AGREEMENT FOR ACQUISITION OF PURCHASE OPTION

This agreement is effective as of ________________________ (Date), by and between

________________________________, of __________________________________
______________________________ (Address), hereinafter referred to as broker, and
____________________, of _______________________________________________ (Address),
hereinafter referred to as client.
PART I.
DUTIES OF BROKER
The client authorizes the broker to act as __________ (His/Her) agent to obtain an option from
__________________________, of _____________________________
____________________________________ (Address), to purchase property located at
_________________________________ (Address), owned by ___________________ in fee simple and
________________________ (Unburdened by easements, or burdened only by the following easements:
________________________________ ), at a price of ________________ ($_____) or less.
PART II.
BROKERS COMMISSION
The client promises to pay the broker a commission of ________________ ($_____) or ________
percent for procurement of the stated option.
PART III.
CONDITIONS FOR RIGHT TO COMMISSION
The covenant to pay broker the commission is expressly conditioned on:
1. Ability of __________________________________ to convey a fee simple title;
2. A determination that the property does in fact conform to the legal description set forth above; and
3. A determination that the property is in fact unencumbered by easements other than as set forth above.
PART IV.
FAILURE TO EXERCISE OPTION

Client expressly understands and agrees that __________ (His/Her) failure to exercise an option for any
reason other than a defect noted above will not impair brokers right to the commission established in this
agreement. The commission will remain payable __________ days after delivery to client of the option.
PART V.
TERM
This agreement shall expire __________ days from the above written effective date. The at that time
must return the funds tendered pursuant to this agreement for use in procuring an option.
The broker has no right to a commission for any option consummated after __________ days from the
above written effective date
PART VI.
CLIENT NOT TO INTERFERE WITH AGENCY
The client hereby agrees that __________ (He/She) will not communicate with or interfere in any way
during the term of this agreement and agrees that brokers commission will be due and payable if any
violation by client of this covenant prevents broker from obtaining an option.
PART VII.
GOVERNING LAW
It is agreed that this agreement shall be governed and enforced in accordance with the laws of the State
of ________________________.
PART VIII.
BROKERS COVENANTS
1. Broker acknowledges receipt of ________________ ($_____) intended to acquire the option.
2. Broker further covenants to act as the client would with respect to negotiations dealing with
_______________________________________________.

3. Broker must maintain a record of all activities relevant to negotiations with

________________________________________ and to keep such records for __________ years after
this agreement.
In witness whereof, each party to this agreement has caused it to be executed at
____________________________________________________ (Location) on _____________ (Date).

_________________________
Signature

_________________________
Signature

_____________________
Date

_____________________
Date