This agreement is effective as of ______________________________ (Date), between _______________________, of ___________________________________ (Address) hereinafter referred to as broker and _____________________________________, of ___________________________ (Address) hereinafter referred to as owner.

PART I.

EMPLOYMENT OF BROKER

Considering the services to be rendered by broker, the owner employs broker as ________ (His or Her) exclusive agent. The broker will procure tenants for rental units located in the county of _____________________________, state of ______________, and more particularly described as follows: __________________________________.

PART II.

COMMISSION

As compensation for brokers efforts, they will receive commission for each tenant procured in the amount of ____________ percent of each months rent. Any further information concerning commission should be added here _______________________.

PART III.

TERM

This agreement can be terminated by either party on __________ days written notice.

PART IV.

ADVERTISING

The broker is authorized to advertise the rental units however they see fit. The broker may also place ________ (His or Her) signs on the premises and remove all other signs.

PART V.

GOVERNING LAW

It is agreed that this agreement shall be governed and enforced in accordance with the laws of the state of _________________________ (State).

PART VI.

ARBITRATION OF DISPUTES

All disputes, claims, and questions regarding the rights and obligations of the parties under the terms of this agreement are subject to arbitration. Either party may file a demand in writing with the other party within __________ days after the dispute arises. Arbitration shall be conducted by ____________________________ (Set Forth Terms) of arbitration, such as: _____________________________________________.

In witness whereof, each party to this agreement has caused it to be executed at _______________________________________ (Location) on _____________ (Date)