MAXIMUM-PROCEEDS EQUITY SYSTEM

PROGRAM RULES ADDENDUM

Your Hollywood Home SOLD for Top Dollar, in 29 Days or Less — GUARANTEED* …or I’ll Pay

You Up to $3,000 CASH

This Program Rules Addendum (the “Addendum”) is attached to and made a part of the residential Listing

Agreement (the “Listing Agreement”) entered into between the parties identified below. This Addendum

defines the specific terms, conditions, and parameters of the “Maximum-Proceeds Equity System”

guarantee offered by Agent. In the event of any conflict between this Addendum and the Listing

Agreement, the terms governing the guarantee in this Addendum shall control as to those guarantee

terms only.

Seller(s): _________________________________________________

Property Address: _________________________________________________

Agent: Phillip Khaylo | Broker: GK Realty Group

Agent Contact: [email protected] | (754) 333-0873

Listing Agreement Date: _________________________________________________

1. Key Definitions.

(a) “Top Dollar” means the highest mutually agreeable gross sale price for the Property as set

forth in the Listing Agreement, excluding any seller-paid buyer concessions, credits,

commissions, or expenses.

“Top Dollar” shall be $__________. Seller Initials: ______ Broker Initials: ______

(b) “Sold” means that Seller has accepted a bona fide written offer to purchase the Property at or

above Top Dollar from a ready, willing, and able buyer.

(d) “Guarantee Period” has the meaning given in Rule 2.

2. Guarantee Period. The “Guarantee Period” shall be the twenty-nine (29) calendar-day period beginning

on the date the Listing goes live in the MLS and continuing for twenty-nine (29) consecutive

calendar days thereafter. All time references use the local time of the listed Property. The Listing

Agreement remains in full force and effect under its own term beyond the Guarantee Period;

expiration of the Guarantee Period ends only the guarantee set forth in this Addendum, not the Listing

Agreement.

3. The Guarantee. Agent guarantees that the Property will be Sold at Top Dollar within the Guarantee

Period. If the Property is not Sold at Top Dollar within the Guarantee Period, and Agent’s obligations

are not deemed met under Rule 4, Agent shall make the payout described in Rule 5.

4. Agent’s Obligations Deemed Met. Agent’s obligations under this guarantee shall be deemed met —

and the payout under Rule 5 shall not apply — if, during the Guarantee Period, any of the following

occurs:

(a) Seller accepts a written offer at or above Top Dollar; or

(b) Agent presents to Seller a bona fide written offer at or above Top Dollar from a ready, willing,

and able buyer, and Seller declines, rejects, or fails to act upon that offer.

Once an offer satisfying (a) or (b) has been accepted or presented, Agent’s obligations under this

guarantee are deemed met regardless of whether the transaction ultimately closes.

5. Scaled Monetary Payout — Commission Reduction at Closing Only. If the Property is not Sold at

Top Dollar within the Guarantee Period and Agent’s obligations are not deemed met under Rule 4,

Agent shall pay Seller a sum determined by the Final Selling Price of the Property, according to the

following schedule:

(a) Final Selling Price of $1,000,000 and above: $3,000.

Maximum-Proceeds Equity System Page 3 of 4 Seller Initials: ______

(b) Final Selling Price of $750,000 to $999,999.99: $2,500.

(d) Final Selling Price of $400,000 to $549,999.99: $1,500.

(e) Final Selling Price up to $399,999.99: $1,000.

“Final Selling Price” shall mean the final contract price of the Property as stated in the fully

executed purchase agreement at closing, and shall NOT include — and shall be calculated

without factoring in — any reductions or concessions to the buyer, any seller-paid credits, or any

commissions.

Any sum owed under this Rule shall be paid exclusively as a reduction to Agent’s commission at

the closing of the transaction. Such payment shall NOT be made in cash, by check, by wire

transfer, or by any other means. The payout is a closing-table credit and nothing more. If the

transaction does not close, no payout is owed. If Seller terminates the Listing Agreement before

closing, no payout is owed. The payout under this Addendum is fundamentally tied to a

successful closing of the transaction.

6. Exclusive Listing Until Closing. This guarantee is offered in consideration of, and is expressly

conditioned upon, Seller granting Agent an exclusive right to sell the Property from the date of the

Listing Agreement through the closing of the transaction. The guarantee and the payout under Rule 5

apply only where Agent has held the exclusive listing from listing through closing.

7. Minimum Fee Floor. In no event shall any payout under Rule 5 reduce Agent’s total compensation

below the minimum amount required to satisfy any cooperating-broker compensation, brokerage

minimums, or transaction costs owed by Agent in connection with the sale. Any payout is applied only

to Agent’s net retained commission.

8. Commission. Seller agrees to pay Agent a commission of __________% (to be completed) of the

Sale Price at closing, as further set forth in the Listing Agreement. This Addendum does not alter the

commission except by operation of the payout in Rule 5.

9. Program Fee. Seller shall pay a one-time program fee of $__________ (if any) to participate in the

Maximum-Proceeds Equity System. If no amount is entered, no program fee applies.

10. Show Condition. Seller shall keep the Property in clean, show-ready condition at all times during the

Guarantee Period and shall promptly complete any reasonable items necessary to present the

Property favorably to prospective buyers. Failure to maintain show condition that materially impairs

Agent’s ability to obtain an offer at Top Dollar shall relieve Agent of the guarantee.

11. Showings. Seller shall make the Property reasonably available for showings, including on short

notice and during evenings and weekends, and shall not unreasonably deny, delay, or restrict

showing requests during the Guarantee Period.

12. Lockbox and Signage. Seller authorizes Agent to place a lockbox on the Property and to install

standard yard and directional signage as Agent deems appropriate to market the Property, subject to

applicable HOA and local rules.

13. Pricing Cooperation. Seller agrees to list and maintain the Property at Top Dollar as established

with Agent. The guarantee is void if Seller refuses to list at, or insists on a price above, the Top Dollar

mutually agreed upon with Agent.

14. Non-Interference with Marketing. Seller shall not interfere with, override, or restrict Agent’s

marketing of the Property in any manner that impairs Agent’s ability to achieve a sale at Top Dollar

within the Guarantee Period.

15. Good Faith Negotiation. Seller shall negotiate in good faith with respect to any bona fide written

offer at or above Top Dollar presented during the Guarantee Period. Unreasonable refusal to

negotiate such an offer relieves Agent of the guarantee.

16. Cooperation on Repairs and Improvements. Where reasonable repairs or improvements are

necessary to sell the Property at Top Dollar within the Guarantee Period, Seller agrees to cooperate

in completing them on a timely basis. Seller’s refusal to complete reasonable, agreed-upon items

relieves Agent of the guarantee.

Maximum-Proceeds Equity System Page 4 of 4 Seller Initials: ______

17. Seller Withdrawal from Market. If Seller withdraws the Property from the market, removes it from

active marketing, or makes it unavailable for showings during the Guarantee Period, the guarantee

under Rule 3 and the payout under Rule 5 shall be immediately null and void. Such withdrawal is

treated as a violation and not as a permitted exit.

18. Force Majeure. Agent shall not be responsible for any failure or delay in performance caused by

events beyond Agent’s reasonable control, including but not limited to acts of God, natural disasters,

fire, flood, governmental action, or conditions that render the Property inaccessible or unmarketable.

The Guarantee Period clock shall pause during any such event and resume when the Property is

again accessible and marketable.

19. Violation by Seller. Any violation by Seller of any rule in this Addendum shall result in the guarantee

under Rule 3 becoming immediately null and void. Upon such violation, Agent and Broker shall be

released from all guarantee obligations under this Addendum. The Listing Agreement itself shall

remain in full force and effect under its original terms. NO OTHER GUARANTEES ARE MADE OR

IMPLIED.

20. Indemnification. Seller agrees to indemnify and hold harmless Agent and Broker from any claims,

losses, damages, or expenses arising from Seller’s breach of this Addendum, including but not limited

to any third-party claims related to the Property, its condition, or its sale.

21. Controlling Language. In the event of any conflict between this Addendum and the underlying

Listing Agreement, the Listing Agreement shall control, EXCEPT for the specific guarantee terms

defined in this Addendum, which shall control as to those guarantee terms only. This Addendum shall

be governed by the laws of the State of Florida.

SELLER ELECTION

[ ] I ACCEPT and elect to participate in the “Maximum-Proceeds Equity System” under the terms of

this Addendum.

[ ] I DECLINE participation in this program and proceed under the standard Listing Agreement only.

All undersigned parties do hereby acknowledge receipt and agreement of the terms herein.

Acknowledged this ________ day of ____________________, 20______.

Seller Signature: ______________________________ Date: ______________

Agent Signature: ______________________________ Date: ______________