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Real Estate Brokerage Exchange Agreement

(Creates an exclusive listing for an exchange rather than a cash sale. Provides for commission structures appropriate to this type of sale.)

[Name], referred to as OWNER, and [Name], referred to as BROKER, agree:

OWNER owns property described as:

Lot ________, ___________ subdividion.

which OWNER desires to exchange for:

Like kind property, with no more than $ (dollars) boot required to be paid by OWNER, and no more than $ (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.

BROKER is herewith appointed to act as exclusive agent to negotiate an exchange for a period of 180 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 $ (dollars); and 20 per cent of boot received (if any).

Dated:

_______________________

, OWNER

_______________________

, BROKER