NVAR – K1344 – rev. 01/16 Page 3 of 4 Seller: / Buyer: /
2. CLAUSES
A. BACK-UP CONTRACT This Contract is first back-up to another contract dated
between Seller and
as Buyer.
This Contract becomes the primary contract immediately upon Notice from Seller that the
other contract is void. All deadlines contained in this Contract shall be measured from
Settlement Date will be Days after the date this Contract becomes primary.
Buyer may void this back-up Contract at any time by Delivering Notice to Seller prior to
Delivery of Notice from Seller that this Contract has become the primary contract. If the
other contract settles, this Contract will become void. The rights and obligations of the
parties under the primary contract are superior to the rights and obligations of the parties
to this back-up Contract.
B. “AS IS” PROPERTY CONDITION The following terms in this Contract are hereby
amended (check all that apply):
All clauses pertaining to delivery of Property free and clear of trash and debris and
broom clean are deleted
Buyer assumes responsibility for compliance with all laws and regulations regarding
smoke detectors
All clauses pertaining to termites and wood-destroying insects are deleted
All clauses pertaining to Seller’s compliance with all orders or notices of violation of
any county or local authority are deleted
All requirements for Seller to comply with Property Owners’ or Condominium
Owners’ Associations notices of violations related to the physical condition of
Property are deleted
C. UNREPRESENTED SELLER OR BUILDER AND BUYER’S BROKER Upon
Seller’s irrevocable instruction, it is understood and agreed by all parties that
(Cooperating Broker’s name) of
(Cooperating Broker’s firm)
is acting as an agent solely representing Buyer in this transaction (“Buyer’s Broker”).
Seller agrees to pay Buyer’s Broker a payment of $ in cash OR
% of the total sales price. Settlement Agent is hereby irrevocably
directed to deduct Buyer’s Broker fee from Seller’s proceeds of the sale at Settlement.
The parties acknowledge that Buyer’s Broker relationship was disclosed to Seller and/or
Seller’s agent prior to showing Property to Buyer.