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r 200312347 IMPORTANT INFORMATION ABOUT THIS AGREEMENT 1. You must make a Good Faith Effort to Seca the Property under the terms of this Agreement When you sign the other side of this form, you agree to begin immediately to take steps to sell the property and to continue to make *a good faith effort to sell the property until it is soil To make a good faith effort to sell the property you must, at a minimum, either. (al fist tho oropew far sale with a licensed real estate broker at the property "s approximate fair market value and be willing to negotiate the price and the terms of the 13310 with potential buyers. or (b) Make an individual effort to soil the property which shall include all of the following: (1) Advertise once a week in at least one publication of general circulation that the property is for sale. (2) Place a sign on the property indicating that the property is for sale. Whenever possible the sign shall be visible from the street. (3) Offer the property for sale at its approximate fair market value. (4) Be willing to negotiate the price and the terms of the sale with potential buyers and respond to all reasonable inquiries about the property. 11. You must try to Sell the Property at no more than its Approximate Fair Market Value The fair market value of the property is your choice of: (a) The assessed value of the property, or (b) A valuation of the market value of the property obtained by you from a licensed real estate broker. (c) In exceptional circumstance& such as when the property is located in a remote area and it is impossible or impractical to obtain a valuation. and you believe that the assessed value is too high or too low, the county and you may agree on the market value based upon other available information. 111. Notify your County Welfare Department Notify your County Welfare Department as soon as you soil the property. Also. notify thorn if you have problems selling i6oprpperty or if you decide not to sell the property. 0 0