mortgage broker agreement
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8/11/2019 Mortgage Broker Agreement
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Mortgage Broker Agreement
___________________, referred to as BROKER, and the estate of ___________________, referred to as CLIENT, agree:
Client is desiros of o!taining a mortgage loan on the follo"ing terms:
Loan to !e se#red !$ the follo"ing des#ri!ed real %ro%ert$: ______________________________________________________________
Minimm amont of loan: &____________'___________(___)*++ dollarsMa-imm amont of loan: &____________'___________(___)*++ dollarsMa-imm interest rate as an A.R nder reglation /: _____0Re%a$ment terms: ___________________________________________.ersonal garantees: _______________________________________ Other terms: _______________________________________________
BROKER shall a#t as the e-#lsi1e !roker for CLIENT in o!taining the mortgagedes#ri!ed a!o1e for ___ months from the date of e-e#tion of this agreement2
3%on o!taining a loan #onforming to the s%e#ifi#ations set forth, BROKER shall !eentitled to a #ommission of _______0 of the %rin#i%al amont of the loan of the loan2
4ring the term of this agreement, CLIENT agrees that it "ill:kee% the %ro%ert$ insred for a minimm amont of &____ '_______________(___)*++dollars5 to kee% the %remises in good re%air5 to inform the BROKER immediatel$ of an$#hange in rent rolls 'if the %remises are rented5 to %ro1ide all reasona!le #oo%erationre6ested !$ BROKER2
CLIENT agrees to %ro1ide %on BROKER7s re6est:finan#ial statements or information regarding CLIENT and an$ #o8signors %ro%osed5!ona fide loan %ro#essing fees re6ested !$ entities seeking to %ro1ide loans to CLIENT,not e-#eeding &_____'_______________(___)*++ dollars "ithot the %rior %ermissionof the CLIENT2
BROKER shall gi1e reasona!le and reglar stats re%orts to CLIENT regarding allrele1ant de1elo%ments dring the %eriod of this agreement to CLIENT2
BROKER and CLIENT shall mtall$ non8dis#lose an$ information %ro1ided !$ oneanother and shall take all reasona!le ste%s to non8dis#lose the information %ro1ided toone another2
4ated: _______________________________ _________________ Broker
_________________ Client
8/11/2019 Mortgage Broker Agreement
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