Real Estate Brokerage- Exchange Agreement

State the name of the OWNER of the property, referred to as OWNER, and State the name of the BROKER, referred to as BROKER, agree:

OWNER owns property described as:

State the property's description

which OWNER desires to exchange for: Include the following if the OWNER will exchange for: IRS Section 1031 (Tax free exchange)

Like kind property, with no more than $ Enter maximum boot to be paid by OWNER (Enter maximum boot to be paid by OWNER dollars) boot required to be paid by OWNER, and no more than $ Enter maximum boot to be received by OWNER (Enter maximum boot to be received by OWNER dollars) boot to be received by OWNER. The transaction procured by BROKER shall qualify for a tax free exchange for OWNER, subject to the limitations of boot described above. Include the following if the OWNER will exchange for: Property only- no boot

Property of like value, without boot.

Include the following if the OWNER will exchange for: Property with limited boot

Property of like value, with no more than $Enter maximum boot to be paid by OWNER boot to be received by OWNER, nor more than $Enter maximum boot to be received by OWNER boot to be paid by OWNER.

BROKER is herewith appointed to act as exclusive agent to negotiate an exchange for a period of Enter the number of days for exclusive listing days, under the terms and conditions stated above. Should BROKER procure an exchange, meeting the criteria stated above BROKER shall be entitled to compensation as follows:

A minimum commission of $Enter the minimum commission for BROKER (Enter the minimum commission for BROKER dollars); and State the percentage of boot received as commission per cent of boot received (if any).

Dated: Enter the date of the listing

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State the name of the OWNER of the property, OWNER

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State the name of the BROKER, BROKER