The Broker shall represent the Navajo Nation by working under the Navajo Land Department and the Division of Natural Resources, assist with negotiations, prepare or assist in the preparation of a real estate purchase agreement and review all necessary contract documents for the purchase. The services to be provided will include every step of a real estate purchase transaction, from searching for the desired property to closing of escrow and final purchase in collaboration with the elected Title and Seller’s representative(s). The Broker shall use standards of practice used in Real Estate transactions to represent the Navajo Nation working under the Navajo Land Department and the Division of Natural Resources. As a general matter, the Broker will meet with the assigned Team to search for properties that meet the criteria that will be provided by the assigned Team, draft a Letter of Intent when a property is selected, draft or assist in the drafting of a Purchase Contract to be reviewed by the Division of Natural Resources attorney and the Navajo Nation Department of Justice. In the case of the going concern, NLD and DNR have selected an acceptable real estate purchase agreement form. The Broker will advocate, negotiate and work for the benefit of the NLD and the DNR based upon a fiduciary responsibility to the Navajo Nation. The Broker will also review any documents such as the title report, due diligence reports, documents from Seller’s representative or Title Company, assist involved Divisions and Departments that will manage and be part of the transition after closing as part of due diligence, and help with interior transaction package in accordance with the Navajo Nation Land Acquisition Act and its implementing Rules and Regulations. The Broker agrees to keep all information confidential and will not disclose any information specified by the NLD and the DNR in whole or in part or reveal any of the aforementioned confidential information to any persons whatsoever other than the NLD and the DNR, unless otherwise approved.
