note: Compan icense circle applicable) has a financial interest in or an affiliate relationship with the following companies or business entities: Black Hawk County Abstract & Title DUTIES OF A REAL ESTATE LICENSEE TO ALL PARTIES TO THE TRANSACTION In providing real estate services to all parties to a transaction, Company/Licensee shall do all the following: A. Provide brokerage services to all parties to the transaction honestly and in good faith. B. Diligently exercise reasonable skill and care in providing real estate services to all parties. C. Disclose to each party all material adverse facts that the licensee knows except for the following: 1. Material adverse facts known by the party 2. Material adverse facts the party could discover through a reasonably diligent inspection, and which would be discovered by a reasonable prudent person under like or similar circumstances. 3. Material adverse facts the disclosure of which is prohibited by law. 4. Material adverse facts that are known to a person who conducts an inspection on behalf of the party. D. Account for all property coming into the possession of a licensee that belongs to any party within a reasonable time of receiving the property. If you do not understand this document, seek legal advice before signing. The undersigned acknowledges that the Company/ Licensee has made a full disclosure of the types of representation the Company can provide. The undersigned acknowledge receipt of a copy of this Company Policy/ Agency Disclosure and Acknowledgement document. Seller/Buyer Date C{kc�r'Cf/lesuc�u/a dotloop verified 11/18/193:13 PM CST 2105-C1 G W-KQKE-RFBN Licensee 2 of 2 Date Seller/Buyer Date 98-103 Adopted by the Northeast Iowa Regional Board of REALTORSO (Revised 1/15) SELLER DISCLOSURE OF PROPERTY CONDITION PROPERTY ADDRESS 219 Newell St. Waterloo, IA 50703 0 3 • _fry OWNERS NAME(S). PLEASE PRINT City of Waterloo PURPOSE OF STATEMENT: The State of Iowa requires the Seller(s) of certain property to disclose information about the property to be sold. Completion of this form shall satisfy the requirements of Chapter 558A of Iowa Code which mandates the Seller(s) disclose the condition of and information about the property the Seller(s) is about to sell. THIS STATEMENT SHALL NOT BE A WARRANTY OF ANY KIND BY THE SELLER(S) OR SELLER'S(S) AGENT AND SHALL NOT BE INTENDED AS A SUBSTITUTE FOR ANY INSPECTION OR HOME WARRANTY INSURANCE THE PURCHASER MAY WISH TO OBTAIN. SELLER'S(S) DISCLOSURE: As Seller(s), l/We disclose the following information regarding the property and certify that this information is true and accurate to the best of my/our knowledge as of the date signed. Seller(s) authorizes the agent to provide a copy of this statement to any person or entity in connection with actual or anticipated sale of the property or as otherwise provided by law. The following are representations made by Seller(s) and are not the representations of the Licensee, who has no knowledge of the condition of the property and Seller(s) agrees to indemnify and hold Licensee harmless. INSTRUCTIONS TO SELLER(S): (1) Respond to all questions or attach reports allowed by Iowa Code Section 558A4 (2). (2) Disclose all known conditions materially affecting this property. (3) If an item does not apply to this property, indicate it is not applicable (NA). (4)Additional pages or reports may be attached. (5) If the required information is unknown or is unavailable following a reasonable effort, use an approximation of the information, or indicate that the information is unknown (UNK). All approximations must be identified as (AP). ALL APPLIANCES & SYSTEMS INCLUDED IN THE TRANSACTION ARE IN WORKING ORDER EXCEPT AS NOTED. Item Good Working Order? Comments Alarm System (Built In) NA Yes ❑ No 0 Unk t 1 Attic Fan NA 0 Yes C1 No ❑ Unk 0 Central Vac System NA a, Yes ❑ No 0 Unk ❑ Ceiling Fan NA III Yes l 1 No 0 Unk ■ Dishwasher (Built In) NA ':+t Yes ■ No 0 Unk ❑ Furnace Humidifier NA Ki Yes 0 No ❑ Unk 0 Garage Door Opener NA ■ Yes el No ■ Unk ■ Number of Remote Controls: Garbage Disposal NA 0 Yes 1E1 No ❑ Unk 0 Gas Grill (Built In) NA la Yes Ills No 0 Unk Q Hood/Fan NA In Yes 0 No ■ Unk 0 Hot Tub (Built In) NA 621 Yes 0 No ❑ Unk C Intercom (Built In) NA la Yes • No !❑ Unk ■ Lawn Sprinkler System NA to Yes 0 No CJ Unk ❑ Microwave (Built In) NA ❑ Yes ■ No ■ Unk ❑ Pool System NA J Yes ❑ No CI Unk I[] Range/Oven (Built In) NA Yes ❑ No 0 Unk ❑ Refrigerator (Built In) NA Yes ❑ No 0 Unk 0 Satellite Dish System NA Iti No 0 Unk 0 Yes ■ Sauna (Built In) NA kt Yes ❑ No ❑ Unk ■ Smoke Alarm NA r Yes 151 No ■ Unk ❑ Solar Heating System NA i3 Yes ❑ No ❑ Unk ■ Sound System (Built In) NA a Yes [a No ❑ Unk i❑ Sump Pump (Built In) NA MI Yes ci No ❑ Unk ❑ Trash Compactor (Built In) NA t Yes CI No 1 Unk ❑ Water Filtration System NA fa Yes A No ❑ Unk ❑ Rented ❑ Owned ❑ Water Heater NA La Yes a No ❑ Unk ❑ Water Softener NA 21 Yes 9 No ❑ Unk ❑ Rented ❑ Owned ❑ Jetted Tub NA el Yes ❑ No ❑ Unk II Other NA 1 Yes ❑ No ■ Unk ❑ Pace 1 of 3 98-103 (Revised 1/15) PROPERTY ADDRESS 219 Newell St. Waterloo, IA 50703 PROPERTY CONDITIONS, IMPROVEMENTS AND ADDITIONAL INFORMATION: 1. BASEMENT / CRAWL SPACE / SLAB: Any known water, seepage or other problems? Describe: Repairs/ Replacement/ Date* 2. FOUNDATION(S): Anv known foundation damaae or settlement? Describe: Repairs/ Replacement/ Date: YesNo a- Unkll Yes CI No I I Unk❑ 3. ROOF: Any known problems? Describe: Is the property in compliance with local city ordinances requiring that perimeter tile lines do not drain into the city sanitary sewer? Describe: Repairs/ Replacement/ Date: 4. WELL WATER SYSTEM: Any known problems? NAEI Yes ❑ No ❑ Unk❑ Describe: Type of Well Location _ Age Has the water been tested? NA® Yes ❑ No ❑ Unk❑ If yes, date of last report and results: Any known plans to bring city or rural water to your area and/or requirements to connect to NAZI Yes CI No CI Unk❑ city or rural water lines when available? 5. CITY SEWER/SEPTIC TANKS/DRAIN FIELDS/OTHER DISPOSAL SYSTEM: Anv known oroblems? Yes i❑ No I J Unk❑ Describe: Septic System: Has the septic system been inspected by DNR certified Inspector? NAB Yes ❑ No Unk❑ Date of Inspection:, Certified Inspector name:_ Has septic System been pumped? Date last pumped Yes❑ No raUnkp' Any known plans to bring city sewer to your area and/or requirements to connect to city sewer? NAAI Yes❑ No ❑ Unk❑ Describe Repairs/ Replacement/ Date: Yes ❑ No .n Unk D Repairs/ Replacement/ Date:, 6. HEATING SYSTEM(S): Any known problems? Describe: Yes❑ No I I Unk0 Repairs/ Replacement/ Date: If you have an LP gas tank, is it rented tJ or owned 0 Comments: 7. CENTRAL COOLING SYSTEM(S): Any known problems? NA° Yes° No 15 Unk❑ Describe: Repairs/ Replacement/ Date: 8. FIREPLACE(S) / WOOD BURNING STOVE(S): Any known problems? Yes ❑ No j�j Unk❑ NAtig Yes fl No ❑ Unk❑ Describe* Date last used: Repairs/ Replacement/ Date: 9. PLUMBING SYSTEM(S): Any known problems? Describe' Repairs/ Replacement/ Date: 10. ELECTRICAL SYSTEM(S): Any known problems? Describe: Yes❑ NoUnk® YesNo Unk/❑ Repairs/ Replacement/ Date: 11. WINDOWS: Any known problems? Describe: Repairs/ Replacement/ Date: Yes IL] Nog Unk❑ 12. PEST INFESTATION: Any known problems? Yes() NUnk(] Describe: Repairs/ Treatment/ Date: 13. ASBESTOS/LEAD BASED PAINT: Any known Asbestos OR Lead Based Paint present? Yes fl No TO Unk❑ Describe: Removal/ Remediation/ Date 14. RADON: Any known test(s) for the presence of radon gas? If yes, test results/ Date: Mitigation/ Date:. Removal/ Remediation/ Date: In the event Buyer test(s) for Radon, Seller agrees to release testing results to Buyer. Yes❑ No 0 Yes❑ No in Unk❑ Palle 2 of 3 '98-103 (Revised 1/15) PROPERTY ADDRESS 219 Newell St, Waterloo, IA 50703 15. FUNGI/MOLD: Any known fungus or mold? Describe: YesO No gl UnkCil Removal/ Remediation/ Date: 16. GROUNDWATER HAZARD STATEMENT will be filed by the Seller(s) at closing regarding the following items. Are there any known: 1. Wells, 2. Solid waste disposal, 3. Hazardous waste, 4. Underground storage tanks, 5. Private burial site, Yesp No lij Unk0 Describe / Location: 17. COVENANTS: Is the property subject to restrictive covenants? 18. ENVIRONMENTAL CONCERNS: Any known environmental concerns? Describe: 19. FLOOD PLAiN/FLOODWAY: Is the property located in a flood plain or floodway? Flood plain/floodway designation: Yes ❑ No1:1! Unk❑ Yes❑ No j Unk❑ Yes❑ Nola Unk❑ 20. ZONING: Zoning of this property is: Any proposed changes in zoning, including variances? Describe: Unk ED Yes D No ) . Unk© 21. REAL ESTATE DISTRICT Is the property located in a Historical Preservation District? Yesp No la Link❑ 22. OTHER ITEMS: Are you aware of any of the following: 1. Any known features of the property shared in common with adjoining landowners (Example: Yesp No i1 UnkD walks, fences, roads, driveways, well water system, etc.) whose use or responsibility for maintenance may have an effect on the property? Describe: 2. Any known encroachments, easements, common areas (Example: facilities like pools, tennis Yes No, j Unkij courts, walkways or other areas co -owned with others), zoning violations, non conforming uses, or homeowners association which has any authority over the property? Describe: 3. Any known fees and/or dues? (Example: homeowner association fees, land lease fees, Yes ❑ No Unkg maintenance fees or other financial obligations to owner?) Describe fee and state amount: 4. Any known modifications, remodeling, alterations, or repairs, etc. made without Yeslj Nogi UnkU necessary permits or licensed contractors? Describe: 5. Any known physical problems? (Example: settling, flooding, drainage or grading problems, etc.) Yesg No 0 Unk© Describe: 6. Has there been a property/casualty Toss, an insurance claim, OR major damage to the property Yes0 Nog] Unk❑ OR other conditions? (e.g. fire, wind, hail, flood, landslides.) If Yes, has the damage been repaired/replaced? Describe: Additional Remarks: In no event shall the parties hold the Licensee(s) liable for any representations not directly made by the Seller's(s) Agent or Broker. SELLER(S) DISCLOSURE: THE SELLER(S) HAS OWNED THE PROPERTY SINCE (DATE). The Seller(s) has stated above the history and condition of all of the items based solely on the information known to the Selter(s). iN THE EVENT ANY CHANGES OCCUR iN THE REPRESENTATIONS HEREIN, FROM THE DATE OF THIS FORM TO THE TIME OF CLOSING, SELLER(S) SHALL IMMEDIATELY DISCLOSE SUCH CHANGES IN WRITING TO BUYER(S). Seller(s) acknowledges requirement that Buyers) be provided with the "Iowa Radon Home -Buyers and Sellers Fact Sheet" prepared by the Iowa Department of Public Health. Seiler BUYER(S) ACKNOWLEDGEMENT: Buyer(s) acknowledge receipt of a copy of this Seller Disclosure of Property Condition. This statement is not intended to be a warranty or to substitiue for any inspection Buyer(s) may wish to obtain. Buyer(s) acknowledge receipt of the "Iowa Radon Home -Buyers and Sellers Fact Sheet" prepared by the Iowa Department of Public Health. Date Seller Date Buyer Page 3 of 3 Date Buyer Date dotloop signature verification: dtlp.us/FFye-Qedn-Ith\V Adopted by the Northeast Iowa Regional Board of REALTORS® (Revised 7/16) CONSENT TO DUAL AGENCY (To be signed by Seller/Buyer at time specific assistance is first provided) The term "Seller shall hereinafter refer to Seller, Landlord, or Optionor. The term "Buyer shall hereinafter refer to Buyer, Tenant, or Optionee. I have read and understand paragraph IV, Consensual Dual Agency of the Company Policy/Agency Disclosure and Acknowledgment and hereby agree to Consenual Dual Agency representation in those situations. Buyer Buyer Date Date Buyer Seller Date Seller Date Date Seller Buyer Date Company Licensee Date Date Seller Date Amy Wienands Real Estate Company { cerugsr, dotloop verified 11/18/193:14 PM CST KFEN-MLUV-2C9Z-VIQE Licensee Date dotloop signature verification: ci_ip_usi•9: v-Oc4u-Yrxci 98-100 Adopted by the Northeast Iowa Regional Board of REALTORSO (Revised 1115) LISTING AGREEMENT (RIGHT T SELL, LEASE, OF x ENT REAL ESTATE) 1. THIS AG * EEMENT is entered into by and between Seller and Amy Wienands Real Estate AMY WiENANDS REAL ESTATE hereinafter called Broker/Real Estate Company. The term Broker shall include Broker's affiliated Licensees. The term Seller shall include Owner, Landlord or Optionor. The term Buyer shall include Buyer, Tenant, or Optionee. The terms sell and sale shall include sell, lease, rent, exchange, or option. Seller or Seller's duly authorized agent, whose signature appears below, hereby grants to the undersigned Broker, the exclusive right to sell, lease or rent The Property Known As 219 Newell St. Waterloo, IA 50703 12/17/19 5/17/20 For Period Beginning and Ending For $149,900 or such other price and terms that are acceptable to the Seller. Other Terms and/or Conditions: 2. PROFESSIONAL SERVICE FEE 3 (%) of the sales price shall be paid to Broker if; a. Broker procures a Buyer during the listing period ready, willing and able to purchase at the above price and terms, or any other price and terms agreeable to Seller, or; b. Seller or anyone else sells, exchanges, leases, rents or otherwise transfers the property during the listing period at any price or on any terms, or; c. Seller prevents the sale of this property by any adverse action, such as prohibiting the Buyer from making improvements to the property required of the Buyer prior to settlement by a lender, or by attempting to cancel this agreement. The Professional Service Fee shall be payable in cash in the county and state where Broker has his principal office, at the time of the transaction settlement. Seller authorizes Broker or closing agent to pay Broker from Seller's proceeds of the sale. or; d. Before the termination of this Listing Agreement, Broker provides Seller the names and adc"-- of persons to whom the property was presented during the listing period or arty extension thereof, and if within 30 days (protection period) after the expiration of this listing or any extension thereof, Seller executes a Purchase Agreement with any person on the above referenced list period. However, Seller shall not be obligated to pay such compensation if a valid Listing Agreement is entered into during the term of said protection period. e. LEASE AGENCY. Shrn,lri tha property or any part be leased to a tenant nrocured by Broker or any other Broker a Professional Service Fee of (%) of the base term of the lease and (%) of the renewals. The fees are due one-half upon lease signing and one-half upon lease commencement. During the lease (or extensions), should the ten- ant purchase this subject property, I agree to pay the sales Professional Service Fee as outlined above, less the leasing Professional Service Fee already paid for the unexpired term of the lease. Should the tenant lease additional space from the Owner during the term of any lease resulting from this Listing Agreement, Owner agrees to pay Broker an additional (%) on the base lease for said additional space. Broker, upon execution of any lease, may record an affidavit setting forth its right to additional Professional Service Fees upon any renewals, exercised options, extensions, additions to the lease or purchase of the Property, which affidavit shall be binding upon the heirs, personal representatives, succes- sors and assigns of the Owner. f. BUSINESS SALE. I agree to pay to Broker (%) of the SALE PRICE and to promptly execute to the Buyer and deliver to the Buyer a Bill of Sale (or other reasonable evidence of title or ownership) covering all personal property or enter into a contract for Bill of Sale. Page 1 of 3 dotloop signature verification: dcip_us/423v-Oc4u-Yrv5 98-100 (Revised 1/15) PPope Known 219 Newell St. Waterloo, IA 50703 3. COOPERATIVE BROKERAGE COMPENSATION. Seller agrees that Broker may cooperate with other Brokers and offer compensationo+o nnnncra}inn Rrn4crc inrd„r i"' cz—tiers solely representing the Buyers. Broker agrees to pay to cooperating MLS Brokers. Broker shall disclose to Owner, in writing, any policy that would limit the participation of any other brokerage. 4. MULTIPLE LISTING SERVICE (MLS) AUTHORITY. Seller authorizes Broker to process, advertise and distribute information about the property through the Northeast Iowa Regional Board of REALTORS® Multiple Listing Service to its subscribers within forty-eight (48) hours. Seller authorizes Broker to release all information regarding the completed sale of the property to the Northeast lowa Regional Board of REALTORS® Multiple Listing Service. 5. ACCESS AUTHORIZATION/INSURANCE LIABILITY. While the described property is listed for sale with the Broker, it is agreed that such property is not considered to be in the care, custody or control of the Broker, Licensees or employees. Seller authorizes Broker to allow access to the property at reasonable hours by Licensees, MLS Subscribers, and other persons including but not limited to appraisers, inspectors and utility company personnel, as necessary to complete the sale. Seller shall maintain in force adequate insurance to protect Seller in the event of any damage, loss or claims arising from access to the property and/or liability for personal injury and agrees to hold the Broker harmless therefrom. 6. PROPERTY DISCLOSURES. Seller agrees to provide a signed Seller Disclosure of Property Condition and a Lead Based Paint Disclosure if required by Iowa Code Chapter 543 B. Seller agrees to indemnify Broker from all damages that may arise out of undisclosed or incorrect facts or statements of Seller. The Seller acknowledges that the Seller has a legal duty to disclose to any proposed Buyer any material defects of which the Seller has actual knowledge and which a reasonable inspection by the proposed Buyer would not reveal. 7. TITLE. Seller agrees to convey the property by Warranty Deed unless otherwise specified and provide an abstract continued to date of sale, showing good and merchantable title subject to easements and restrictions of record, applicable building restrictions and zoning regulations. Seller also agrees to pay any mortgage prepayment penalty, all taxes to date of settlement, and customary settlement costs. Seller will fumish information, which may be required by law and sign corre- sponding documents needed to be filed with the deed. S. REMEDIES OF THE PARTIES. If Broker successfully defends any court action brought against Broker by Seller, or any other person involved in the sale of this property, or it is necessary to employ an attorney to collect sums due hereun- der, Seller agrees to pay all usual and reasonable court costs and attomey's fees expended by Broker. In addition to the rights given to the parties under Iowa Code Section 617.3 and not in limitation thereof, it is mutually understood and agreed that this listing agreement and any contract arising therefrom, shall be deemed to have been made in the State of Iowa and any and all performance thereunder or breach thereof shall be interpreted, governed and construed pursuant to the laws of the State of Iowa. The parties consent that the lowa District Court in and for Black Hawk County shall be the forum in which to bring any cause of action arising out of or under this agreement, or any subsequent agreement entered into by Seller as a result of Broker's efforts concerning the above described property. The parties agree that such court shall have jurisdic- tion of the person or the parties for such action. 9. BROKERAGE SERVICES ONLY. Seller acknowledges that Broker is acting as a Real Estate Broker and not as an attorney, tax advisor, lender, appraiser, surveyor, structural engineer, property inspector, consultant or other professional service advisor. Owner is hereby advised to seek such other professional advice as may be important to Owner. The following minimum service shall be provided to the client. (1) Accept delivery of and present to the client offers and counteroffers to buy, sell, rent, lease, or exchange the client's property or the property the client seeks to purchase or lease. (2) Assist the client in developing, communicating, negotiating, and presenting offers or counteroffers until a rental agreement, lease, exchange agreement, offer to buy or sell, or purchase agreement is signed and all contingencies are satisfied or waived and the transaction is completed. (3) Answer the client's questions relating to the brokerage agreements, listing agreements, offers, counteroffers, notices, and contingencies. (4) Provide prospective buyers access to listed properties. 10. NOTICE AND COUNTERPARTS. Any notice required under this agreement shall be deemed given when it is received in writing either by hand delivery, fax, return receipt requested mail, or electronic mail. Persons designat- ed for receipt of any notice for the purpose of this agreement shall be the Seller or their Broker. A signed copy of this agreement, and all addendums or amendments to this agreement shall, taken together, constitute a single binding agreement. Page 2 of 3 dotloop signature verification: ddc).usl4z3v-OcA 98-100 (Revised 1/15) Property Known As: 219 Newell St. Waterloo, IA 50703 11. ELECTRONIC SIG ATURES. In accordance with lowa Code ch. 554D, all parties agree that this transaction may be conducted by electronic means, and certified electronic signatures shall be equally binding. 12. FOREIGN PERSON STATUS. (FIRPTA, Foreign Investment in Real Property Tax Act.) Seller is not a foreign person as defined in Internal Revenue Code Section 1445 and any related regulations. At closing, Buyer will have no duty to collect withholding taxes for Seller pursuant to the Foreign Investors Real Property Tax Act of 1980, as amended. 13. RELEASE OF INFORMATION. Seller authorizes lender(s), contract holder(s) and utility companies to provide Broker with any and all information regarding the above described property. Seller hereby authorizes Broker to use a "for sale" sign, electronic lock box, exterior and interior pictures, and all forms of advertising media, including but not limited to internet, print, radio and television in Broker's efforts to sell the property unless otherwise noted in this agreement. Initials Initials Initials Initials SELLER OPT OUT: Seller advises Broker that Seller does not want the listed property displayed on the intemet. Seller advises Broker that Seller does not want the property's address displayed on the internet. Seller acknowledges that by choosing "OPT our consumers who conduct searches on the Internet Initials Initials will not see Information about my listed property. 14. ACKNOWLEDGMENTS. Seller and Broker acknowledge that they have read this agreement, that all information contained in this agreement is true and accurate to the best of their knowledge and they have each received a copy of the executed agreement. THIS AGREEMENT may be executed in one or more counterparts each of which shall be deemed original and all of which, taken together, shall be construed as a single instrument and shall be binding upon the heirs, successors, assigns, executors and administrators of the parties. Any modification of this agreement must be in writing and signed and dated by all parties. This property is offered without respect to race, color, religion, sex, handicap, familial status or national origin. THIS IS A LEGALLY BINDING AGREEMENT, IF NOT UNDERSTOOD, SEEK LEGAL ADVICE. Signed this10 day of Amy Wienands Real Estate December , 20 19 Real Estate Company QssGy Vicesra e. dotloop verified 12/16/19 12:25 PM CST ACN8-TM96-TCPT-TTEP Licensee Seller Seller Seller Seller Seller Address/Phone Page 3 of 3 dotloop signature verification: dlp.uslxH55-HCmz.SWC2 AMY WiENANDS REAL ESTATE OGS_"SS /VE Y V ORraNG FOR YOU/ Amy Wienands Real Estate - Listing Program Acknowledgement Property Address 219 Newell St. Waterloo, IA 50703 Sellers City of waterloo We are choosing to enter into a listing agreement with Amy Wienands Real Estate. By selecting a listing program below, we agree to and acknowledge that we understand the terms and conditions of the specific listing program. In choosing the Standard Listing Program we understand that Amy Wienands is not obligated under any circumstances to purchase our home or land/lot. Under the Guaranteed Sale Program, Amy Wienands is obligated to purchase our home or land/lot only if our home or land/lot qualifies under the program and only pursuant to the express terms of said program. El Seller Seller Agent Amy Wienands Team - Standard Listing Program Amy Wienands Team - Guaranteed Sale Program dotloop verified 12/16/19 12:24 PM CST AOU7-Q4WI-6GFM-9W6 Date ` A71 �l Date Date dotloop signature verification: ddp.us/rcQ5-cd8E-kBXv AMY WiENANDS REAL ESTATE ESTIMATE OF SELLER'S EQUITY SELLER NAME City of Waterloo PROPERTY ADDRESS 219 Newell St. Waterloo, IA 50703 TENATIVE CLOSE DATE (a) LIST PRICE $149,900 OFFER PRICE (b) ESTIMATED CLOSING EXPENSES Abstracting $485 $ $ Attorney's Fees $85 $ $ Brokerage Real Estate Fee $4497 $ $ Brokers Administrative Transaction Fee $198 $ $ Closing Fees Paid for Buyer $ $ $ Transfer Tax $239.20 $ $ Overnight Mail Cost $ $ $ Repairs & Inspection Fees $ $ $ Termite/Pest Inspection/Treatment $ $ $, TOTAL ESTIMATED CLOSING EXPENSES $5504.20 $ $ (c) OUTSTANDING DEBTS First Mortgage Balance $ $ $ Second Mortgage/Liens $ $ $ Prepayment/Penalty (if any) $ $ $ Other Liens, Judgments and Assessments $ $ $ TOTAL OUTSTANDING DEBTS $ $ $ (d) REAL ESTATE TAXES Real Estate Taxes Due $TBD $ $ Pro -Rated Taxes $ $ $ Special / Other Taxes $ $ $ TOTAL REAL ESTATE TAXES DUE $TBD $ $ (e) ESTIMATED TOTAL EXPENSE $5504.20 $ $ (f) ESTIMATED PROCEEDS TO SELLER $144,395.80 $ $ The figures shown are preliminary estimates for planning purposes only. Actual costs will be shown in a Closing Statement prepared and approved by your closing agent. Other costs not shown here may be incurred by you. Usual pro -rations will be made at closing for real estate taxes, etc., as specified in the Purchase Agreement. Your attorney's fees should also be considered as an expense of the sale. Figures shown are estimates. Statement prepared by: Seller ice'aa f. dotloop verified 12/16/19 12:24 PM CST 7RNP-UOCJ-MOYZ-W1Q Date Seller Date AMY WiENANDS REAL ESTATE DUE DILIGENCE ON CRIME NOTICE Important Information for Buyer and Seller Under federal and state regulations, some individuals who have been classified under certain criminal offenses, including sex offenders, may be required to register their address with local authorities. If this information is important to you, you should contact local authorities, agencies and neighborhood groups, including, but not limited to the following official Iowa websites and other resources: www.IowaSexOffender. com www.CriminalCheck.com www.FamilyWatchDog.com County Sheriff's Office Iowa Department of Criminal Investigation The laws are a registration and disclosure requirement, which mandate the County Sheriff's to notify the public of persons they feel are risks, and place the burden on the public to seek information regarding individuals and/or sex offenders. The law may be weak, however, because although registration initially takes place, there is no certification of the address upon registration, therefore the initial address could be inaccurate. Also, there is generally no follow up system to verify a new location when an individual moves. Finally, many law enforcement agencies do not aggressively provide sex offender information. The State of Iowa prohibits a Registered Sex Offender from living within 2000 feet of a school or registered child care center. Local governments may also make regulations and ordinances regarding where offenders may reside. Buyers should avail themselves of maps and other information from local government authorities to verify where individuals may reside. As Realtors®, we do not know the whereabouts of these individuals and are not required to find and disclose this information. PLEASE contact the agencies listed above. INFORMATION CONFIRMATION Seller/Buyer understands that a prospective buyer may inquire with local law enforcement as to the location of known sex offenders which may impact the property. Seller/Buyer acknowledges they have received this statement regarding criminal registry requirements and Seller/Buyer may inquire with local law enforcement as the location of known sex offenders which may impact the property. 1 I Seller Date Seller Date Buyer Date Buyer © Copyright 2007 Iowa Association of REALTORS® Date AMY WiENANDS REAL ESTATE 4c i WORKIAIGrr 1?f' RECEIPT OF FORMS & DISCLOSURES SELLER(S) / BUYER(S) NAME City of Waterloo Please initial on each line below that you have received and/or understand each item. 4I Equal Opportunity in Housing Brochure Lead Poisoning - How to Protect Iowa Families Brochure Iowa Radon Home Buyer/Sellers Fact Sheet SELLERS [ Showing Instructions (For Sellers Only) Showing instructions will be provided to any licensee who has set an appointment to conduct a private showing of the Seller's home. Amy Wienands Real Estate cannot guarantee that these instructions will be followed specifically at all times by such licensee. Seller agrees to contact Amy Wienands Real Estate with any showing concerns and the Listing REALTOR® will follow up as needed. BUYERS Radon Gas and Mold Notice and Release Agreement (For Buyers Only) Buyer understands that radon gas and some molds have the potential to cause serious health problems. Buyer acknowledges they have received and signed the Radon Gas and Mold Notice and Release A reement. Home Inspection Information (For Buyers Only) Buyer understands a home inspection may discover/uncover defect in the property. Buyer acknowledges they have received "Home Inspections: Why You Should Obtain One" regarding the importance of a home inspection. Buyer has been encouraged to have the property inspected. Home Inspection Waiver (For Buyers Only) Buyer has been informed of the benefits of a home inspection and hereby waives inspection of property and assumes responsibility for property condition. Buyer agrees to hold Amy Wienands Real Estate and its Brokers, Licensees, and employees harmless for any defects discovered with the property. Buyer School Acknowledgement Form (For Buyers Only) From time to time, school boundaries have been reviewed and changed. Amy Wienands Real Estate REALTOR® is providing information, to the best of his or her knowledge, regarding current school boundaries. We encourage you to visit the School District's website or the school itself to familiarize yourself with all current information. Seller Seller REALTOR® Date Date Date Buyer Buyer REALTOR® Date Date Date Client Information Sheet Primary Contact Name: Secondary Contact Name: Home Phone #: Home Phone #: Cell Phone #: Cell Phone #: Email Address: Email Address: Birthday: Birthday: I prefer communication through: phone j[ text' email Current Address: Future Contact Information Address (if known): Phone (if known): Office Use Only Agent: Source: Lender: Buyer/Selle0 A Y IENA REAL ESTATE OBSESSIVELY WORKING FOR YOU!