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property during the exclusive period of this listing by the Owner or by the Broker, his Representative, or Subagent or by a Buyer- Broker, Owner agrees to pay Broker a commission as provided by this Listing Contract and its extensions. The Owner agrees to refer to the Broker all inquiries of brokers or others interested in his property during the term of this contract. CONSENT TO LIMITED AGENCY: The Owner is to sign the attached Listing Contract Addendum explaining the Broker's general company policy regarding any potential for the Broker to act as a disclosed limited agent. Unless otherwise stated below under Further Provisions, Owner hereby consents to the showing of the Owner's property by the Broker or by any salespersons who are affiliated with the Broker and who are acting in the capacity of a Buyer- Broker. EARNEST MONEY DEPOSIT: The Broker is hereby authorized to accept an earnest money deposit with any offer to purchase said real estate. Said deposit may be retained by the Broker until closing. Should the purchaser fail to complete said purchase, said earnest money deposit shall be applied first to inspection fees and to Broker's advertising and other expenses. The balance shall be divided equally between the Broker and Owner, except that Broker's portion shall in no event exceed his regular commission. In the event of a dispute as to the release of any earnest money, the Broker may interplead all or any part of said escrow funds to the Clerk of the Circuit Court where said real estate is located. 7. OWNERSHIP AND TITLE INSURANCE: If the property is to be sold or exchanged, Owner also agrees to furnish, within a reasonable time prior to closing, at his expense a commitment for an Owner's Title Insurance Policy equal to the purchase price insuring merchantable title subject to standard title exceptions. The Owner also agrees to execute and deliver a warranty deed or land contract for the same to whom the Broker directs. To induce the Broker to enter into this Listing Contract, the Owner hereby warrants that the undersigned is the fee simple titleholder or Land Contract purchaser of the property above described. The Owner agrees to give possession at closing of this transaction. CONDITION OF PROPERTY: Owner represents that to the best of his knowledge, the heating, cooling, electrical, roof, septic system, well and plumbing systems in the improvements on the real estate and all other functioning systems, and /or equipment to be included in the sale of his real estate, are now in good operating order or will be on the date of closing, except as follows: Owner warrants that the property ® is ❑ is not connected to a municipal sewer system. ENVIRONMENTAL: Owner represents to Broker that all environmental problems affecting the Premises have been disclosed to Broker in writing. Owner acknowledges and agrees that Broker has not made any representation or warranty with respect to, nor conducted any investigation of, the environmental condition or suitability for any particular use of the Premises or any adjacent property and that Broker has no duty or obligation to Owner, any prospective purchaser or lessee or other person or entity to make any such investigation, warranty or representation and does not by this Agreement incur any such obligation. Owner further acknowledges and agrees that any obligation which may exist with regard to compliance with statutes, ordinances and regulations relating to the environmental condition of all or any part of the Premises, or the use thereof, is the sole responsibility of the Owner. Owner acknowledges that Broker has. advised Owner of the potential risk of environmental issues affecting the Premises by letter or verbally prior to entering into this Agreement. Owner agrees to indemnify and hold Broker harmless against any liability, expense, cost, attorney's fees or other fees which Broker may incur as a result of any environmental problems associated with the Premises. 10. MLS INFO: It is understood that the Broker may rely on the validity of the data pertaining to this Listing Contract which has been provided by the Owner, and the Owner agrees that the broker may disclose such data to the Loopnet service, and that the Broker will furnish notice to such entity of all changes of information concerning the subject property as agreed by the Owner, and that upon completion of a signed Contract to Purchase on said property, the Broker will notify the Loopnet service of said sale and authorize the dissemination of sales information.