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III1.1 Listing Agreement for 101 Oakwood Road CITY OF HOPKINS HRA Report 2025-006 To: Honorable Board Chair and Members of the HRA Mike Mornson, City Manager From: Laila Imihy, AICP – Special Projects and Initiatives Manager Date: March 18, 2025 Subject: Listing Agreement for 101 Oakwood Road _____________________________________________________________________ RECOMMENDED ACTION MOTION TO approve a listing agreement with Desroches Realty Group for 101 Oakwood Road. OVERVIEW Following the Council’s action at their regular meeting on March 18, 2025, the HRA has assumed responsibility for the property located at 101 Oakwood Road and seeks to sell the home. Tonight, staff seeks approval from the HRA Board to enter into a listing agreement with Daniel Desrochers of Desroches Realty Group. SUPPORTING INFORMATION • Listing Agreement • Disclosures Agreement Administration LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2024 Minnesota Association of REALTORS® 1. Date 2. Page 1 of pages 3. DEFINITIONS: This Contract involves the property located at , 4. City of , 5. County of , State of Minnesota, Zip Code , 6. legally described as (“Property”). 7. Seller is (“Seller”). (e.g., individual(s), estate, trust, corporation, etc.) 8. Broker is (“Broker”). (Real Estate Company Name) 9. This Contract starts on , and ends at 11:59 p.m. on 10. . This Contract terminates upon successful closing of the Property(ies) specified 11. in this Contract or expiration or cancellation of this Contract, whichever occurs first. 12. This Contract may only be canceled by written mutual agreement of the parties. 13. PRICE: Seller offers the Property for sale for the price of $ , upon the following 14. terms: . 15. LISTING: Seller gives Broker the exclusive right to sell the Property. In exchange, Broker agrees to list and market 16. the Property for sale. Broker may place a “For Sale” sign and a lock box with keys on the Property, unless prohibited by 17. governing authority. Seller understands this Contract DOES NOT give Broker authority to rent or manage the Property. 18. Seller understands Broker may be a member of a Multiple Listing Service (“MLS”), and if Broker is a member of the 19. MLS, and where available, Broker may give information to the MLS concerning the Property. Broker may place 20. information on the Internet concerning the Property, including sold information (except as limited in the following MLS 21. Data Feed Options section). Upon final acceptance of a purchase agreement, Seller allows Broker to withdraw the 22. Property from the market. If Broker sells the Property, Broker may notify the MLS and member REALTORS® of the 23. price and terms of the sale. Seller acknowledges that neither Broker, the MLS, the Minnesota Association of 24. REALTORS®, nor any other broker is insuring Seller or occupant against theft, loss, or vandalism. 25. MLS DATA FEED OPTIONS: 26. EXPLANATIONS AND DEFINITIONS: 27. “IDX site” means a web site operated by a broker participating in the MLS on which the broker can advertise the 28. listings of other brokers in MLS, subject to certain MLS rules. The consumer visiting an IDX site is not required to 29. register on the site or to have a brokerage relationship with the broker displaying listings on the site. 30. “Virtual office web site” (“VOW”) means a web site operated by a broker participating in the MLS that delivers 31. brokerage services to consumers over the world wide web. Visitors to a VOW are required to register on the site (with 32. their name and a real e-mail address) and enter a brokerage relationship with the broker operating the VOW. The 33. broker operating the VOW can then show the visiting customer/client nearly all of the information available to the 34. broker in MLS. The seller(s) of a listing has the right to opt out of certain kinds of data display under the MLS’s VOW 35. policy. The MLS imposes various other rules and restrictions on VOWs. 36. For each of the following options, the MLS system automatically defaults to “Yes.” Seller’s instructions pertaining to 37. the Internet display of the MLS input data for the Property are as follows: MN:LC:ERS-1 (8/24) March 13, 2025 101 Oakwood Road Hopkins Hennepin 55343 BLOCK 004 F A SAVAGES INTERLACHEN PARK LOTS 1 AND 2 City Of Hopkins eXp Realty June 11, 2025 400,000.00 Cash, Conventional, FHA, DVA, Other 7 March 13, 2025 LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 38. Page 2 39. Property located at . 40. Option 1. Listing display on the Internet. If Seller selects “No,” this listing will not be included in MLS data feeds 41. to Internet web sites that display property listing data, whether intended for advertising the Property or 42. providing online brokerage services (e.g., VOWs). Brokers participating in MLS can still disclose the listing 43. to customers/clients via other means, including e-mail, fax, mail, hand delivery, and orally. 44. Shall the Property listing be displayed on the Internet, including sold information? Yes No 45. Seller understands and acknowledges that if Seller has selected “No” for Option 1, consumers who 46. conduct searches for listings on the Internet will not see information about the Property in response to 47. their searches. 48. If “No” was selected at Option 1, skip Options 2-4. If “Yes” was selected for Option 1, continue to Option 2. 49. Option 2. Listing address (house and unit numbers and street name) display on the Internet. If Seller selects 50. “No,” the address of the Property will be hidden on web sites receiving data feeds from MLS that result 51. in Internet listing display, whether intended for advertising the Property or providing online brokerage 52. services (e.g., VOWs). Brokers participating in MLS can still disclose the address to customers/clients 53. via other means, including e-mail, fax, mail, hand delivery, and orally. 54. Shall the listing address (house and unit numbers and street name) be displayed 55. on the Internet? Yes No 56. Option 3. An automated valuation of the Property listing or a link to an automated valuation of it may be 57. displayed adjacent to the listing. Some VOWs or IDX sites may provide an automated valuation model 58. (“AVM”) function/service. An AVM uses statistical calculations to estimate the value of a property based 59. upon data from public records, MLS, and other sources, and incorporating certain assumptions. The 60. accuracy of AVMs has sometimes been criticized because they do not take into consideration all relevant 61. factors in valuing a property. Seller, by selecting “No,” may prohibit display of an automated valuation of 62. his or her listing adjacent to the listing. 63. Shall an automatic valuation of the Property listing or a link to an automated 64. valuation be displayed adjacent to the listing? Yes No 65. Option 4. Comments or reviews of the Property by persons other than the displaying broker may be displayed 66. with or attached as a link to the listing data of the Property. Some VOWs or IDX sites may provide 67. functionality that permits the customers/clients using the VOW or IDX site to enter comments or reviews 68. with the listing or by hyperlink to such comments or reviews. Note that the broker displaying the listing 69. on his or her VOW or IDX site may add commentary representing his or her professional judgment regarding 70. the listing’s value, etc. 71. Shall comments or reviews of the Property by persons other than the displaying 72. broker be displayed with or attached as a link to the listing data of the Property? Yes No 73. LISTED FOR LEASE: The Property IS IS NOT currently listed for lease. If IS, the listing broker is ---------(Check one.)--------- 74. . If IS NOT, Seller MAY MAY NOT list the Property for lease during the ----------(Check one.)---------- 75. terms of this Contract with another broker. 76. Nothing in this Contract shall prohibit Broker and Seller from entering into a listing agreement for the lease of this 77. Property upon terms acceptable to both parties. MN:LC:ERS-2 (8/24) 101 Oakwood Road, Hopkins, MN 55343 X X X X X X LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 78. Page 3 79. Property located at . 80. SELLER’S OBLIGATION: Seller shall notify Broker of relevant information important to the sale of the Property. 81. Seller shall cooperate with Broker in selling the Property. Seller shall promptly inform Broker about all inquiries Seller 82. receives about the Property. Seller agrees to provide and pay for any inspections and reports required by any 83. governmental authority. Seller agrees to provide unit owners’ association documents, if required. Seller shall remain 84. responsible for security, maintenance, utilities, and insurance during the term of this Contract, and for safekeeping, 85. securing and/or concealing any valuable personal property. Seller shall surrender any abstract of title and a copy of any 86. owner’s title insurance policy for this Property, if in Seller’s possession or control, to buyer or buyer’s designated title 87. service provider. Seller shall take all actions necessary to convey marketable title by the date of closing as agreed to in 88. a purchase agreement. Seller shall sign all documents necessary to transfer to buyer marketable title to the Property. 89. Seller has the full legal right to sell the Property. 90. Access to the Property: To facilitate the showing and sale of the Property, Seller authorizes Broker to: 91. 1. access the Property; 92. 2. authorize other brokers and their salespersons, inspectors, appraisers, contractors, and other industry 93. professionals to access the Property at reasonable times and upon reasonable notice; and 94. 3. duplicate keys to facilitate convenient and efficient showings of the Property. 95. Authorizing access means giving Broker permission to allow the above-referenced persons to enter the Property, with 96. or without a licensed salesperson present, disclosing to the other person any security codes necessary to enter the 97. Property, and lending a key to the other person to enter the Property, directly or through a lockbox. Seller agrees to 98. commit no act which might tend to obstruct Broker’s performance here. If the Property is occupied by someone other 99. than Seller, Seller shall comply with Minnesota law and any applicable lease provisions of an existing lease and provide 100. tenant with proper notice in advance of any Property showing. Seller understands the prospective buyers and others 101. authorized to access the Property may record the Property by photograph, video, or other medium while accessing 102. the Property. 103. RECORDING ON THE PROPERTY: Seller understands that MN Statute 626A.02 specifically prohibits the interception 104. of oral communications without the consent of at least one of the two parties to the communication. Seller should seek 105. appropriate legal advice regarding compliance with this statute if Seller intends to utilize technology that may intercept 106. oral communications between persons other than Seller. 107. SELLER CONTENT LICENSE: In the event Seller provides content, including, but not limited to, any photos or videos 108. of the Property (“Seller Content”) to Broker, Seller grants to Broker a nonexclusive, perpetual, world-wide, transferable, 109. royalty free license to sub-license (including through multiple tiers), reproduce, distribute, display, perform, and create 110. derivative works of the Seller Content. Seller represents and warrants that Seller has authority to provide Seller Content 111. and Seller Content does not violate any restrictions regarding use including any third-party intellectual property rights 112. or laws. Seller agrees to execute any further documents that are necessary to effect this license. 113. NOTICE: THE COMPENSATION FOR THE SALE, LEASE, RENTAL, OR MANAGEMENT OF REAL PROPERTY 114. SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND THE BROKER’S CLIENT. 115. TOTAL BROKER COMPENSATION: 116. Seller agrees to pay Broker a retainer fee of $ at the commencement of this 117. Contract, which fee should be kept by Broker whether or not Seller sells the Property. The retainer fee will apply 118. toward satisfaction of any obligation to compensate Broker. 119. Seller shall pay Broker, as Broker’s compensation, percent (%) of the selling price or 120. $ , whichever is greater, if Seller sells or agrees to sell the Property during the term of this 121. Contract. 122. If Seller agrees to pay buyer broker’s compensation directly to buyer broker, then Seller’s obligation to pay Broker’s 123. compensation as specified on lines 119–120 shall be reduced by the amount paid up to $ 124. or % of the selling price. 125. Other: 126. MN:LC:ERS-3 (8/24) See page 7 for further terms. 101 Oakwood Road, Hopkins, MN 55343 0.00 4.00 0 0 0 LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 127. Page 4 128. Property located at . 129. COOPERATING BROKER COMPENSATION: Of the total Broker’s compensation, Broker SHALL SHALL NOT offer -------------(Check one.)------------ 130. compensation to cooperating brokers. If SHALL, the compensation to cooperating brokers shall be as follows: 131. % of the selling price or $ , whichever is greater, to cooperating brokers 132. representing buyer. 133. % of the selling price or $ , whichever is greater, to cooperating brokers 134. assisting buyer. 135. Other: 136. 137. In addition, if before this Contract expires Broker presents a buyer who is willing and able to buy the Property at the 138. price and terms required in this Contract, but Seller refuses to sell, Seller shall still pay Broker the same compensation. 139. Seller agrees to pay Broker’s compensation whether Broker, Seller, or anyone sells the Property. Seller hereby permits 140. Broker to share part of Broker’s compensation with other real estate brokers, including brokers representing only the 141. buyer. Seller agrees to pay Broker’s compensation in full upon the happening of any of the following events: 142. 1. the closing of the sale; 143. 2. Seller’s refusal to close the sale; or 144. 3. Seller’s refusal to sell at the price and terms specified above. 145. If, within days (not to exceed six (6) months) after the expiration of this Contract, Seller sells or agrees to sell 146. the Property to anyone who: 147. 1. during this Contract made inquiry of Seller about the Property and Seller did not tell Broker about the inquiry; 148. or 149. 2. during this Contract made an affirmative showing of interest in the Property by responding to an advertisement, 150. or by contacting Broker or the licensee involved, or was physically shown the Property by Broker and whose 151. name and address is on a written list Broker gives to Seller within 72 hours after the expiration of this Contract; 152. then Seller shall still pay Broker the compensation noted here, even if Seller sells the Property without Broker’s 153. assistance. Seller understands that Seller does not have to pay Broker’s compensation if Seller signs another valid 154. listing contract or facilitator services agreement for this Property after the expiration or cancellation of this Contract, 155. under which Seller is obligated to compensate another licensed real estate broker. 156. To secure the payment of Broker’s compensation, Seller hereby assigns to Broker the gross proceeds from the sale 157. of the Property in an amount equal to the compensation due to Broker under this Contract. 158. CLOSING SERVICES: 159. NOTICE: THE REAL ESTATE BROKER, LICENSEE REPRESENTING SELLER, OR REAL ESTATE 160. CLOSING AGENT HAS NOT EXPRESSED AND, UNDER APPLICABLE STATE LAW, MAY NOT EXPRESS 161. OPINIONS REGARDING THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF THE CLOSING ITSELF. 162. After a purchase agreement for the Property is signed, arrangements must be made to close the transaction. Seller 163. understands that no one can require Seller to use a particular person in connection with a real estate closing and that 164. Seller may arrange for a qualified closing agent or Seller’s attorney to conduct the closing. 165. Seller’s choice for closing services: (Check one.) 166. Seller directs Broker to arrange for a qualified closing agent to conduct the closing. 167. Seller shall arrange for a qualified closing agent or Seller’s attorney to conduct the closing. 168. (Seller’s Initials) (Seller’s Initials) MN:LC:ERS-4 (8/24) 101 Oakwood Road, Hopkins, MN 55343 X 0 0 0 0 180 X LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 169. Page 5 170. Property located at . 171. ADDITIONAL COSTS: Seller acknowledges that Seller may be required to pay certain closing costs, which may 172. effectively reduce the proceeds from the sale. 173. Seller understands that mortgage financing services are usually paid for by buyer; however, certain insured government 174. loans may require Seller to pay a portion of the fees for the mortgage loan. Seller understands that Seller shall not 175. be required to pay the financing fees on any mortgage without giving Seller’s written consent. 176. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (“FIRPTA”): Section 1445 of the Internal Revenue Code 177. provides that a transferee (“Buyer”) of a United States real property interest must be notified in writing and must 178. withhold tax from the transferor (“Seller”) if the transferor (“Seller”) is a foreign person, provided there are no applicable 179. exceptions from FIRPTA withholding. 180. Seller represents and warrants that Seller IS IS NOT a foreign person (i.e., a non-resident alien individual, -----(Check one.)---- 181. foreign corporation, foreign partnership, foreign trust, or foreign estate) for purposes of income taxation. 182. Due to the complexity and potential risks of failing to comply with FIRPTA, Seller should seek appropriate legal and 183. tax advice regarding FIRPTA compliance, as Broker will be unable to confirm whether Seller is a foreign person 184. or whether the withholding requirements of FIRPTA apply. 185. WARRANTY: There are warranty programs available for some properties which warrant the performance of certain 186. components of a property, which warranty programs Seller may wish to investigate prior to the sale of the Property. 187. AGENCY REPRESENTATION: If a buyer represented by Broker wishes to buy the Seller’s Property, a dual 188. agency will be created. This means that Broker will represent both the Seller and the buyer, and owe the same 189. duties to the buyer that Broker owes to the Seller. This conflict of interest will prohibit Broker from advocating exclusively 190. on the Seller’s behalf. Dual agency will limit the level of representation Broker can provide. If a dual agency should arise, 191. the Seller will need to agree that confidential information about price, terms, and motivation will still be kept 192. confidential unless the Seller instructs Broker in writing to disclose specific information about the Seller. All other 193. information will be shared. Broker cannot act as a dual agent unless both the Seller and the buyer agree to it. By 194. agreeing to a possible dual agency, the Seller will be giving up the right to exclusive representation in an in-house 195. transaction. However, if the Seller should decide not to agree to a possible dual agency, and the Seller wants Broker 196. to represent the Seller, the Seller may give up the opportunity to sell the Property to buyers represented by Broker. 197. Seller’s Instructions to Broker: 198. Having read and understood this information about dual agency, Seller now instructs Broker as follows: 199. Seller will agree to a dual agency representation and will consider offers made by buyers represented by 200. Broker. 201. Seller will not agree to a dual agency representation and will not consider offers made by buyers represented 202. by Broker. 203. Real Estate Company Name: 204. Seller: 205. By: Seller: (Licensee) 206. Date: MN:LC:ERS-5 (8/24) 101 Oakwood Road, Hopkins, MN 55343 eXp Realty X X March 13, 2025 LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 207. Page 6 208. Property located at . 209. OTHER POTENTIAL SELLERS: Seller understands that Broker may list other properties during the term of this 210. Contract. Seller consents to Broker representing or assisting such other potential sellers before, during, and after the 211. expiration of this Contract. 212. PREVIOUS AGENCY RELATIONSHIPS: Broker, or licensee representing Seller, may have had a previous agency 213. relationship with a potential buyer of Seller’s Property. Seller acknowledges that Seller’s Broker, or licensee representing 214. Seller, is legally required to keep information regarding the ultimate price and terms the buyer would accept and the 215. motivation for buying confidential, if known. 216. TERMINATION OF FIDUCIARY DUTIES: Broker’s fiduciary duties, except the duty of confidentiality, terminate upon 217. the successful closing of the Property(ies) specified in this Contract or expiration or cancellation of this Contract, 218. whichever occurs first. 219. INDEMNIFICATION: Broker will rely on the accuracy of the information Seller provides to Broker. Seller agrees 220. to indemnify and hold harmless Broker from and against any and all claims, liability, damage, or loss arising from any 221. misrepresentation, misstatement, omission of fact, or breach of a promise by Seller. Seller agrees to indemnify and hold 222. harmless Broker from any and all claims or liability related to damage or loss to the Property or its contents, or any 223. injury to persons in connection with the marketing of the Property. Indemnification by Seller shall not apply if the 224. damage, loss, or injury is the result of the gross negligence or willful misconduct of the Broker. 225. FAIR HOUSING NOTICE: Seller understands that Seller shall not refuse to sell or discriminate in the terms, conditions, 226. or privileges of sale, to any person due to his/her race, color, creed, religion, national origin, sex, marital status, status 227. with regard to public assistance, handicap (whether physical or mental), sexual orientation, or family status. Seller 228. understands further that local ordinances may include other protected classes. 229. ADDITIONAL NOTICES AND TERMS: As of this date Seller has not received notices from any municipality, 230. government agency, or unit owners’ association about the Property that Seller has not informed Broker about in writing. 231. Seller agrees to promptly inform Broker, in writing, of any notices of such type that Seller receives during the term of 232. this Contract. 233. This shall serve as Seller’s written notice granting Broker permission to obtain mortgage information (e.g., mortgage 234. balance, interest rate, payoff, and/or assumption figures) regarding any existing financing on the Property. A copy of 235. this document shall be as valid as the original. 236. ENTIRE AGREEMENT: This Contract and all addenda and amendments signed by the parties shall constitute the 237. entire agreement between Seller and Broker. Any other written or oral communication between Seller and Broker, 238. including, but not limited to, e-mails, text messages, or other electronic communications are not part of this Contract. 239. This Contract can be modified or canceled only in writing signed by Seller and Broker or by operation of law. All 240. monetary sums are deemed to be United States currency for purposes of this Contract. 241. ELECTRONIC SIGNATURES: The parties agree the electronic signature of any party on any document related to this 242. transaction constitute valid, binding signatures. 243. CONSENT FOR COMMUNICATION: Seller authorizes Broker and its representatives to contact Seller by mail, phone, 244. fax, e-mail, text message or other means of communication during the term of this Contract and anytime thereafter. MN:LC:ERS-6 (8/24) 101 Oakwood Road, Hopkins, MN 55343 LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 245. Page 7 246. Property located at . 247. OTHER: 248. 249. 250. BROKER SELLER 251. ACCEPTED BY: ACCEPTED BY: (Real Estate Company Name) (Seller’s Signature) 252. By: (Licensee’s Signature) (Seller’s Printed Name) 253. (Licensee’s Printed Name) (Date) 254. (Date) (Marital Status) 255. (Address) (Address) 256. (City/State/Zip) (City/State/Zip) 257. (Phone) (Phone) 258. (E-Mail Address) (E-Mail Address) 259. SELLER 260. ACCEPTED BY: (Seller’s Signature) 261. (Seller’s Printed Name) 262. (Date) 263. (Marital Status) 264. (Address) 265. (City/State/Zip) 266. (Phone) 267. (E-Mail Address) 268. THIS IS A LEGALLY BINDING CONTRACT BETWEEN SELLER AND BROKER. 269. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN:LC:ERS-7 (8/24) Seller shall pay $649.00 as broker's administrative compensation when property closes. This is in addition to the other compensation included in this agreement. *See Addendum* 101 Oakwood Road, Hopkins, MN 55343 eXp Realty Daniel Desrochers 3209 W 76th Street #301 612-554-4773 daniel@drealtyg.com Patrick Hanlon, Mayor Mike Mornson, City Manager Edina, MN 55436 limihy@hopkinsmn.com limihy@hopkinsmn.com ADDENDUM OR AMENDMENT TO LISTING CONTRACT: SELLER CONCESSIONS This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2024 Minnesota Association of REALTORS® 1. Date 2. Page 1 of 3. Addendum Amendment to Listing Contract between parties, dated , pertaining 4. to the Property at 5. 6. In the event of a conflict between this Addendum and any other provision of the Listing Contract, the language in this 7. Addendum shall govern. 8. SELLER CONCESSIONS: Seller may offer concessions to buyer which may include contributions to buyer broker’s 9. compensation. Seller SHALL SHALL NOT offer compensation to cooperating brokers --------------(Check one.)-------------- 10. If SHALL, the compensation to cooperating brokers shall be as follows: 11. % of the selling price or $ , whichever is greater, to cooperating brokers 12. representing buyer. 13. % of the selling price or $ , whichever is greater, to cooperating brokers 14. assisting buyer. 15. Other: 16. 17. If SHALL, Seller AUTHORIZES DOES NOT AUTHORIZE Broker to disclose Seller’s willingness to offer concessions --------------(Check one.)-------------- 18. to potential buyers. 19. ACCEPTED BY: ACCEPTED BY: (Real Estate Company Name) (Client’s Signature) 20. BY: BY: (Licensee’s Signature) (Client’s Printed Name) 21. (Licensee’s Printed Name) (Date) 22. (Date) 23. CLIENT: 24. ACCEPTED BY: (Client’s Signature) 25. (Client’s Printed Name) 26. (Date) 27. THIS IS A LEGALLY BINDING CONTRACT BETWEEN SELLER/OWNER AND BROKER. 28. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN:AALCSC-1 (8/24) March 13, 2025 1 X 101 Oakwood Road, Hopkins, MN 55343 eXp Realty X X 3.00 0 X 3.00 0 X Daniel Desrochers City Of Hopkins March 13, 2025March 13, 2025 Patrick Hanlon, Mayor Mike Mornson, City Manager ! WIRE FRAUD ALERT Internet fraud — the use of Internet services or software with Internet access to defraud victims — is on the rise in real estate transactions. THESE SOPHISTICATED CRIMINALS COULD: •HACK INTO YOUR E-MAIL ACCOUNT or the e-mail of others involved in your real estate transaction and may direct you to wire money to the hacker’s account. •SEND FRAUDULENT E-MAILS that appear to be from your real estate licensee, lender, or closing agent. •CALL YOU claiming they have revised wiring instructions. (Signature) (Date) (Signature) (Date) This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2018 Minnesota Association of REALTORS®, Edina, MN MN-WFA (8/18) Buyers/Tenants and Sellers/Owners are advised to: (1) Never wire funds without conﬁrming the wiring instructions directly with the intended recipient. (2) Verify that the contact information for the wire transfer recipient is legitimate by calling a known phone number for the broker or closing agent. Do not rely on the information given to you in an e-mail communication. (3) Never send personal information through unsecured/unencrypted e-mail. If you suspect wire fraud in your transaction: (1) Immediately notify your bank, closing agent, and real estate licensee. (2) File a complaint online at the Internet Crime Complaint Center (IC3) at http://www.ic3.gov. The undersigned acknowledge receipt of this wire fraud alert and understand the importance of taking proactive measures to avoid being a victim of wire fraud in a real estate transaction. tuIWarcCU7LYpJMt7xeOsevAUpyKKCtQQTs8lSPvUjF4YKwft2tfMO1692208617195639 Affiliated Business Arrangement Disclosure Statement Copyright © 2019 – 2023 eXp Realty, LLC. All rights reserved. Page 1 of 2 Version No.: 48-EN 05.24.2023 AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT TO: Consumer(s) FROM: eXp Realty PROPERTY: DATE: This is to give you notice that eXp World Holdings, Inc., the parent corporation of each of those subsidiaries comprising the eXp Realty® brand of real estate brokerage companies1 (hereinafter collectively referred to as “eXp Realty”), has a business relationship with the following companies listed below: • SUCCESS Lending, LLC (“SUCCESS Lending”) for mortgage loan financing: eXp Realty has an indirect ownership interest in SUCCESS Lending and a business relationship with Kind Partners, LLC , a wholly owned subsidiary of Kind Lending, LLC (hereinafter collectively referred to as “Kind”). eXp World Holdings, Inc.’s wholly owned subsidiary, SUCCESS World Holdings, LLC, owns 50% of SUCCESS Lending. Kind also owns 50% of SUCCESS Lending. Because of this relationship, a referral to SUCCESS Lending may provide eXp Realty and Kind, and its and their owners, affiliates, and employees, with a financial or other benefit. • eXp Realty has a business relationship with, but no ownership interest in, America’s Preferred Home Warranty, Inc. (home warranty services), Transactly, Inc. (real estate transaction coordination services), and SkySlope, Inc. (real estate transaction coordination services). Because of these relationships, eXp Realty, and its owners, affiliates, and employees may receive financial or other benefits Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed providers as a condition for the settlement of your loan, or purchase, sale, financing or refinance of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. COMPANY ESTIMATED CHARGE OR RANGE OF CHARGES SUCCESS LENDING, LLC This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, loan origination, loan pre-approval, loan structuring, processing and closing. The estimated charges for the settlement services provided by SUCCESS Lending are detailed on the Loan Discount Fee/points1: 0-4.00% of loan amount Administrative Fee2: $1,250.00 Flood Fee: $7.00 Tax Service: $86.00 Appraisal Fee: $525.00 Credit Report Fee: $32.00 per borrower, unless married co- borrowers in which event it is an aggregate total of $32.00; $32.00 per borrower for each repulled credit report. Actual charges may vary according to the particular lender, settlement service product selected, the particular circumstances of the underlying transaction, the state where the property is located, borrower elections, etc. Some or all of these fees may be charged by third-parties. 1 eXp Realty, LLC (in all states except those that follow); eXp Realty of California, Inc. (in California); eXp Realty of Northern California, Inc. (in northern California); eXp Realty of Greater Los Angeles, Inc. (in central California); eXp Realty of Southern California, Inc. (in southern California); eXp Realty North, LLC (in N. Dakota, Minnesota, and portions of New York, except as further qualified); eXp Realty of Connect icut, LLC (in Connecticut, and Brooklyn, New York); and eXp Realty Associates, LLC (in Brooklyn, mid-town, and downtown, New York City). March 13, 2025 101 Oakwood Road, Hopkins, MN 55343 Affiliated Business Arrangement Disclosure Statement Copyright © 2019 – 2023 eXp Realty, LLC. All rights reserved. Page 2 of 2 Version No.: 48-EN 05.24.2023 COMPANY ESTIMATED CHARGE OR RANGE OF CHARGES Good Faith Estimate being provided to you by your loan officer. 1 The loan discount fee/points are affected by the note rate. Depending upon market conditions, the loan discount fee/points may be higher to adjust for below-market rates. 2 There are other charges imposed in connection with mortgage loans. In addition, a lender may require the use of other service providers, including but not limited to any attorney, credit reporting agency or real estate appraiser chosen to represent the lender’s interest. If you apply to any of these companies for a loan, you will receive additional information regarding anticipated charges. ACKNOWLEDGMENT OF RECEIPT OF DISCLOSURE I/we have read this disclosure form, and understand that eXp Realty is referring me/us to purchase the above- described settlement service(s) and may receive a financial or other benefit as the result of this referral. Consumer 1: Consumer 2: Signature Signature Print Name Print Name Date Date (For Colorado Residents Only): This form has not been approved by the Colorado Real Estate Commission. Patrick Hanlon, Mayor Mike Mornson, City Manager AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT To:________________________________________________________________ From:Desrochers Realty Group, eXp Realty Property:________________________________________________________________ Date:________________________________________________________________ This is to give you notice that Desrochers Realty Group (“Real Estate Team”) has a business relationship with Flex Title Company, LLC (“Flex Title”), a title insurance and closing agent. Specifically, certain of Real Estate Team’s real estate agents and employees own 13.33% of Flex. Because of this relationship, this referral may provide Real Estate Team and its agents a financial or other benefit. eXp Realty, LLC, together with its subsidiaries and affiliates (collectively, “eXp Realty”), does not have any relationship with Flex Title, nor will eXp Realty receive any benefit, financial or otherwise, from any referral to Flex Title given by Real Estate Team or its agents. eXp Realty’s business relationship is with Real Estate Team, serving as Real Estate Team’s real estate brokerage firm. Real Estate Team is an independent contractor of eXp Realty. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for the settlement on your loan or purchase, sale, or refinance of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. Settlement Service Provider Charge/Range of Charges Flex Title Company, LLC Title Insurance Policy: $913-$1,000 on a $250,000 property (rates vary) Buyer Fees: Closing Fee: $300.00 Title Exam: $750.00 Seller Fees: Closing Fee: $450.00 Doc Prep Fee: $150.00 Payoff Processing/Handling Fee: $60 (per occurrence) Refinance: Closing Fee: $250.00 Title Exam Fee: $725.00 New Construction: Closing Fee: $350.00 Draw Fee: $400 Search/Exam: $750.00 Priority Pics: $200.00 If Requested: $100 per inspection ($150.00 for out of metro) If Requested: $150.00 Out of Metro Tract Search Fee End Loan/Modification: Closing Fee: $150.00 Tract check: $150.00 (within 6 months) Simultaneous 2nd: Closing Fee: $150.00 MHFA Closing Fee $100.00 Title Exam: $100.00 Courier/Wire Fee: $50.00 Stand Alone 2nd: Closing Fee: $150.00 Title Exam: $275.00 Patrick Hanlon, Mayor, Mike Mornson, City Manager 101 Oakwood Road, Hopkins, MN 55343 March 13, 2025 AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT O&E Reports: $150.00 SPECIAL FEES/ADD ONS: *Wire/Courier Fee $50.00 *Escrow Fee $200.00 *Pre-Sign Fee $150.00 * RON/Mobile Notary Fee: $150 Additional Out of Metro Search Fee of $150.00 for any County not listed below: MN: Hennepin, Dakota, Ramsey, Washington, Scott, Anoka, Carver, Chisago, Sherburne, Wright ACKNOWLEDGMENT I/we have read this disclosure form, and understand that Real Estate Team is referring me/us to purchase the above-described settlement service(s) from the named service provider above and Real Estate Team and its agents may receive a financial or other benefit as a result of this referral. ___________________________________________________________________ Buyer’s or Seller’s Signature Date ___________________________________________________________________ Buyer’s or Seller’s Signature Date Certification to Withhold Property Listing from NorthstarMLS ™ 2550 University Ave West, Suite 259 South, Saint Paul, MN 55114 For questions or help, contact the Help Desk at (651) 251-5456, 1-877-251-5455 or help@northstarmls.com NOTICE TO AGENT: If the listing is being withheld from MLS cooperation, this completed, signed form must be uploaded to Add/Edit as a supplement to the withheld listing within two business days of the listing contract effective date. Informed Consent: The undersigned as owners of the property at: Address City have listed it for sale with Zip ------------------------------Name of MLS Participant (AgenUBroker) (Please Print) Contract Date ___________ _ Contract Expiration Date __________ _ County _____________ _ PID# ________________ _ Property Type: □ Single Family □ Multi-Family □Farm □Lots & Land □Commercial/Mixed Use (Optional) In 2019, real estate transaction volume for over 93,000 properties valued at over $26 billion was conducted through the NorthstarMLS system. Withholding from the Multiple Listing Service (MLS): •Keeps your property from being exposed to the broadest market of over 19,000 agents and their buyers; •Eliminates the ongoing advertising benefit of having your property available 24/7 to all potential buyers regardless of when they may start looking; •Limits marketing to agents affiliated with your listing broker and limits public advertising of the property. •Keeps your property off public web sites where buyers search for properties. The listing broker/agent has fully explained the benefits of placing property for sale on the Multiple Listing Service (Service). The undersigned are fully aware that they are entitled to have their property placed on the Service, and that their property can be withheld from the Service only at their written request. The undersigned further have not been induced in any manner by the above-named MLS Participant to withhold their property from the MLS. By signing this form, the undersigned hereby acknowledge having read and understood the foregoing. The undersigned request that the property identified above be withheld from the Multiple Listing Service. Upon sale of this property, the undersigned authorizes the listing broker to disseminate sales information to members of the MLS. Dated -----------Owner signature: Dated Owner signature: The undersigned Participant of the Service hereby acknowledges that the above owners of property have listed with the undersigned; that they have been advised by the undersigned of the benefits of the Service; and that the undersigned has not acted in any manner so as to induce them to withhold their property from the Service. Dated: Office ID# Agent ID# NorthstarMLS Certification to Withhold By Agent or Broker Signature Office Name: Address: Phone: Revised February 2020 lnstanetFORMS eXp Realty26146 612-554-4773 Daniel Desrochers 505002199 June 11, 2025 101 Oakwood Road Hopkins Hennepin 55343 X 6682936 Edina, MN 55436 March 13, 2025 AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS 1. Page 1 2.MINNESOTA LAW REQUIRES that early in any relationship, real estate brokers or salespersons discuss with 3.consumers what type of agency representation or relationship they desire.(1) The available options are listed below. This 4.is not a contract. This is an agency disclosure form only. If you desire representation you must enter into a 5.written contract, according to state law (a listing contract or a buyer/tenant representation contract). Until such time 6.as you choose to enter into a written contract for representation, you will be treated as a customer and will not receive 7.any representation from the broker or salesperson. The broker or salesperson will be acting as a Facilitator (see 8.paragraph IV on page two (2)), unless the broker or salesperson is representing another party, as described below. 9.ACKNOWLEDGMENT: I/We acknowledge that I/we have been presented with the below-described options. 10.I/We understand that until I/we have signed a representation contract, I/we am/are not represented by the 11.broker/salesperson. I/We understand that written consent is required for a dual agency relationship. 12. THIS IS A DISCLOSURE ONLY, NOT A CONTRACT FOR REPRESENTATION. 13. (Signature) (Date) (Signature) (Date) 14.I. Seller’s/Landlord’s Broker: A broker who lists a property, or a salesperson who is licensed to the listing broker, 15.represents the Seller/Landlord and acts on behalf of the Seller/Landlord. A Seller’s/Landlord’s broker owes to 16.the Seller/Landlord the ﬁduciary duties described on page two (2).(2) The broker must also disclose to the Buyer 17.material facts as deﬁned in MN Statute 82.68, Subd. 3, of which the broker is aware that could adversely and 18.signiﬁcantly affect the Buyer’s use or enjoyment of the property. (MN Statute 82.68, Subd. 3 does not apply to 19.rental/lease transactions.) If a broker or salesperson working with a Buyer/Tenant as a customer is representing the 20.Seller/Landlord, he or she must act in the Seller’s/Landlord’s best interest and must tell the Seller/Landlord any 21.information disclosed to him or her, except conﬁdential information acquired in a facilitator relationship (see paragraph 22.IV on page two (2)). In that case, the Buyer/Tenant will not be represented and will not receive advice and counsel 23.from the broker or salesperson. 24. II. Buyer’s/Tenant’s Broker: A Buyer/Tenant may enter into an agreement for the broker or salesperson to represent 25.and act on behalf of the Buyer/Tenant. The broker may represent the Buyer/Tenant only, and not the Seller/Landlord, 26.even if he or she is being paid in whole or in part by the Seller/Landlord. A Buyer’s/Tenant’s broker owes to the 27.Buyer/Tenant the ﬁduciary duties described on page two (2).(2) The broker must disclose to the Buyer material facts 28.as deﬁned in MN Statute 82.68, Subd. 3, of which the broker is aware that could adversely and signiﬁcantly affect 29.the Buyer’s use or enjoyment of the property. (MN Statute 82.68, Subd. 3 does not apply to rental/lease transactions.) 30.If a broker or salesperson working with a Seller/Landlord as a customer is representing the Buyer/Tenant, he or 31.she must act in the Buyer’s/Tenant’s best interest and must tell the Buyer/Tenant any information disclosed to him 32.or her, except conﬁdential information acquired in a facilitator relationship (see paragraph IV on page two (2)). In 33.that case, the Seller/Landlord will not be represented and will not receive advice and counsel from the broker or 34.salesperson. 35. III. Dual Agency - Broker Representing both Seller/Landlord and Buyer/Tenant: Dual agency occurs when one 36.broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same 37.broker each represent a party to the transaction. Dual agency requires the informed consent of all parties, and 38.means that the broker and salesperson owe the same duties to the Seller/Landlord and the Buyer/Tenant. This 39.role limits the level of representation the broker and salesperson can provide, and prohibits them from acting 40.exclusively for either party. In a dual agency, conﬁdential information about price, terms and motivation for pursuing 41.a transaction will be kept conﬁdential unless one party instructs the broker or salesperson in writing to disclose 42.speciﬁc information about him or her. Other information will be shared. Dual agents may not advocate for one par ty 43.to the detriment of the other.(3) 44. Within the limitations described above, dual agents owe to both Seller/Landlord and Buyer/Tenant the ﬁduciary 45.duties described below.(2) Dual agents must disclose to Buyers material facts as deﬁned in MN Statute 82.68, Subd. 46. 3, of which the broker is aware that could adversely and signiﬁcantly affect the Buyer’s use or enjoyment of the 47.property. (MN Statute 82.68, Subd. 3 does not apply to rental/lease transactions.) MN:AGCYDICS-1 (8/19) AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS 48. Page 2 49. IV. Facilitator: A broker or salesperson who performs services for a Buyer/Tenant, a Seller/Landlord or both but 50.does not represent either in a ﬁduciary capacity as a Buyer’s/Tenant’s Broker, Seller’s/Landlord’s Broker or Dual 51.Agent. THE FACILITATOR BROKER OR SALESPERSON DOES NOT OWE ANY PARTY ANY OF THE FIDUCIARY 52.DUTIES LISTED BELOW, EXCEPT CONFIDENTIALITY, UNLESS THOSE DUTIES ARE INCLUDED IN A 53.WRITTEN FACILITATOR SERVICES AGREEMENT. The facilitator broker or salesperson owes the duty of 54.conﬁdentiality to the party but owes no other duty to the party except those duties required by law or contained in 55.a written facilitator services agreement, if any. In the event a facilitator broker or salesperson working with a Buyer/ 56. Tenant shows a property listed by the facilitator broker or salesperson, then the facilitator broker or salesperson 57.must act as a Seller’s/Landlord’s Broker (see paragraph I on page one (1)). In the event a facilitator broker or 58.salesperson, working with a Seller/Landlord, accepts a showing of the property by a Buyer/Tenant being represented 59.by the facilitator broker or salesperson, then the facilitator broker or salesperson must act as a Buyer’s/Tenant’s 60.Broker (see paragraph II on page one (1)). 61.(1)This disclosure is required by law in any transaction involving property occupied or intended to be occupied by 62. one to four families as their residence. 63.(2) The ﬁduciary duties mentioned above are listed below and have the following meanings: 64. Loyalty - broker/salesperson will act only in client(s)’ best interest. 65. Obedience - broker/salesperson will carry out all client(s)’ lawful instructions. 66. Disclosure - broker/salesperson will disclose to client(s) all material facts of which broker/salesperson has knowledge 67.which might reasonably affect the client(s)’ use and enjoyment of the property. 68. Conﬁdentiality - broker/salesperson will keep client(s)’ conﬁdences unless required by law to disclose speciﬁc 69.information (such as disclosure of material facts to Buyers). 70. Reasonable Care - broker/salesperson will use reasonable care in performing duties as an agent. 71. Accounting - broker/salesperson will account to client(s) for all client(s)’ money and property received as agent. 72. (3) If Seller(s)/Landlord(s) elect(s) not to agree to a dual agency relationship, Seller(s)/Landlord(s) may give up the 73.opportunity to sell/lease the property to Buyer(s)/Tenant(s) represented by the broker/salesperson. If Buyer(s)/ 74. Tenant(s) elect(s) not to agree to a dual agency relationship, Buyer(s)/Tenant(s) may give up the opportunity to 75.purchase/lease properties listed by the broker. 76.NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regarding the predatory offender 77.registry and persons registered with the predatory offender registry under MN Statute 243.166 may be 78.obtained by contacting the local law enforcement ofﬁces in the community where the property is located, 79.or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of Corrections Web site at 80.www.corr.state.mn.us. MN:AGCYDISC-2 (8/19) Estimated Net Sheet Seller(s): Property: | ADDITIONAL DISCLOSURES | All figures presented in this document are estimated for the home referenced above. The final listing timing, inventory levels and economic market conditions could impact the suggested values and range pricing in this analysis. It is always recommended to review updated pricing and comparable listings closer to the time the home is going to actually be listed for sale to determine the market price at that time. Actual closing costs may vary from those listed here. Any mortgage amounts provided need to be verified by the lending institution at the time of closing to establish a “Payoff Balance”. Those payoff amounts will be used by the title company at the time of closing to update the final proceeds or amount due at closing. Please notify us of any additional liens, assessments, etc. if you would like to see a more accurate bottom line reflecting all the debt impacting the home sale. Seller Signature Seller Signature Date Date OFFER PRICE:$ Seller Broker Commission %$ Buyer Broker Commission % $ Broker Admin Commission % $ State Deed Tax ($ /thousand)$ Property Taxes County Recording Fees $ Conservation Fee $ Final Estimated Water Bill $ Closing Administrative Fee $ Courier Fees $ Proceeds Delivery $ Payoff Verification & Delivery Fee $ HOA Dues/Certification Letter (if applicable)$ Home Warranty Policy (if applicable)$ Seller Paid Closing Costs $ (Estimated Total Sales Costs)$ GROSS PROCEEDS FROM SALE:$ First Morgage $ Second Mortgage $ Assessments (Property, Special, etc)$ (Total of Mortgages and Liens)$ GROSS PROCEEDS FROM SALE:$ $ City Of Hopkins 101 Oakwood Road, Hopkins, MN 55343 Pro-rated 400,000 4.00 16,000 12,0003.00 1,360 649 95 5 300 500 60 50 75 0 0 00.00 31,094 368,906 0 0 925 925 367,981 3.40 Copyright 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Rev. 10/22 NorthstarMLS SINGLE FAMILY RESIDENTIAL LISTING INPUT FORM Disclosures By signing the authorization section below, the Seller acknowledges the following disclosures: 1.The Sellerǯs real estate broker (the Broker) is a participant in the Regional Multiple Listing Service of Minnesota, Inc. (RMLS). 2.The Seller has authorized the Broker to give the information on this form about the Seller ǯs property to RMLS. 3.All data submitted to RMLS becomes the sole property of RMLS. 4.RMLS assumes no responsibility or liability to the Seller for errors or omissions on this form or in the RMLS computer system. 5.The Broker is required to promptly provide information to RMLS about any change in status or price of the Seller ǯs listing. 6.If the Sellerǯs property is sold, the Broker must report to RMLS the price and terms of the sale. 7.Neither the Seller nor any prospective buyer of the property can alter the Broker ǯs responsibility to report all such data to RMLS by agreement among them. 8.RMLS shall retain and make available all such data and photographs to all its participants (real estate brokers, appraisers, and affiliated professionals) for an indefinite period. 9.Under no circumstances will RMLS permit data about the Seller ǯs listing to be deleted from RMLSǯs systems in order to conceal any information, including information that the property was listed for a period of time by another broker or brokers. 10.The Brokerǯs use of RMLSǯs systems is subject to the duties imposed on the Broker by the rules and regulations of RMLS and by the Code of Ethics of the National Association of REALTORS̺. 11.At the request of the Broker, unless the field called Advertising Selection is marked ǲNOǳ, RMLS will electronically transmit information about the Sellerǯs property to Internet web sites to aid in marketing the property for sale. 12.At the request of the Broker, unless the field called Display Address is marked ǲNOǳ, RMLS will include the address of the Sellerǯs property in transmissions of data to web sites. Authorization: I have read and understood the disclosures above. I certify that the information contained on this form is accurate to the best of my knowledge. 100 The Listing Contract Starts* 101 and ends at 11:59 P.M. on* 102 Owner (Signature)* 103 Owner (type or print)* 104 Owner (Signature)* 105 Owner (type or print)* 106 Real Estate Company* 107 By (Agent Signature)* h7y2W2cyz90aNWlDmGOaqoGGZKCi7N9VoKety7aoh9E9HzkCJ05dWS1693323223453482 eXp Realty June 11, 2025 Patrick Hanlon, Mayor Mike Mornson, City Manager eXp Realty June 11, 2025 Patrick Hanlon, Mayor Mike Mornson, City Manager March 13, 2025March 13, 2025 ! ! !"#$%&$'#()*+),&$,-.+/%'-.0+1"#2+'-3+/"-$#'4$+520-320-$+ "#$%!&'()!)*+!&,-./$'-!*%!*-!*)0-1)0-/!/'!/#0!2$%/$-3!*3(00)0-/!40/500-!/#0!6*(/$0%7! !"#$%&'#()*%+,$%#)-%./'&%*)0'%1*)'2)$3%)4%5$',+)'#)/#%*6) ) 89$%/$-3!:,)40(!!! 8;11(0%%!!!! ! 89$%/$-3!<&&$.0!=>!!! !89$%/$-3!;30-/!=>!!! !89$%/$-3!;30-/!:*)0!!!! ! ?!6#,40+/%'-.0+ 8:05!9$%/!@($.0! 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"#0!X-10(%$3-01!1'!#0(04+!*3(00!/#*/!/#0!2$%/$-3!.'-/(*./!1*/01!![!I'($3$-*2!.'-/(*./!1*/0K!40/500-! /#0!,-10(%$3-01!$%!.#*-301!*%!%#'5-!*4'B07!;22!'/#0(!/0()%!'&!%,.#!2$%/$-3!.'-/(*./!%#*22!(0)*$-!,-.#*-301!*-1!$-!&,22!&'(.0! *-1!0&&0./[!0Y.06/!*%!50!)*+!*3(00!$-!5($/$-3!/'!.#*-30!$/!$-!/#0!&,/,(07! ! <5-0(!*.Q-'520130%!(0.0$6/!'&!*!.'6+!'&!/#$%!/(*-%)$//*2!&'()7! <5-0(!IE$3-*/,(0K!!!!! <5-0(!IE$3-*/,(0K!!!!! ;30-/!!!! S('Q0(!IM0`,$(01!&'(!D*-.022*/$'-K!!!! D'6+($3#/!NONO[!:'(/#%/*(T9E7!;22!($3#/%!(0%0(B017! ! >*/0! ! >*/0!! >*/0!!! >*/0!!! !! yzPYShC0F2Hn8jNVSj9ezumiPal4PLrpII58VBOw6NtYktMf7m6gh16928015382988293 26146 Daniel Desrochers505002199 101 Oakwood Road, Hopkins, MN 55343 March 13, 2025 ADDENDUM TO PURCHASE AGREEMENT This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2020 Minnesota Association of REALTORS®, Edina, MN 1.Date 2.Page 1 3.Addendum to Purchase Agreement between pa rties, dated ___________________ 4.(D ate of this Purchase Agreement), pertaining to the pu rchase and sale of the Prope rty at 5. 6.In the event of a conflict between this Addendum and any other pr ovision of the Purchase Agreement, the language 7.in this Addendum shall govern. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. (Seller) (Seller) (Date) (Buyer) (Date) (Buyer) THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER($) AND SELLER($). (Date) (Date) 32. 33. 34. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN-APA (8/20) r:::7 Minnesota rlh Realtors ® The redevelopment, rehabilitation and any conveyance of the Property shall be subject to the following terms and conditions: a. The Property shall be sold consistent with the requirements of Minnesota Statutes Section 469.029, including after the holding of a public hearing by the Seller; and b. The Property shall obtain all applicable planning and zoning approvals and necessary building and other permits; and c. The Property shall be used as single-family residential housing with up to five bedrooms in the structure; and d. The Property shall contain a restrictive covenant setting forth the requirements contained in this paragraph. March, 13th 2025 101 Oakwood Road, Hopkins, MN 55343 ADDENDUM TO PURCHASE AGREEMENT: BUYER PURCHASING "AS IS" AND LIMITATION OF SELLER LIABILITY This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2020 Minnesota Association of REALTORS®, Edina, MN 1.Date 2.Page 1 3.IN THE EVENT SELLER HAS COMPLETED, AND BUYER HAS RECEIVED, A 4.SELLER'S PROPERTY DISCLOSURE STATEMENT, DO NOT USE THIS 5.ADDENDUM WITHOUT FIRST SEEKING LEGAL ADVICE. 6.Addendum to Purchase Agreement between parties, dated _________________ _ 7.(D ate of this Purchase Agreement), pertaining to the purchase and sale of the Property at 8. 9.Limitation of Seller Liability: The Property is being sold in its existing condition. Buyer acknowledges that the Property, 10.including all improvements, is being sold on an "As-ls" and "Where-ls" basis, with all existing faults. Prior to closing, 11.Buyer will make such inspections of the Property as are consistent with the terms of this Purchase Agreement in 12.order to satisfy Buyer as to the condition of the Property. The Seller warranties contained in the Purchase 13.Agreement shall remain unmodified by this Addendum. 14.The "Risk of Loss" provisions of the Purchase Agreement shall remain unmodified by this Addendum. 15.Seller and Buyer shall execute a Disclosure Statement: Seller's Disclosure Alternatives with the "Waiver" section 16.completed. Seller remains obligated to make "Other Required Disclosures" in the Disclosure Statement: Seller's 17.Disclosure Alternatives. Except for "Other Required Disclosures," Buyer acknowledges that Seller has not made any 18.oral or written representations regarding the condition of the Property subject to this Purchase Agreement. By 19.accepting delivery of the deed at closing, Buyer will be deemed to have accepted the condition of the Property subject 20.to this Purchase Agreement as satisfactory to Buyer, and Seller shall have no liability with respect to the condition of 21.such Property. Buyer waives any claims related in any way to the condition of the Property. 22.WARNING: THIS ADDENDUM WILL AFFECT THE LEGAL RIGHTS OF BUYER 23.AND SELLER. BUYER AND SELLER ARE STRONGLY ENCOURAGED TO OBTAIN 24.LEGAL ADVICE BEFORE AGREEING TO THIS ADDENDUM. 25. (Seller) (Date) (Buyer) 26. (Seller) (Date) (Buyer) THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER($). (Date) (Date) 27. 28. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN:APA:AI (8/20) r;:7 Minnesota rlh Realtors ® March 13, 2025 101 Oakwood Road, Hopkins, MN 55343 DISCLOSURE STATEMENT: SELLER’S DISCLOSURE ALTERNATIVES This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2024 Minnesota Association of REALTORS® 1. Date 2. Page 1 of pages: RECORDS AND 3. REPORTS, IF ANY, ARE ATTACHED AND MADE A 4. PART OF THIS DISCLOSURE. 5. Property located at , 6. City of , County of , 7. State of Minnesota, Zip Code (“Property”). 8. NOTICE: Sellers of residential property, with limited exceptions, are obligated to satisfy the requirements of MN Statutes 9. 513.52 through 513.60. To comply with the statute, Seller must provide either a written disclosure to the 10. prospective Buyer (see Disclosure Statement: Seller’s Property Disclosure Statement) or satisfy one of the 11. following two options. Disclosures made here, if any, are not a warranty or guarantee of any kind by Seller or 12. licensee(s) representing or assisting any party in this transaction and are not a substitute for any inspections or 13. warranties the party(ies) may wish to obtain. 14. (Select one option only.) 15. 1) QUALIFIED THIRD-PARTY INSPECTION: Seller shall provide to prospective Buyer a written report that 16. discloses material information relating to the real Property that has been prepared by a qualified third party. 17. “Qualified third party” means a federal, state, or local governmental agency, or any person whom Seller or 18. prospective Buyer reasonably believes has the expertise necessary to meet the industry standards of practice 19. for the type of inspection or investigation that has been conducted by the third party in order to prepare the 20. written report. 21. Seller shall disclose to prospective Buyer material facts known by Seller that contradict any information 22. that is included in a written report, or material facts known by Seller that are not included in the 23. report. 24. The inspection report was prepared by 25. , and dated . 26. Seller discloses to Buyer the following material facts known by Seller that contradict any information included 27. in the above referenced inspection report. 28. 29. 30. 31. Seller discloses to Buyer the following material facts known by Seller that are not included in the above 32. referenced inspection report. 33. 34. 35. 36. 2) WAIVER: The written disclosure required may be waived if Seller and prospective Buyer agree in writing. 37. Seller and Buyer hereby waive the written disclosure required under MN Statutes 513.52 through 513.60. 38. NOTE: If both Seller and prospective Buyer agree, in writing, to waive the written disclosure required under 39. MN Statutes 513.52 through 513.60, Seller is not obligated to disclose ANY material facts of which Seller 40. is aware that could adversely and significantly affect the Buyer’s use or enjoyment of the Property or any 41. intended use of the Property, other than those disclosure requirements created by any other law. 42. Seller is not obligated to update Buyer on any changes made to material facts of which Seller is aware that could 43. adversely and significantly affect the Buyer’s use or enjoyment of the Property or any intended use of the 44. Property that occur, other than those disclosure requirements created by any other law. 45. Waiver of the disclosure required under MN Statutes 513.52 through 513.60 does not waive, limit, or 46. abridge any obligation for Seller disclosure created by any other law. MN:DS:SDA-1 (8/24) March 13, 2025 101 Oakwood Road Hopkins Hennepin 55343 7 DISCLOSURE STATEMENT: SELLER’S DISCLOSURE ALTERNATIVES 47. Page 2 48. Property located at . 49. OTHER REQUIRED DISCLOSURES: 50. NOTE: In addition to electing one of the above alternatives to the material fact disclosure, Minnesota law also 51. requires sellers to provide other disclosures to prospective buyers, such as those disclosures listed below. 52. Additionally, there may be other required disclosures by federal, state, local, or other governmental entities 53. that are not listed below. 54. A. SUBSURFACE SEWAGE TREATMENT SYSTEM DISCLOSURE: (A subsurface sewage treatment system 55. disclosure is required by MN Statute 115.55.) (Check appropriate box.) 56. Seller DOES DOES NOT know of a subsurface sewage treatment system on or serving the above-described ---------------(Check one.)-------------- 57. real Property. (If answer is DOES, and the system does not require a state permit, see Disclosure Statement: 58. Subsurface Sewage Treatment System.) 59. There is a subsurface sewage treatment system on or serving the above-described real Property. 60. (See Disclosure Statement: Subsurface Sewage Treatment System.) 61. There is an abandoned subsurface sewage treatment system on the above-described real Property. 62. (See Disclosure Statement: Subsurface Sewage Treatment System.) 63. B. PRIVATE WELL DISCLOSURE: (A well disclosure and Certificate are required by MN Statute 103I.235.) 64. (Check appropriate box(es).) 65. Seller does not know of any wells on the above-described real Property. 66. There are one or more wells located on the above-described real Property. (See Disclosure Statement: Well.) 67. This Property is in a Special Well Construction Area. 68. There are wells serving the above-described Property that are not located on the Property. 69. Comments: 70. 71. 72. C. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (“FIRPTA”): Section 1445 of the Internal Revenue Code 73. provides that a transferee (“Buyer”) of a United States real property interest must be notified in writing and must 74. withhold tax if the transferor (“Seller”) is a foreign person and no exceptions from FIRPTA withholding apply. 75. Seller represents that Seller IS IS NOT a foreign person (i.e., a non-resident alien individual, foreign corporation, -------(Check one.)------ 76. foreign partnership, foreign trust, or foreign estate) for purposes of income taxation. This representation shall 77. survive the closing of any transaction involving the Property described here. 78. NOTE: If the above answer is “IS,” Buyer may be subject to income tax withholding in connection with the 79. transaction (unless the transaction is covered by an applicable exception to FIRPTA withholding). In 80. non-exempt transactions, Buyer may be liable for the tax if Buyer fails to withhold. 81. If the above answer is “IS NOT,” Buyer may wish to obtain specific documentation from Seller ensuring 82. Buyer is exempt from the withholding requirements as prescribed under Section 1445 of the Internal 83. Revenue Code. 84. Due to the complexity and potential risks of failing to comply with FIRPTA, including Buyer’s responsibility 85. for withholding the applicable tax, Buyer and Seller should seek appropriate legal and tax advice regarding 86. FIRPTA compliance, as the respective licensees representing or assisting either party will be unable to 87. assure either party whether the transaction is exempt from the FIRPTA withholding requirements. MN:DS:SDA-2 (8/24) 101 Oakwood Road, Hopkins, MN 55343 DISCLOSURE STATEMENT: SELLER’S DISCLOSURE ALTERNATIVES 88. Page 3 89. Property located at . 90. D. METHAMPHETAMINE PRODUCTION DISCLOSURE: 91. (A methamphetamine production disclosure is required by MN Statute 152.0275, Subd. 2 (m).) 92. Seller is not aware of any methamphetamine production that has occurred on the Property. 93. Seller is aware that methamphetamine production has occurred on the Property. 94. (See Disclosure Statement: Methamphetamine Production.) 95. E. RADON DISCLOSURE: 96. (The following Seller disclosure satisfies MN Statute 144.496.) 97. RADON WARNING STATEMENT: The Minnesota Department of Health strongly recommends that ALL 98. homebuyers have an indoor radon test performed prior to purchase or taking occupancy, and recommends 99. having the radon levels mitigated if elevated radon concentrations are found. Elevated radon concentrations can 100. easily be reduced by a qualified, certified, or licensed, if applicable, radon mitigator. 101. Every buyer of any interest in residential real property is notified that the property may present exposure to 102. dangerous levels of indoor radon gas that may place occupants at risk of developing radon-induced lung cancer. 103. Radon, a Class A human carcinogen, is the leading cause of lung cancer in nonsmokers and the second leading 104. cause overall. The seller of any interest in residential real property is required to provide the buyer with any 105. information on radon test results of the dwelling. 106. RADON IN REAL ESTATE: By signing this Statement, Buyer hereby acknowledges receipt of the Minnesota 107. Department of Health’s publication entitled Radon in Real Estate Transactions, which is attached hereto and 108. can be found at www.health.state.mn.us/communities/environment/air/radon/radonre.html. 109. A seller who fails to disclose the information required under MN Statute 144.496, and is aware of material facts 110. pertaining to radon concentrations in the Property, is liable to the Buyer. A buyer who is injured by a violation of MN 111. Statute 144.496 may bring a civil action and recover damages and receive other equitable relief as determined by 112. the court. Any such action must be commenced within two years after the date on which the buyer closed the 113. purchase or transfer of the real Property. 114. SELLER’S REPRESENTATIONS: The following are representations made by Seller to the extent of Seller’s actual 115. knowledge. 116. (a) Radon test(s) HAVE HAVE NOT occurred on the Property. -------------(Check one.)---------------- 117. (b) Describe any known radon concentrations, mitigation, or remediation. NOTE: Seller shall attach the most 118. current records and reports pertaining to radon concentration within the dwelling: 119. 120. 121. 122. (c) There IS IS NOT a radon mitigation system currently installed on the Property. -------(Check one.)-------- 123. If “IS,” Seller shall disclose, if known, information regarding the radon mitigation system, including system 124. description and documentation. 125. 126. 127. 128. F. CHRONIC WASTING DISEASE IN CERVIDAE (The following Seller disclosure satisfies MN Statute 35.155, Subd. 11(d).) 129. Has Chronic Wasting Disease been detected on the Property? YES NO 130. If Yes, see Disclosure Statement: Chronic Wasting Disease. MN:DS:SDA-3 (8/24) -----(Check one.)----- 101 Oakwood Road, Hopkins, MN 55343 DISCLOSURE STATEMENT: SELLER’S DISCLOSURE ALTERNATIVES 131. Page 4 132. Property located at . 133. G. CEMETERY ACT: The following questions are to be answered to the best of Seller’s knowledge. 134. MN Statute 307.08 prohibits any damage or illegal molestation of human remains, burials or cemeteries. A 135. person who intentionally, willfully and knowingly destroys, mutilates, injures, disturbs, or removes human skeletal 136. remains or human burial grounds is guilty of a felony. 137. Are you aware of any human remains, burials, or cemeteries located on the Property? Yes No 138. If “Yes,” please explain: 139. All unidentified human remains or burials found outside of platted, recorded or identified cemeteries and in 140. contexts which indicate antiquity greater than 50 years shall be dealt with according to the provisions of MN 141. Statute 307.08, Subd. 7. 142. H. NOTICE REGARDING AIRPORT ZONING REGULATIONS: The Property may be in or near an airport safety zone 143. with zoning regulations adopted by the governing body that may affect the Property. Such zoning regulations are 144. filed with the county recorder in each county where the zoned area is located. If you would like to determine if such 145. zoning regulations affect the Property, you should contact the county recorder where the zoned area is located. 146. I. NOTICE REGARDING CARBON MONOXIDE DETECTORS: 147. MN Statute 299F.51 requires Carbon Monoxide Detectors to be located within ten (10) feet from all sleeping 148. rooms. Carbon Monoxide Detectors may or may not be personal property and may or may not be included in the 149. sale of the home. 150. J. WATER INTRUSION AND MOLD GROWTH: Studies have shown that various forms of water intrusion affect many 151. homes. Water intrusion may occur from exterior moisture entering the home and/or interior moisture leaving the 152. home. 153. Examples of exterior moisture sources may be 154. • improper flashing around windows and doors, 155. • improper grading, 156. • flooding, 157. • roof leaks. 158. Examples of interior moisture sources may be 159. • plumbing leaks, 160. • condensation (caused by indoor humidity that is too high or surfaces that are too cold), 161. • overflow from tubs, sinks, or toilets, 162. • firewood stored indoors, 163. • humidifier use, 164. • inadequate venting of kitchen and bath humidity, 165. • improper venting of clothes dryer exhaust outdoors (including electrical dryers), 166. • line-drying laundry indoors, 167. • houseplants—watering them can generate large amounts of moisture. 168. In addition to the possible structural damage water intrusion may do to the Property, water intrusion may also result 169. in the growth of mold, mildew, and other fungi. Mold growth may also cause structural damage to the Property. 170. Therefore, it is very important to detect and remediate water intrusion problems. 171. Fungi are present everywhere in our environment, both indoors and outdoors. Many molds are beneficial to humans. 172. However, molds have the ability to produce mycotoxins that may have a potential to cause serious health problems, 173. particularly in some immunocompromised individuals and people who have asthma or allergies to mold. 174. To complicate matters, mold growth is often difficult to detect, as it frequently grows within the wall structure. If you 175. have a concern about water intrusion or the resulting mold/mildew/fungi growth, you may want to consider having 176. the Property inspected for moisture problems before entering into a purchase agreement or as a condition of your 177. purchase agreement. Such an analysis is particularly advisable if you observe staining or any musty odors on the 178. Property. MN:DS:SDA-4 (8/24) 101 Oakwood Road, Hopkins, MN 55343 DISCLOSURE STATEMENT: SELLER’S DISCLOSURE ALTERNATIVES 179.Page 5 180.Property located at . 181.K. NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regarding the predatory 182.offender registry and persons registered with the predatory offender registry under MN Statute 243.166 183.may be obtained by contacting the local law enforcement offices in the community where the property is 184.located or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of Corrections 185.web site at https://coms.doc.state.mn.us/publicregistrantsearch. 186.L. SELLER’S STATEMENT: 187.(To be signed at time of listing.) 188.Seller(s) hereby authorizes any licensee(s) representing or assisting any party(ies) in this transaction to provide 189.a copy of this Disclosure Statement to any person or entity in connection with any actual or anticipated sale of the 190.Property. A seller may provide this Disclosure Statement to a real estate licensee representing or assisting a 191.prospective buyer. The Disclosure Statement provided to the real estate licensee representing or assisting a 192.prospective buyer is considered to have been provided to the prospective buyer. If this Disclosure Statement is 193.provided to the real estate licensee representing or assisting the prospective buyer, the real estate licensee must 194.provide a copy to the prospective buyer. 195.QUALIFIED THIRD-PARTY INSPECTION: If Seller has made a disclosure under the Qualified Third-Party 196.Inspection, Seller is obligated to disclose to Buyer in writing of any new or changed facts of which Seller is aware 197. that could adversely and significantly affect the Buyer’s use or enjoyment of the Property or any intended use of 198.the Property that occur up to the time of closing. To disclose new or changed facts, please use the Amendment 199.to Disclosure Statement form. 200.WAIVER: If Seller and Buyer agree to waive the seller disclosure requirement, Seller is NOT obligated to disclose 201.and will NOT disclose any new or changed information regarding facts. 202.OTHER REQUIRED DISCLOSURES (Sections A-F): Whether Seller has elected a Qualified-Third Party Inspection 203.or Waiver, Seller is obligated to notify Buyer, in writing, of any new or changed facts regarding Other Required 204.Disclosures up to the time of closing. To disclose new or changed facts, please use the Amendment to Seller’s 205.Disclosure form. 206. (Seller)(Date)(Seller)(Date) 207.M. BUYER’S ACKNOWLEDGEMENT: 208.(To be signed at time of purchase agreement.) 209. I/We, the Buyer(s) of the Property, acknowledge receipt of this Seller’s Disclosure Alternatives form and agree to 210.the seller’s disclosure option selected in this form. I/We further agree that no representations regarding facts have 211. been made, other than those made in this form. This Disclosure Statement is not a warranty or a guarantee of 212. any kind by Seller or licensee representing or assisting any party in the transaction and is not a suitable substitute 213. for any inspections or warranties the party(ies) may wish to obtain. 214.The information disclosed is given to the best of the Seller’s knowledge. 215. (Buyer)(Date)(Buyer)(Date) 216.LISTING BROKER AND LICENSEES MAKE NO REPRESENTATIONS HERE AND ARE 217.NOT RESPONSIBLE FOR ANY CONDITIONS EXISTING ON THE PROPERTY. MN:DS:SDA-5 (8/24) 101 Oakwood Road, Hopkins, MN 55343 Radon in Real Estate Transactions All Minnesota homes can have dangerous levels of radon gas. Radon is a colorless and odorless gas that comes from the soil. The gas can accumulate in the home. When inhaled, its radioactive particles can damage the lungs. Long-term exposure to radon can lead to lung cancer. About 21,000 lung cancer deaths each year in the United States are caused by radon. The only way to know how much radon gas has entered the home is to conduct a radon test. MDH estimates 2 in 5 homes exceed the 4.0 pCi/L (picocuries per liter) action level. Whether a home is old or new, any home can have high levels of radon. The purpose of this publication is to educate and inform potential home buyers of the risks of radon exposure, and how to test for and reduce radon as part of real estate transactions. Disclosure Requirements Effective January 1, 2014, the Minnesota Radon Awareness Act requires specific disclosure and education be provided to potential home buyers during residential real estate transactions in Minnesota. Before signing a purchase agreement to sell or transfer residential real property, the seller shall provide this publication and shall disclose in writing to the buyer: 1.whether a radon test or tests have occurred on the property 2. the most current records and reports pertaining to radon concentrations within the dwelling 3.a description of any radon levels, mitigation, or remediation 4.information on the radon mitigation system, if a system was installed 5.a radon warning statement Radon Facts How dangerous is radon? Radon is the number one cause of lung cancer in nonsmokers, and the second leading cause overall. Your risk for lung cancer increases with higher levels of radon, prolonged exposure, and whether or not you are a current smoker or former smoker. Where is your greatest exposure to radon? For most Minnesotans, your greatest exposure is at home where radon can concentrate indoors. What is the recommended action based on my results? If the average radon in the home is at or above 4.0 pCi/L, the home’s radon level should be reduced. Also, consider mitigating if radon levels are between 2.0 pCi/L and 3.9 pCi/L. Any amount of radon, even below the recommended action level, carries some risk. A home’s radon levels may change in the future, so test every 2–5 years, or sooner if there is major remodeling or changes to the foundation, heating, cooling, or ventilation. Radon Warning Statement “The Minnesota Department of Health strongly recommends that ALL home buyers have an indoor radon test performed prior to purchase or taking occupancy, and recommends having the radon levels mitigated if elevated radon concentrations are found. Elevated radon concentrations can easily be reduced by a qualified, certified, or licensed, if applicable, radon mitigator. Every buyer of any interest in residential real property is notified that the property may present exposure to dangerous levels of indoor radon gas that may place the occupants at risk of developing radon-induced lung cancer. Radon, a Class A human carcinogen, is the leading cause of lung cancer in nonsmokers and the second leading cause overall. The seller of any interest in residential real property is required to provide the buyer with any information on radon test results of the dwelling.” Radon Testing Any test lasting less than three months requires closed-house conditions. Closed-house conditions include keeping all windows and doors closed, except for normal entry and exit, and temperature set to 65 – 80 F. For a full list of closed-house conditions please visit mn.gov/radon/notice. Before testing: Begin closed-house conditions at least 12 hours before the start of the radon test. During testing: Maintain closed-house conditions during the entire duration of the short-term test. Operate home heating or cooling systems normally during the test. Where should the test be conducted? Any radon test conducted for a real estate transaction needs to be placed in the lowest livable area of the home suitable for occupancy. This is typically in the basement, whether f inished or unf inished. If other foundations are present, such as a crawl space or slab on grade, also test the rooms above these foundations. Place the test kit: 20 inches to 6 feet above the f loor 3 feet from exterior doors and windows 1 foot from exterior walls away from heat sources and drafts caused by vents and fans not in enclosed areas or areas of high heat/humidity How are radon tests conducted in real estate transactions? There are special protocols for radon testing in real estate transactions. Because these tests are time-sensitive there are two testing options. For both tests, test for a minimum of 2 days. Continuous Radon Monitor (CRM) MDH recommends CRMs in real estate testing. CRMs are calibrated, provide more data, and may detect tampering. The average of the results are used to make a decision to mitigate. Simultaneous Short-Term Testing Two short-term test kits are placed side by side, 4” – 8” apart. The results of the two tests are averaged and used to make a decision to mitigate. Radon Mitigation When elevated levels of radon are found, they can be easily reduced by a licensed professional. Radon mitigation is the process or system used to reduce radon concentrations in the breathing zones of occupied buildings. The goal of a radon mitigation system is to reduce the indoor radon levels to below the action level. This is done by drawing soil gas from under the house and venting it above the roof. A quality mitigation system is often able to reduce the annual average radon level to below 2.0 pCi/L. The cost of a radon mitigation system averages $1,500 to $3,000. After a radon mitigation system is installed perform an independent short-term test to ensure the reduction system is effective. Operate the radon system during the entire test. This short-term test will confirm low levels in the home. Be sure to retest the house every two years to confirm continued radon reduction. All radon testing and mitigation should be conducted by licensed radon professionals. Radon service providers, such as home inspectors, must be licensed. A list of these licensed radon professionals can be found at MDH’s radon web site. MDH conducts free inspections, upon request, of recently installed radon mitigation systems, to check that they meet requirements. More Radon Information www.mn.gov/radon Last Updated 4/2023 MDH Indoor Air Unit PO Box 64975 St Paul, MN 55164-0975 Contact Information 651-201-4601 800-798-9050 health.indoorair@state.mn.us ADDENDUM TO PURCHASE AGREEMENT: DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2020 Minnesota Association of REALTORS®, Edina, MN 1.Date 2.Page 1 3.Addendum to Purchase Agreement between parties, dated __________________ _ 4.(D ate of this Purchase Agreement), pertaining to the purchase and sale of the Property at 5. 6.Lead Warning Statement 7.Every buyer of any interest in residential real property on which a residential dwelling was built prior to 19 78 is notified 8.that such property may present exposure to lead from lead-based paint that may place young children at risk of 9.developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including 10.learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also 11.poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide 12.the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's 13.possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible 14.lead-based paint hazards is recommended prior to purchase. 15.Seller's Disclosure (Check one.) 16.D Seller has no knowledge of, or records or reports relating to, lead-based paint and/or lead-based paint hazards 17.in the housing. 18.D Seller has knowledge of lead-based paint and/or lead-based paint hazards in the housing and has provided Buyer 19.with all available details, records, and reports, if any, pertaining to lead-based paint and/or lead-based paint 20.hazards in the housing. (Please explain and list documents below.): 21. 22. 23. 24.Buyer's Acknowledgment 25.Buyer has received copies of all information listed above, if any. 26.Buyer has received the pamphlet, Protect Your Family from Lead in Your Home. 27.Buyer has: (Check one.) 28.D Waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or 29.lead-based paint hazards; or 30.D Received a 10-day opportunity (or mutually agreed-upon period) to conduct a risk assessment or inspection for 31.the presence of lead-based paint and/or lead-based paint hazards. 32.If checked, this contract is contingent upon a risk assessment or an inspection of the property for the presence of lead- 33.based paint and/or lead-based paint hazards to be conducted at Buyer's expense. The assessment or inspection 34.shall be completed within D TEN (10) □-----Calendar Days after Final Acceptance of the Purchase----(Check one.)------ 35.Agreement. TLX:SALE-1 (8/20) r::7 Minnesota rlb Realtors ® March 13, 2025 101 Oakwood Road, Hopkins, MN 55343 The property pre-dates 1979 and may contain lead-based paint. ADDENDUM TO PURCHASE AGREEMENT: DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS 36.Page 2 37.Property located at---------------------------------- 38.This contingency shall be deemed removed, and the Purchase Agreement shall be in full force and effect, 39.unless Buyer or real estate licensee representing or assisting Buyer delivers to Seller or real estate licensee 40.representing or assisting Seller, within three (3) Calendar Days after the assessment or inspection is timely 41.completed, a written list of the specific deficiencies and the corrections required, together with a copy of any risk 42.assessment or inspection report. If Buyer and Seller have not agreed in writing within three (3) Calendar Days 43.after delivery of the written list of required corrections that: 44.(A) some or all of the required corrections will be made; or 45.(B) Buyer waives the deficiencies; or 46.(C) an adjustment to the purchase price will be made; 47.this Purchase Agreement is canceled. Buyer and Seller shall immediately sign a Cancellation of Purchase 48.Agreement confirming said cancellation and directing all earnest money paid here to be refunded to Buyer. It is 49.understood that Buyer may unilaterally waive deficiencies or defects, or remove this contingency, providing that 50.Buyer or real estate licensee representing or assisting Buyer notifies Seller or real estate licensee representing or 51.assisting Seller of the waiver or removal, in writing, within the time specified. 52.Real Estate Licensee's Acknowledgment 53.Real estate licensee has informed Seller of Seller's obligations under 42 U.S.C. 4852(d) and is aware of licensee's 54.responsibility to ensure compliance. 55.Certification of Accuracy 56.The following parties have reviewed the information above and certify, to the best of their knowledge, that the 57.information provided by the signatory is true and accurate. 58. (Seller) (Date) 59. (Seller) (Date) 60. (Real Estate Licensee) (Date) TL.X:SALE-2 (8/20) (Buyer) (Buyer) (Real Estate Licensee) (Date) (Date) (Date) r::7 Minnesota rlb Realtors ® 101 Oakwood Road, Hopkins, MN 55343