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GRUBB & ELLISICRESSY & EVERETT <br />LISTING CONTRACT ADDENDUM <br />REAL ESTATE AGENCY RELATIONSHIPS <br />When representing a buyer, seller, lessor, lessee or other client as an agent, Realtors pledge themselves to protect and promote the <br />interests of their client. This obligation of absolute fidelity to the client's interest is primary, but it does not relieve Realtors of their <br />obligation to treat all parties fairly and honestly. When serving a buyer, seller, lessor, or lessee, or other party in a non- agency <br />capacity, Realtors remain obligated to treat all parties honestly. <br />Grubb & EllisICressy & Everett and its agents shall act as single agents when representing either the buyer /lessee or the seller /lessor, <br />or as limited agents when selling a Company listing to a buyer /lessee client. In the case of limited agency, Grubb & EllisjCressy & <br />Everett and its agents will not disclose to the buyer /lessee the lowest price that the seller /lessor will take, nor disclose to the <br />seller /lessor the highest price that the buyer /lessee will pay. Should there be other terms that either party considers as strictly <br />confidential, specifics regarding these terms can be included in the limited agency consent agreement and thereby held as secret from <br />the other client. <br />The Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS requires us as the listing broker to state our general <br />company policies regarding cooperation with other licensees in the sale or leasing of your real estate. <br />You the Seller /Lessor consent to our marketing of your real estate with the assistance of cooperating licensees who operate in those <br />capacities indicated by a check on the lines below: <br />® Subagents <br />Subagents are brokers who procure buyer /lessees, but who agree to act as an agent of the listing broker, and who represent the <br />interest of the seller /lessor. Grubb & EllisICressy & Everett's policy is to pay a Subagent a portion of the sale or lease <br />commission. <br />® Buyer /lessee- Brokers <br />Buyer /lessee- Brokers are licensees who represent the interest of buyer /lessees, even if compensated by the listing broker. <br />Grubb & EllislCressy & Everett's policy is to pay a Buyer /lessee- Broker a portion of the sale or lease commission. <br />® Limited Agency <br />Grubb & EllislCressy & Everett may occasionally serve as a buyer /lessee - broker representing a buyer /lessee client. That <br />raises the possibility that such a client might desire to view and perhaps purchase or lease your real estate. You as <br />seller /lessor and Grubb & EIIisjCressy & Everett as listing broker hereby agree that neither we nor any salesperson under our <br />supervision will represent the interest of any person other than you in the sale of your real estate, without disclosure to you for <br />any showings and written disclosure to you before negotiations are initiated with such buyer /lessee clients. <br />Dated this <br />OWNERS: <br />day of , 2011 <br />JEFF GIBNEY <br />CITY OF SOUTH BEND REDEVELOPMENT <br />1200 COUNTY CITY BUILDING <br />SOUTH BEND, IN 46601 <br />REAL ESTATE BROKER: Grubb & EllislCressy & Everett <br />Timothy Met-tall George Cressy CCIM Edward Bradley CCIM SIOR CPM <br />