Pre é STATE OF FLORIDA we hoe DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION, FLORIDA REAL ESTATE COMMISSION FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION, DIVISION OF REAL ESTATE, Petitioner, O 5 -UKOS VS. FDBPR Case N° 200181390 200181389 RAFAEL VIDAL AND ASSOCIATES REALTY CORP. Respondents. / ADMINISTRATIVE COMPLAINT State of Florida, Department of Business and Professional Regulation, Division of Real Estate (“Petitioner”) files this Administrative Complaint against Rafael Vidal and Associates Realty Corp. (“Respondents”) and alleges: ESSENTIAL ALLEGATIONS OF MATERIAL FACT I. Petitioner is a state government licensing and regulatory agency charged with the responsibility and duty to prosecute Administrative Complaints pursuant to the laws of the State of Florida, in particular Section 20.165 and Chapters 120, 455 and 475, of the Florida Statutes and the rules promulgated pursuant thereto. 2. Respondent Rafael Vidal is and was at all times material hereto a licensed Florida reat estate broker, issued license numbers 243143 and 3010721 in accordance with Chapter 475 of the Florida Statutes. The last licenses issued were as a broker at Videli Investments, Inc., 175 Fontainebleau Blvd. #216, Miami, Florida 33172 and involuntary inactive 6775 SW 158" Avenue, FDBPR v. Rafael Vidal Case No. 200181390 Administrative Complaint Miami, Florida 33193. 3. Respondent Associates Realty Corporation is and was at all times material hereto a corporation registered as a Florida real estate broker having been issued license number 1009051 in accordance with Chapter 475 of the Florida Statutes. The last license issued was at the address of 795] SW 40 St. #208 8, Miami, Florida 33165. 4. At all times material hereto, Respondent Rafael Vidal was licensed and operating as qualifying broker and officer of Respondent Associates Realty Corporation (“Respondent Associates”) 5. On or about October 1, 2000, the Department of Business and Professional Regulation cancelled Respondent Vidal’s real estate broker’s license BK-3008424 due to non-renewal. 6. At all times material, the above referenced licensee was registered with Petitioner as the registered broker for Respondent Associates. 7. On or about October 1, 2000, Respondent Associates real estate broker's license was cancelled. 8. During the period between October 1, 2000 and April 30, 2001, Respondents performed real estate broker activities, to wit: negotiating contracts, representing buyers and sellers in real estate transactions, and receiving commissions on real estate transactions. Copy of purchase and sale contracts negotiated by Respondents and their agents during above-referenced period are attached and incorporated as Administrative Complaint Exhibit | and 2. 9. On or about May 7, 2001, Petitioner’s investigator requested Respondent Associates to N FDBPR v. Rafael Vidal Case No. 200181390 Administrative Complaint produce records regarding real estate transactions during the above-referenced period including, but not limited to, escrow letters, financial riders, listing contracts, and offers. 10. On or about May 7, 2001, Respondent Associates failed or refused to provide the requested records in their entirety. COUNT I Based upon the foregoing, Respondent Rafael Vidal is guilty of having operated as a broker without being the holder ofa valid and current license as a broker in violation of Section 475.42(1)(a), Florida Statutes and, therefore, in violation of Section 475.25(1)(e), Florida Statutes. COUNT II Based upon the foregoing, Respondent Rafael Vidal is guilty of failing to ensure corporation is holder of current registration and license with the Petitioner in violation of Rule 61J2-5.019 of the Florida Administrative Code and, therefore, in violation of Section 475.25(1)(c), Florida Statutes. COUNT III Based upon the foregoing, Respondent Rafael Vidal is guilty of failure to preserve and make available to the Petitioner, all books, records, and supporting documents and failed to keep an accurate account of all trust fund transactions in violation of Rule 61J2-14.012(1), Florida Administrative Code and Section 475.5015, Florida Statutes, and, therefore, in violation of Section 475.25(1)(e), the Florida Statutes. COUNT IV Based upon the foregoing, Respondent Rafael Vidal is guilty of failure to have a current 3 FDBPR v. Rafael Vidal Case No, 200181390 Administrative Complaint registration with the Petitioner in violation of Rule 61J2-5.019 of the Florida Administrative Code and, therefore, in violation of Section 475.25(1\(e), Florida Statutes. COUNT V Based upon the foregoing, Respondent Associates Realty Corp. is guilty of having operated as a broker without being the holder of a valid and current license as a broker in violation of Section 475.42(1)(a), Florida Statutes, COUNT VI Based upon the foregoing, Respondent Associates Realty Corp. is guilty of failure to preserve and make available to the Petitioner, all books, records, and supporting documents and failed to keep an accurate account of all trust fund transactions in violation of Rule 61J2-14.012(1), Florida Administrative Code and Section 475.5015, Florida Statutes, and, therefore, in violation of Section 475.25(1)(e), the Florida Statutes. COUNT VII Based upon the foregoing, Respondent Associates Realty Corp. is guilty of failure to have a current registration with the Petitioner in violation of Rule 61J2-5.019 of the Florida ‘Administrative Code and, therefore, in violation of Section 475.25(1)(e), Florida Statutes. WHEREFORE, Petitioner respectfully requests the Florida Real Estate Commission, or the Department of Business and Professional Regulation, as may be appropriate, to issue a Final Order as final agency action finding the Respondent(s) guilty as charged. The penalties which may be imposed for violation(s) of Chapter 475 of the Florida Statutes, depending upon the severity of the 4 FDBPR v. Rafael Vidal Case No. 200181390 Administrative Complaint offense(s), include: revocation of the license or registration or permit; suspension of the license, registration or permit for a period not to exceed ten (10) years, imposition of an administrative fine of up to $1,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant or permitee to complete and pass additional real estate education courses; publication; or any combination of the foregoing which may apply. See Section 475.25(1), Florida Statutes (2001) and Florida Administrative Code Rule 61J2-24.001. The penalties which may be imposed for violation(s) of Chapter 455 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license, registration, or permit; suspension of the license, registration, or permit for a period not to exceed ten (10) years; imposition of an administrative fine of up to $5,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant, or permitee to complete and pass additional real estate education courses; publication; restriction of practice; injunctive or mandamus relief; imposition of a cease and desist order; or any combination of the foregoing which may apply. See Section 455.227, Florida Statutes (2001) and Florida Administrative Code Rule 61J2-24.001, FDBPR v. Rafael Vidal Case No. 200181390 Administrative Complaint , 2002. SIGNED this __© day of Professional Regulation By: Director, Division of Real Estate ATTORNEY FOR PETITIONER CHRISTOPHER J. DE COSTA Florida Bar N° 0271410 Senior Attomey, Real Estate Department of Business and Professional Regulation, Legal Section - Suite N 802 Hurston Bldg. North Tower 400 West Robinson Street Orlando, Florida 32801-1772 (407) 481-5632 (407) 317-7260 FAX CD/k PCP: MV/HF 11/02 NOTICE TO RESPONDENTS PLEASE BE ADVISED that mediation under Section 120.573 of the Florida Statutes, is not available for administrative disputes involving this type of agency action. PLEASE BE FURTHER ADVISED that pursuant to this Administrative Complaint you may request, within the time proscribed, a hearing to be conducted in this matter in accordance with Sections 120.569 and 120.57 of the Florida Statutes; that you have the right, at your option and expense, to be represented by counsel or other qualified representative in this matter; and that you have the right, at your option and expense, to take FDBPR vy. Rafael Vidal Case No. 200181390 Administrative Complaint testimony, to call and cross-examine witnesses, and to have subpoena and subpoena duces tecum issued on your behalf if a formal hearing is requested. PLEASE BE FURTHER ADVISED that if you do not file an Election of Rights form or some other responsive pleading with the Petitioner within twenty-one (21) days of receipt of this Administrative Complaint, the Petitioner will file with the Florida Real Estate Commission a motion requesting an informal hearing and entry of an appropriate Final Order which may result in the suspension or revocation of your real estate license or registration. Please see the enclosed Explanation of Rights and Election of Rights form. RVASSE ge 2 asaAgwe GASELSRSSERYSRLESTSSEARARAHAEE EYBSELH SE RRSR $e nce WRN ef iprovaramem end atigched Mame, malding fees, builtin fumiehings, but-in apptenoms, asiing fans, ght Bm siaches yal-eveal cmrpacing, ‘aes, draparm And other Window covainge Tha anty aoa tame inairded In ‘a nn Sbing efuchad kama am axguded trom she purchase: Aw TS “real art paieonel propecty deaotied abova ex mauded In the puvchuae ie ratetred to ow tia Erapenty.” Paracnal proparty lgiad Tete Pe mea epee pe rs eer me bangien er een PRICE AND FINANCING URCHASE PACE £3228.0999,00 payotte by Buyer in U.S. currency a follova: ys $1909.90 Deport received (choove ane mubpert my ot marerge) St » Zogt ty zi for cd Ceeraw Agatr’) as 4.065.589 Addie senna te ten mache iy Yabauare 65 + 900% } Tota) Financing (ese Panigrapn 3 nelow) (arpraes 28 a palar amoire of percertags) a Othe, \6 READIN lence fo dean (no inaucing Buyers dosing saN%, prepaid five snd prormtons), Ai funda paid st coring rust be osid by locally crawet onal s ow offeas bank check, or wited Tikes, INANCING: (Check ea apatantlel C) (a) Buyer will pay cash for the Property with ne Srancing sarenoescy. an {81 fb) This Cortrant is coringarn on Sayer cetiying hy and dbtaining (1) ansilar (2) baiow dhe 'Pisencingy De re 2202 (0 eR Dhan ther Closing Date of within $0 daye innin EMpative Dens, whinhawar eariics frag Ns TOC) A ccremrbemettor new CD ecenanamd X) PHA CVA Shansing for $ OF 97.000 hol the poratese price (plus « jeadte Plt, MOP, VA fonding fee} atthe preveriing [niereee race anid loa: cnets (7 FHA oF VA, dp0 ettectredt acctandim), oly for Galley fnandng ar exaumnefion of mortyage (sas atic’ addendum), layer wall eppy far Financmg within dey fram Effective Date (8 days heft ttenk) and wi fmaly provide ary sr ol credk, enphoyrrert, frente! act otter | An required by the lender, ERher parly muy canoe! this Contract 7 (Q) Btyer, far vai Higenes and good faith, canna! ottain tha Phandng, (inctuding meaiitg the tanta af the sommamand, or (1) the Pnanoing fered becauas the P: sropraines below the pion and etinar Guyer eleda ret to proopad or the paties pre unente oe a ne ego oee eta Upon Buyer Wal reaum af Rellanpevided Ie evidence, surveys and emusctation ommiant md Suyers depaatie) wil be tetuned efter Exarow Agent recalver pmpar euthortesticn from af [ntwrectad partes, CLOMMA (LOSING ATE; COCUPAKCT Tia Cuntest wi te cowed ond the dend arc owen dahared on Maca oh —— 8002 salag' Ort), amd extend by afer provers of tia Cactinc. The FSpacly Wk Py pena nme om ead ort Dew. Hf 00 revrenae. suspended, Buyer deaing 2ST casa NM So MET ote he Py eno Tetra tor for tha defects arcing tatween the tie sttactye date and recording Buyer's deed, closing agent will drebures wt tag tC na pracamc 1a Selo ere brsarage fa i BOAT OS parr PAREN JB, In. wcktuin t cover eermenien orice nn ‘@alber a: pay tha conte idl Cave peel cae, "Coute: Seer pay teran and nurtawen oft the came enc recoding fawe far dooumane riseded ts vary Site: oeriad. pontitmed and milfed soectd mesesamant lane and, f 2X Improvemiant ls substantaly campeted ve of Effeaivo Date, wn QU acuaed to the kat wntitacte of the sametxine: te % (1.5% 1K lel Dtenk} af fhe purshess pipe for repaire wo ‘eurrante Nee Cepalt Umky. and = "6 UOTE (IER Viet bank othe purerrese pre for crgariars (PT, Clie Oy Bi Comte; Riya WT pey heres end rec: ao ain ed ORGRORRS SEG Tae TR OS SS rane Oe ant eciatone nag soerial eansuaivart bara, fencer Icy, trmpactions; survey: fload tneurenon Her " monde a Porat re ‘earre/s tits iraurence commipent me tte avicence. C] Salier 7 Buyer wit ew pn = OY Se ate er Saar Se) Say tar the camara tle polcy, search, exeminesion end charges. sowed (n Paragrach 10(a2, Cy Seiler ey Boyer Wl pay fay the ownere thie ia pay fame for Ble aaprcnee print ta Realng, fot asurah and Gen {Of te cemrotien after edouing (f ary), tia examination ‘end doalng enanese Preoery. jecamen at be deterrnined, the previqur year's rates wil be used with fu Proce wt ond eougamnan forthe cart year cut be TNO OM, TLE ion to enerige in Gane, ia Tex Woinodaing! ayer and Deter wil Stnpty Wt, De TET TT aetna by acer mo ery repro EPECTION PEROSS: Boyer vat nortatute the Inapections rederenced in Parmgranhe 7 acl BORK! by Folensery 22 . tween, Eyrect: ‘amt han! jén Partod’y, tha wood-destraying Orgerens 9 etd RE a eer rek ert, mn tha waiedough Inepanton on Due tay Dafora Coat var ary other time @ en partes. WE Cy and waar ZAEES 2 ) wcrstadan cenit oo etn panei Page 1 of 4 Pages, 1300 O1mnD Manila Ammmaaiion od RAALTORO AL Rig Reawvert A | @ Aemisent EALTORAN arm OF, CRA Ne ce ai et A ASE” ae 02/02/01 17:56 TEED. 1518 Pol + facte thet matenaily arfect re vatue of Saae thet Guyer san reacty onsenve 77 7. REAL PROPERTY TISCUCSSURE: Setter somsana ‘rat Becer 7e the Property, “Note: viglatang sf geverr 79 arthatare known by Cf Nave Geen aecoses co awe, pules anc “eguiat Buyer, 30 (at Enargy Efficiency: duyer ecknawisdges recelpt of the Fonda Buising Sneralficionay Rating System =reehura, tte a 3 at new hore, the buliderSs FL-EPL cardis attached eg ac addendum. oy (b) Radon Gag: Radon is a naturally occurring radioectve gas thet when it haa accumulatad in z bullding in sufficient a qUanttAM, MAY Present Noein Aske tO DerECNe WG are exposed to 1 aver ume. Levela of radon thet aucead faders and aa state QuGRineD Neve ean found in mulsings in Florian. Additonal information ragatding radon and recon teating may be 85 Qpuined fram your courey pune heettn unt. Buyer may, within the inuneaton Peres, Nava an eoproonatey ticenmed oemon a8 seat the Prapery for radon. If tha radon evel axceada accepmne EPA siandards, Seiler may chocse reduce ine radon ST faval 6 an accaginble SPA level, falling whion either party may canea/ this Contract. 8a (c} Flood Zone: Buyer |e advised to venty by survey, with the lender end vath anpropiate goverment agencies which food 8g zone the Praperty is in, whather fload inaurance Is raquired and what restrictions apoly to impreving the Property and retuiding 90 In the evant of caeuaity, If the Property ia In a Spacial Soad Hazard Aragz or Coastal righ Hezard Area ars the tulidings are butt a1 telow the Mitimum flood elevation, Buyer may cancel thia Contract by delivering writen fotice to Satter within 20 days fom 92. Etective Oate, faiting which Buyer accepes the existing elevation af the puildings and zone deaignatian of the Proparty. 93 {d} Komeawner'a Agsocistion: if mambership in @ homeowners’ aneocetion iv mandatory, sn eeactiadon clacicsure a4 aummary |$ attached anc incorpormted imo this Contct SUVER SHOULD NOT SIGN THIS CONTRACT UNTIL ag BUYER HAS RECEIVED AND READ THE DISCLOSURE SUMMARY. 98 &. MAINTENANCE, INSPECTIONS AND REPAIR; Gailer wii keep the Property in the same conditon from ZMeacttve Date uri] $7 dosing, except for normal waar and tear (“mslntenancs requirement’) and repatm required by this Camtract. Getter wall provide 68 actese and utiles for Buyar's inapactions, Buyar wil rapalr ail damages % the Property reeuiting from tha inepectons and 99 ratum the Property ‘0 its pre-inapection condition. If Sailer is unable to comptete raquited rapalre ov trestmante prior to 100 claaing, Setier wk give Buyer a credit et closing far the cast of the senairs Seller was obigated to make, Seller wil xssign aif 701 aasignable rapair and traatment contracts to Buyar at closing. 102 a} Warranty, inspections and Repair. ” soe RT WTETECty: Bele warrams tet not-leased mejor apptancee and heating, oacling, mechanical, siaciicsl, securtty, 104 Sprinkler, septe and plumbing systecra, seawall, dack and pool equipment, F any, are and wil be maintained in working 4105 condition upti slesing; thet the structures (including rata) and paoi, & gny, are structuratly sound and watertight, anc ACB that the Provarty hae nroper permite. Setier does not warrant and net tyquired %© repsit cosmatic conditions, uniesa 407 The cOBmets condition seeutted tom a detect In = werrerted tam. Seiler ie nat obligated to bring aft fact inte 408 compfance with existing building code requistane unless neacaswary to repair 6 werranted item. “Working condition” meane operating in the manner in whtsh the item was designed to oparate and “cosmatts oonciitana” meena sestiretio 140 imperfactons that d6‘not affect tha worklng candition of the item, incuding pated marcite; missing or tom scresrs; fogged witkdews: tear, wont spate and clecoloration cf floor coveringeMwallpapersiwindow treatments; neil hols, soratchas, dents, acrapes, ching and cauking in bathroom cellingwwallsfcorngtia/ixturse/mirrom, and mmer cracks if 443 floor tlasMindowa/drtvewsya/sidewalla/poot desie/garage and patio floor. {2} Proteasional Inspection: Buyer may have warranted items inspected by a pergon whe spectaitzes In and holds an Ocoupational Hoanse (If required by iaw) to conduct home (napactions ar who holds a Florice Ncange to repair and maintain 118 the tems inspected (protessional Inspector}, Suyer must, within 5 daye from Uw and of the Inepecton Period, defver writen notice of any Heme that ere not in tre conditten werranted anc @ copy of te Inepectore written! report, # any, t _ Mallar, if Buyer fate to daliver dmety writen notice, Buyer waives Sailers warranty and accepts the lteme lleted In 419 udperagraph (#) in thelr "es Ie" conddona, except thet Seller must meet the maintenance requirement. (3) Repair: Galler is obligated only to make repatm necaseary tO bring Warranted ftame into the condition warranted, up to tha Repair Umit, Seller may, within 3 days from receipt of Buyer's notice of items thet are nat in the candition warranted, have @ second inspection made by a professional intpector and will repert-repeir estimates to Buyer. If the 423 ‘tat end second inepection reports differ and the parties cannot racova the differences, Buyer and Seller together will 494 choose, and equally soit the covt of, @ third Inepactar, whose written report WA be binding on the partes, If the cost to 126 repay warrented hams equate or is leva then the Repair Limit, Selter wil have the repairs made In s worgnaniiica menner 128 by an appropriatety lloenaed person. if the coat to-rapalr warranted items exoserts tha Rapaie Umit, aither panty may AQ? cancel thie Contract unless alther party pays the excess of Buyer designates which pepaire to make’ at @ total cost fo 126 Bailar not exceading the Repair Limit and eooepta tha balance of tha Propacty in ite “ee fe" condition. {h) Wood-Destroying Organlams: “Waed-destroying organism’ means arthrapod ar plant ifs, Including turmttes, powder-post 130 benties, oidhouse borers and waod-dacaying fungt, that Camages or [nfost eeazcned wood in # etructura, exciuding fences. Buyer may, at Suyet's expense and prior ta closing, have the Property inspected by a Floidadicaneed peat contro! business to determina the axistence of paw cr present wood-destroying arganiam (nfeatuton and damaga caveed by Infvetation. I the 193 Wnspecios finds evidence of Instetion or damage, Guyer wil dalver a copy af the Inapactor’s written report to Sriler within & 124 dave from the data of the inspection, Seller Is not obligated to treet tha Property If all the follwing sppty 0) there la no visible ive 138 © (nfeatutlan, (H} the Proparty has previouety been weatd, and (til) Seiler tranetore « current fut treatment warrenty to Bayer st 1368 closing. Othanmes, Galler wil have 4 deye from rmosipt of the Inspectora raport ta have caported damege ettimeted by a 437 tloaneed bulding or genaral contrector and coractive treatment extimeted by a Hoansad peat contro! business. Sellar wil have 438 treatments and repsine made by an appropriately licensed pecaon at Sellers oxpenac up to the Termite Repair Limit if tne cost 130 to hemt and repair the Property weeds the Termite Rapa Limi, either pedy omy yay the excess, ‘af which ether perty may anos! this Contract. f Buyer fate to tmaly deliver the inseector's written report, Bayer accapia the Proparty “ae ta” with regard to wood-destroying organtem Infestation and damage, eubject to the maintenance requiramant. 142 (a) Waik-sthrought Inspection: Buyec may watk through the Property solely to verity that Sear Hee meda repairs required 149 dy thle Contract amd has met oontreotum obligetiona No other Weues may be mined ae 9 reauit of the wallochvaugh 144 inapaction. Buyer fais ta conduct this mapscion, Seller's repair and maintenance abligations wit be deemed fuitlled 145 9. RIGK OF LOSS: It any portion of the Property 's damaged by fre br other oaauedty before olveing and cen bo reatoned within 448 46 days trom tha Cloaing Date to substantally the aame condition ea it was on Effective Dat, Seiter wii, at Seller's exienes, 447 restore the Property and the Clowing Date wil be extended according. if the restoration canno: be completed in ime, Buyer may scoapt the Property “es ft" with Seller easigning the inaurance proceada for tha Property to Buyer et ctowng, fading which “8 other party may cence thie Cortina. 1 TLE 40. TITLE: Salley wil conway matatable tifa to the Proparty by statutory warranty dead or trustes, personal representative or 4102 quran ore 88 appropriate % Bellar's statue, 180 (1) A tite insurance commitment ‘asved by a Aloddedicersed tte ineurer (n tha amount of the purchese orice snd 164 subject only te tite exceptions set forth in this Contract, fox Buyer Ltd) ) ane Bir XS acknowledge secaipt of 8 capy of tis page, which Is Page 2 of 4 Pages, FARG Rav, 1088 O1998 Pore Association of REALTORS® Alt Rights Rawerved C500 Peake AnsecieDen ar REALTOR Im beacons is CBR. AM urate a nen rane ate nem nae see 02/02/01 17:58 TX sw RA $$ nr SR emer 262 4g. PROFESSIONAL ADVICE, ROKER VIABILITY: Sroxer acviees Buyer sou Seiter 3 varty al tase ata professa: , advice jfor sxemoe ropeny ano wangaccon, stows of tite, f nm investor TapOring ‘suirements, st) smd ‘and other speciaized advice. Buyer peknomedges tet Broker does tet maida ic Se written of otherwae] ty Orokar are based on ‘Smiles rapresentetane of public records urveee Croker indicat farsanal verication ‘af tne Tapres@iietion. Guyer agree tn raty Extey Of Seiler, ptotescional Inspectors aniat sgeoaien tor verinaaden of the Orusarty candiinn, square footage and facts that materiaity aflect Property fens af al ‘avaie, incurtad by arent torres cess chorh, agertte and 9m aes in connection wath or ertaing from Auyars of Reiter's riimetat: st Src to recor oa a aanganne Buyer Te 8 Setar told narmisse and cetense Aroker end arokars officany, directors, 262 agents and amotayass fom alt }iataity for toma oF damage oaued on {4} Buyer's or Rallers misetateront of fnture to pero 263 contractual obligations, ) Sroxecs sertormancs, at Buyer's andor Bailer's request, of sny beak beyena the scape af aarvicee 354 reguletad. by Chapter 475, F.S., a8 amended, including Brokers raferral, secommendation or retention of amy vendor: © Ne predic 256 orsevices provided by any vandor snd (4) expenses incurred by any vendor. Buyer and defler qnch aeaunie full reepaty for 256 aniscting and compensating their respective vendors. Tre paragraph will not relleve Broker of statutory abiigatenu For purpeaas 257 of this paragraph, Srokar will be treated as @ pany to ths Contract, Thig oaragraph vall survive-cosing, 258 1%, BROKERS: The koansea(s) 8nd prokarage(s) named below are collectivery referred fo a2 “Broker,” Seifer and Guyer 750 acinawedge that the brokeragea(s) tamed batew ara the procuring ceuss of this treneacttan, Instruction to Closing Agent Setter 240 and Buyer direct closing agent to disburee et closing the ful amount of the brokerage eee as apeciied in separate Crokerace 281 agreements with the partes and cooperative agreements pemwasn the brokers, unten Broker has tetained such tase from tha 2 funda. in the absence of euch Brokerage egrasmen®, dosing agent wil disburse prokarage fees as indicated velow. 3 BMA A NOTD “pos Real Eolaie Licensee a eel 286" 2 Broker/ Brokerage eo: 3% 287 ADOENDA AND ADDITIONAL TERME OB 70, ADDENDA: The following additansl rerma are Included in, addarda and Incorporstad inte this Contract (chack tt sppilcactay: , 289° C) A Conda, Asan. 2 @. New Mart. Rates TJM, Housing Ctder Persone C) & Sale of Buyara Pronarly Be TE TB. Homeowners’ Anan, 3A H. Ax ie wiRight %0 inepact 7] N. UnimprovediAg. Prop = 7. Rezoning 771° QC. Sellar Finencng «=O Selt-inepections Py 0. interast-Bearing Account TU. Assignment AT 7D. Mort Assumntian (J. insulation Dlacioaure C1 P. Backup Contract 2 V. Prop. Otsolosure Sumt. WE aT €, FHA Financing OQ K Pre-1678 Housing Stme(LBP) CY Q. Broker - Pere. int in Prop. C} Other, yo 7a QF. VA Financing QL Flood inaurance Reqd, OR. Reqs TO Other _ a) Syecrrepas. ADDITIONAL TERMS: SELLER AGREES TO YAY TO BUYER Ke CF PURCHASE PRICE TOWARDS - CLosTag COAT, DIacOUNT FOTWTE AND PREPATDS. No oThut Se gtnte Nat Got Te Shank ve ZIT t ¢ 27a 285 ‘Thia le Intended to be « lagaily binding contract. It nat tatty understved, seak the advice of an aitormay prior to signing. 286 OFFER AND ACCEPTANCE 287° (Check ¥ applicable: Q) Buyer racaived a writien Teal property Gechosure etatamant from Geller batore making this Cfter,) 288 Buyer offers to purchase the Property on the above terme ‘and condifions Uniess ths Contyact 's signed by Seller and 4 copy 208° delivered to Buyer no later chan Dag. Daman, thie offer wit be revoked "280 and Buyer's daposit refunded aubjact to deat 291° Date 94/26/2902 Buyer: Tax (O/SSNE 282" Pant name: WALTER, ROWRA TEL 202° Cute: » Guyer Tax IO/SSN: za* Print rasta 295° Phone: ager Fax: 207 oat 2% 2 Lor lo Leth Pil 299° Date: Cafe (9 ite 02 300° 301" Phana: Address: ——- 302" Fe im S07" | Sater counters Buyar’s vier (to accept the courter offer, Buyer must sign or Initfal the counter offwred corms snd deiwer a copy 904° Uf the soceptance tp Geller by 6:00 p.m, on LEGAL VTA }. CY Setter rejects Buyer's offer. tos po: 00" Buyer (47 2) } and Seller BES acknowedga recetpt of a copy of this pega, which te Page 4 of 4 Pages. ‘Joe Pofda Amarietor of REALTORS and focal Bauni/Amasintan of ANAL TORD rahe na repressor, pits ow atequecy of at le torre Srey ear mmc. arene OY nao a a Sea ae eee Sores a wale Mia) “ nt adage " Soh een ene rm olor, ANA, PRES wet Sr ieee a ee =o “The copyright we fine tinted nse (17 (8. Cede} oid na unauarted eprauaon of tafe by Sm AEN mating Moen or sempre : ARG May. 008 188 Flatde Aucaclatan of REALTORS® Al Righta Reserved 1800 Preven Kemesindion REALTORS Sgarcoed CME, A Hiyhie Kemerved., 02/02/01 17:58 TX/RE NO. 4510 yoda i° 4. SALE AND PURCHASE: 2° ang 3 egras to sal Lagal Cescription: ig 0 PLO CAT NED 3 togather with all Improvements and attachad Nems, Including focuras, dultt-la fumishings, bulttin apstances, calling fans, tig! rods, draparias and other window coverings, The only othor tems Included In the 9 -fisturas, attachad wall-to-wall camating, 10* purchase ace; _ 440 1 EE {3° The fouewing athiched Items are exctuded from the purchase: . . iat ig at Os ; \5. TeteaLand iy descrbbed abo y y "Hroperty, Personal propery Isted 13 The tealand personal properly desaribed above ap ncuded in the purchase |g referred ‘5.45 the toperty, ‘erscnal propery 16 Inthls Contract Is ticuded in the purchase price, has no contibutory value and le being lett for Sellars conveniance. 7 - ++ PRICE AND FINANCING 18" 2. PURCHASE PRICE: ———. payable by Buyer it U.S, currency a3 follows: s as —_—— Caposit reosived (checks are subject to Cearancs) LZ NSE by i ta)s LOM am * 20° (Gacrow Agent’) at Synlare MNT Company or (by § Additonal deport taba made by C~ ‘ 23¢ 3 : va ] 4 Total Flaancing (see Paragraph 3 peiow) (9xpress 68 & dollar amount or porcantago) uw (as — Other: . wr (ahs Balance to class (not incuding Buyar’s dosing costs, prepaid tems and prorationa). All finds paki 23 atclosing must be paid by locally drawn cashier's check of offical bank check, or wired funds, ING! K 28" This Contract is contagent on Buyer qualifying for and obtaining (1) and/or (2) batow (the “Flnaneing’) by ' 29° (if kof blank then Closing Dato of within 30 daya fom Etecive Qato, whichaver occurs ira) (PI Inaneing Pernod: 10 4) Acanmitment for new T? convertor Oana Qa finarcing for $ or OP of he puranaea prica (plus 34 any spplicabla PMI, MIP, VA funding fee) at tha prevailing interast rato and foan costs (1 FHA or VA, sao attached addendum), an (2) Approval for Softer financing or nasumation of mortgage (see attoched addendum), 23" Buyer will apply for Finandag witin NED days from Effective Osto (6 days if loft blank) aad will timely provide any and alt credit, el omployment, financial and other Infarmauion raquired by tno (ender. Etthar Party may cance! this Contract 1 Buyer, after using 2S diligence and good fath, cannot obtain the Flaanding, (including meating tha terms of the commitment), or (li) the Financing Is w denied becausa the Property appralsas balow the purchase price and either Buyer dlocty Not to proceed er the patlos ore unable 37 {0 renagouate the purchase price, Upon cancellation, Buyer will retum af Seflanprovided tite evidoncs, surveys and assodation 25 Goouments and Buyer's deposit(s) will bo retumed afer Escrow Agent recaives proper authorization fom all interested parties, oS a cLosine . anor iN 19, 40" 4 GLORING DATE; OCCUPANCY: This Conrad wi bo closed and. the dood and possesion daltoed o 4 (Closing Date’), uniens extended by athar provisions of this Contract. The Property wil ba Swapt dean and Sellel’s personal Name 42 removed on af bolore Closing Date. if on Closing Dato Insurance tnderwrtiing Is Sunperied, Buyer may postpone clashg up to 5 days, SS §, CLOGING PROCEOURE: COSTS: Clasing will taka place In the County whore the “4 Buyer for tide defects avising between tho tite dingar affective date and recording of Buyar's deed, dosing agent will ditburse at ‘7 {a) Seller Coats: Soffer will Day taxaa and aurtaxes on tha deed and fecording fees for documents Raeded to cure ttle; certified, 0 gonfirmed end ralifed Apecial sasoasmant liens and, If an Improvement io tibetantially comploted as of GHoctve Date, an G* amount oqual to tha last estimate of the assagsmant: up to % (1.5% If loft blank) of tne purchases price for repairs to 0° war amod items (“Repate Umit}; and up'to % (TSK AR blank) of tha purchase prio for wood-deatraying organism 1" treatmant nd repairs (“Termita Repair Umit}; Other __* * . at 2 (2) Buyer Costs: Buyer wil Day taxes and recarding 5 (9) Thee lence a insurance: Check (1) or (z]s rae . i C) (1) Setter will provide a Pamgraph 10(aX1) owner's ttle Insurance commitment as tla evidence.) Seller Q Buyer wit * tolect the ttle agent. C) Salter of will pay for tha owners ite policy, search, examination and related charges, Each party will pay te own coal foes, . 1) (2) Sailer will provide Ue evidenos as spediiad tn Paragraph 10(a)(2). Q Salter (9 Buyor will pay for the owners the () Hama Warranty: () Buyar QSaller I will pay for’ home warranty plan igeued by ata ; is puEPreuneepuemeresse ree) COM net to exceed So home warranty plant provides for tepair or replacement of many of a home's mechanical systems and major bult-ln Appliances In the ayent of breakdown dua to normal wear and tear during he agreement per PROPERTY CONDON: fot 4 INSPECTION PERIODS: Buyer will compiate the Ingpectians referenced in Paragraphs 7 and 8(a)(2) by , (whhin 10 days from Effective Date If tet blank) Clnapection Partod”); the Wood-dastroying organlém neha y. a OO . (prlor to chising, If lalt blank): and the walk-through inspection on tha day before Closing Date of any olnar time sgreaatie to ti (ne ‘ a : Buyer ¢ d and Seller ti) acknowledge recelpt of « copy af this paga, which ie Page t of 4 Pages. Rev 1008 C1088 Reride Aahocletion of REALTORS® AL Rihis Noeancd that (nave . COR, At certify “int wnt REALTOR Joe CH, Ad oon e {hereby is sggyment , . . tet an Soller to provide additional cash at i Is 9 “foreign person” as defined by fed OMPLAINT “examin : an and that AEM GuAGILIIT: Becaes dovises Buyar ar S-“'oP 19 verry ay facts and reorcsentatons thet nal an appropaats crfagsicnal Sek 2 (fy example, interecstng saliaeel Property arg, Vansaccon, atatue cf tle, to. 1 investor feporing requicemants, etc.) an mal and sthar sseciadzed by Broker are based on Satlar Tapresentationg or Buble rocards, . Buyer agrees to rely soley on Selfer, professional Inapectors itt, square footage and facte thet materially affect Property ‘Broker /, 267 ADDENOA AND ADDITIONAL TERMS : 288 29, ADDENDA: The following additional terms ana Included In addenda and incorporated into this Contract (check if appilesbie): 249" . Conde, Asan. O G. New Mort, Rates. - OM, Housing Oider Parsons Q 8. Sale of Buyer's Property 270° 12 8. Homeowners’ Asin. O H, As Ia WRightto Inspect” . CY N, Unimproved/Ag, Prop Q T. Rezoning 274° JC. Beller Financing =O) 1 Solf-Inapectons Qo. Interest-Baaring Account Gu. Aaslgnment 272° QD. Mort, Assumption =D J. Insulation Disclosure OP, Back-up Contact . Prop, Olsciosure Shnt, zr" . FHA Financing O fe Pre.1078 Housing Sime(.8P) OQ. Broker - Pers, Int. in Py Other 274°"C2) F. VA Financing prend insurance Reqd, OR. Rentals Other 275 21, ADDITIONAL TERMS: “py 0 OFFER AND ACCEPTANCE 287 (Check If appitcable: (7 Buyer recetved @ written Meal property disclosure Statoment from Sellar before making ‘this Offer.) 288 Buyer offers to purchase the Property op the above terms and conditicns, Unless this Contract signed by Saller and a copy 289" deliverad to Buyer no tater than oD Z OC am. p.m on » this offar wid be revoked 29 and Buyers dopaatt refunded aubjact {o/c 291" Date: L22L22O09 Buyer Tex (O/S8N: 292" Print nemas el 293° Date: Buyer: Tax IDVSSN; 204° Print rama: 288" Phone: Address: 7 298" Fax 297 Oae:_/2- 15 ~ Tax ID/SSN: 208 . Prot nama: ' 250" Oate: Baller: _ Tax IDS8N: —_—_ mo wo Print ni : : — ame! a > oo 301° Phone: Address: : 902" Fax, — 303° Selier Counters Buysr's offer (to Accept the caunter offar, Buyer must sign or intwal tne Counter offered terms and deliver a copy 34° Gf the acceptance to Seiler by 6:00 p.m. on . ). O Saller rejects Buyer's offer, 3C6™ Buyer ( )¢ } end Geller ¢ } aeowledga receipt ofa capy of tus page. which Is Page 4 of 4 Pe . a NOI b drn ‘ oy aaa ruts i TOU oe Bruno REALTORS cata re umain wa remem ss 5 et Ay provielad bof bis form crane pada varascton, This eandardaed toon eho ea be tae hoax tae rig x : ie matt eae ova raneve fiers OF nations, Ay sree rey be eR Mamborsht: State Loonseae wha are members of Tut NDOT! don of REALTORS wid wha ausscre lo ho Lode oF EIN erent9 Mark ‘ned ty OY real ‘The copyright Lema af the Uriled States (17 US. cates ere te em ers haeuomeetms > FAR-§ Rey, 10/98 1250 Ponds Assockton of REAL TORSD Ad Rights Rirerved PA nn : eri . * “)nereby certify that | have f the original of this document uaa Gat tls Isa tug and correct copy d¢cGaltoriginal.. 4 "700 PMP AsmociahOn ck RPALTORE® Youread to ORF AS Me Rssarves, Premio Def erat 104 Fe a Chir oe Man a

Docket for Case No: 02-004805