This contract is for real estate acquisition services, where H&M Arizona Real Estate Brokerage LLC will represent the Town of Queen Creek in the acquisition of properties located in the state of Arizona. The scope of services includes purchasing real property, providing other real estate services, and representing the Town through the escrow process. The contract has a duration of 1 year and 6 months, with a maximum payment of $24,999. Key aspects of the contract include:
* The Town will identify parcels to purchase and provide written instructions to H&M Arizona Real Estate Brokerage LLC.
* H&M Arizona Real Estate Brokerage LLC will order an abstract of title, prepare a purchase agreement, and assign the purchase agreement to the Town.
* The Town will provide a cashier's check for the earnest money and pay for the services through a commission or a fee not exceeding 5% of the purchase price.
* H&M Arizona Real Estate Brokerage LLC will provide other real estate services at a rate of $125/hour with a minimum of 2 hours for each separate project.
* The contract includes provisions for insurance, indemnification, and termination.