1010 E Arapaho Rd - Richardson, TX

1010 E ARAPAHO RD RICHARDSON, TX (DALLAS MSA)

THIS PROPERTY MUST BE MUST BE PURCHASED WITH 7207 GESSNER RD - HOUSTON, TX. CONTACT AGENT FOR DETAILS.

PO RTF O L IO INFOR MAT I ON

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

Portfolio Roll Up

1010 E Arapaho Rd must be must be purchased with 7207 Gessner Rd - Houston, TX. Contact agent for details.

Tenant

7207 Gessner Rd Houston, TX 77040

1010 E Arapaho Rd Richardson, TX 75081 TOTALS/AVERAGES

GLA

NOI

Asking Cap Rate

Asking Price

PSF

92,729

$1,052,241

7.95%

$13,229,000

$142.66

73,152

$802,396

8.22%

$9,760,000

$133.42

165,881

$1,854,637

8.07%

$22,989,000

$138.04

1010 E Arapaho Rd

7207 Gessner Rd

Richardson, TX 75081

Houston, TX 77040

CLICK HERE TO VIEW 1010 E ARAPAHO RD OM

CLICK HERE TO VIEW 7207 GESSNER RD OM

PROPERTY DESCRIPTION

2

PRI CING & F INAN CI AL AN ALYSI S

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

1010 E Arapaho Rd 1010 E Arapaho Rd Richardson, TX 75081

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF Occupancy Year Built Gross Leasable Area Lot Size

$9,760,000 8.22% $802,396 $133.42 93.7% 1985 73,152 SF 4.00 Acres

F I N A N C I A L A N A LY S I S

3

PRI CING & F INAN CI AL AN ALYSI S

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

100%

GROSS POTENTIAL RENT

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

CURRENT

PSF

$1,112,987

$15.21

$1,112,987

$15.21

EXPENSES

CURRENT

PSF

Real Estate Taxes

$153,261

$2.10

Insurance

$30,603

$0.42

CAM

Expense Reimbursements Real Estate Tax Recoveries

$8,058

$0.11

CAM - Disposal

$5,577

$0.08

Insurance Recoveries

$10,209

$0.14

CAM- Interior Paint

$1,321

$0.02

CAM Recoveries

$152,376

$2.08

CAM - Janitorial

$68,274

$0.93

$170,643

$2.33

CAM - Day Porter

$20,259

$0.28

$1,283,630

$17.55

CAM - Landscaping

$1,280

$0.02

CAM - Pest Control

$6,511

$0.09

R&M - Elevator

$3,159

$0.04

R&M - HVAC

$4,315

$0.06

$1,075

$0.01

$311

$0.00

Total Expense Reimbursements EFFECTIVE GROSS REVENUE Operating Expenses Total Insurance

$30,603

$0.42

Total Real Estate Taxes

$153,261

$2.10

R&M - Interior Building Maintenance

Total CAM

$256,961

$3.51

R&M - Lamps & Ballasts

$40,408

$0.55

R&M - Plumbing

$24,643

$0.34

Total Recoverable Expenses

$481,233

$6.58

R&M - Roofing

$10,472

$0.14

Net Operating Income

$802,396

$10.97

R&M - Security

$98,769

$1.35

R&M - Salaries

$10,997

$0.15

$1,378

$0.02

$124,171

$1.70

$8,912

$0.12

$256,961

$3.51

$40,408

$0.55

$481,233

$6.58

Management Fee

3.0%

R&M - Sprinkler Repairs Utilities - Electricity Utilities - Water & Sewer Total CAM Management Fee Total Expenses

3.00%

F I N A N C I A L A N A LY S I S

4

LOAN INF O RMAT I ON

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

EXISTING ASSUMABLE LOAN LabCorp Price

$13,229,000

1010 E Arapaho Price

$9,760,000

Total Purchase Price Loan Amount (as of Jan 1, 2021) Equity to the Note Loan to Purchase Price Interest Rate Amortization Schedule Loan Constant Call Call Date

$22,990,000 $13,609,939 $9,380,061 59.20% 4.63% 30 Years 6.17% 10 Years 1/1/28

Residual Percentage

80.42%

NOI 1010 E Arapaho

$802,396

NOI LabCorp

$1,052,241

Total NOI

$1,854,637

Annual Debt Service Clear Cash after DS Debt Service Coverage Ratio Cap Rate Cash on Cash Return Assumption Fee

$840,178 $1,014,459 2.21 8.07% 10.82% 1.00%

PROPERTY DESCRIPTION

5

RE NT RO L L

Tenant

Aprima Medical Software, Inc

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

Suite

SQ FT

100, 200, 55,000 300

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

75.19%

09/16

03/24

$896,500

$74,708

$16.30

$134,761

$2.45

$1,031,261

80.34%

Xchangelabs, LLC

102

3,370

4.61%

08/16

09/23

$57,290

$4,774

$17.00

$9,639

$2.86

$66,929

5.21%

Available

105

3,252

4.45%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

D&E Structures Consulting Engineers, LLP

106

4,073

5.57%

01/11

09/21

$67,205

$5,600

$16.50

$17,963

$4.41

$85,167

6.63%

Available

107

1,324

1.81%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Synaptic Solar

108

6,133

8.38%

04/20

05/23

$91,992

$7,666

$15.00

$8,281

$1.35

$100,273

7.81%

Total Count/GLA

6

73,152

100%

Totals

$1,112,987

$92,749

Occupied

4

68,576

93.7%

Available

2

4,576

6.3%

$16.23

68,576

100.0%

Total Avg Rent

$170,643

$1,283,629 100.00%

F I N A N C I A L A N A LY S I S

6

E S TI MATED REIMBUR SEMEN T R EVEN U E

Tenant

Aprima Medical Software, Inc

Suite

SQ FT

100, 200, 55,000 300

% of SQFT

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

Real Estate Taxes

Insurance

CAM

Management Fee

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

75.19%

$229

$0.05

$688

$0.15

$10,313

$2.25

$0

$0.00

$11,230

$2.45

Xchangelabs, LLC

102

3,370

4.61%

$11

$0.04

$112

$0.40

$680

$2.42

$0

$0.00

$803

$2.86

Available

105

3,252

4.45%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

D&E Structures Consulting Engineers, LLP

106

4,073

5.57%

$431

$1.27

$51

$0.15

$1,015

$2.99

$0

$0.00

$1,497

$4.41

Available

107

1,324

1.81%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Synaptic Solar

108

6,133

8.38%

$0

$0.00

$0

$0.00

$690

$1.35

$0

$0.00

$690

$1.35

73,152

100%

$671

Totals

$851

$12,698

$0

$14,220

PROPERTY DESCRIPTION

7

L E A SE PROVIS ION S

Tenant

Aprima Medical Software, Inc

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

Suite

SQ FT

Base Rental Increases

Renewal Options

Date

PSF

Options

Date

PSF

CAM Cap

CAM Cap Description

Termination Rights

100, 200, 300

55,000

4/1/2022 4/1/2023

16.65 17.00

1x7

4/1/2024

MKT

Yes

Base Year 2016

-

Xchangelabs, LLC

102

3,370

10/1/2021

17.25

-

-

-

Yes

Base Year 2016

-

Available

105

3,252

-

-

-

-

-

-

-

-

D&E Structures Consulting Engineers, LLP

106

4,073

7/1/2020

16.50

-

-

-

Yes

Base Year 2015 6% non cumulative cap on controllalable CAM

-

Available

107

1,324

-

-

-

-

-

-

-

-

Synaptic Solar

108

6,133

6/1/2021 6/1/2022

15.50 16.00

-

-

-

Yes

Base Year 2020

-

Totals

73,152

F I N A N C I A L A N A LY S I S

8

TE NA NT INF ORMAT I ON

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

DBA

Aprima Medical Software, Inc.

Entity on Lease

Aprima Medical Software, Inc.

Corporate/Franchise

Corporate

Locations

1

Public/Private

Private

Line of Business

Aprima Medical Software, Inc. provides innovative electronic health record, practice management and revenue cycle management solutions for medical practices. Aprima uses a fast, flexible design that adapts automatically to a physician’s workflow and sets the benchmark for ease-of-use, speed and flexibility, and is one of the few companies with an 18-year track record of success. Aprima is a subsidiary of CompuGroup Medical, a German medical software company which has a market cap of $4.67B and reported revenue growth of 18% in 2020.

DBA

Synaptic Solar

Entity on Lease

Synaptic Solar, LLC

Corporate/Franchise

Corporate

Locations

1

Public/Private

Private

Line of Business

Synaptic Solar is a licensed and insured solar Engineering, Procurement, and Construction contractor, utilizing industry experts who understand the challenges of today’s solar PV Installs. We all work together to bring to your customer a professional and pleasant experience. We are one of the few EPC companies that truly in-house every thing from the engineering to the construction, to bring you the lowest industry costs.

PROPERTY DESCRIPTION

9

I N VE S TMENT HI GHLI GHT S

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

• Stabilized Asset with Value-Add Opportunity: The Property is Currently 93.7% Occupied Providing Investors with a Stable Cash Flow while Offering Potential Upside Through the Lease-Up of the Remaining 3,252 Square Feet of Available Space and an Additional 3,370 SF Available for Renewal or a New Tenant in August.

• Built-In Upside: 83.57% of the Current Line of Tenants have Contractual Rental Escalations Structured in their Leases, Virtually Guaranteeing Future Income Growth over the Next Several Years. By the end of 2022, the Property is Scheduled to Produce $63,880 of Additional Income.

• Exceptional Positioning within Telecom Corridor: The Property is Located in the Telecom Corridor, a Region of the Dallas-Fort Worth Metroplex that is Densely Occupied by Software, Telecommunications and other High-Tech Firms.

• High Traffic Counts: The Property Sits in a HighTraffic Area of the Dallas area. East Arapaho is a Major Thoroughfare with Traffic Counts over 32,000 Vehicles per Day and Direct Access to U.S. Route 75, the Main Highway through the Telecom Corridor. E Arapaho is also Positioned Evenly between Interstate 635 and the President George Bush Turnpike, two major highways in Dallas.

• Proven Tenant Resiliency: The tenants at the Property have shown durability and resiliency by paying rent in full during the COVID-19 pandemic. Additionally, XchangeLabs renewed during the pandemic further showing the resiliency of the tenant base.

PROPERTY DESCRIPTION

10

PRO PERT Y IMAGERY

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

PROPERTY DESCRIPTION

11

S I T E PL A N

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

E ARAPAHO RD

INTERNATIONAL PKWY PROPERTY DESCRIPTION

12

FLOOR

S I T E PL A N

2

FLOOR

FLOOR FLOOR FLOOR

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

1

3

Suite 300 Aprima Medical Software, Inc 24,384 SF MAR 2024

2

Suite 200 Aprima Medical Software, Inc 24,384 SF MAR 2024

1

Suite 100 Aprima Medical Software, Inc 6,232 SF MAR 2024

Vacant

2021

Suite 102 Xchangelabs, LLC 3,370 SF SEP 2023 2022

2023

2024

Suite 105 Available 3,252 SF

Suite 106 D&E Structures Consulting Engineers, LLP 4,073 SF SEP 2021

Suite 107 Available 1,324 SF

Suite 108 Synaptic Solar 6,133 SF MAY 2023

2025

PROPERTY DESCRIPTION

13

A E R I AL MA P

PD

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

27

7,0 0

0V

YALE ELEMENTARY SCHOOL

E ARAPAHO RD

32,191 VPD

APOLLO JUNIOR HIGH

PROPERTY DESCRIPTION

14

L E A SE COMPA RABLES

Property  1010 E Arapaho Rd

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

GLA

Yr Built/ Renovated Occupancy

Major Tenants

Available SF

Rental Rates

73,924

1985

95.6%

Aprima, Edward Jones

3,252

$15.50-$16.50 + E

1

1130 E Arapaho Rd Richardson, TX 75081

118,515

1985

58.4%

Globeranger, Ribbon Communications, United Benefits

49,325

$15.50 + E

2

1101 E Arapaho Rd Richardson, TX 75081

98,180

1979

66.9%

Intrusion, Netwatch Solutions

32,530

$15.00-$18.00 + E

3

1301 E Arapaho Rd Richardson, TX 75081

56,884

1987

49.8%

Amber Pharmacy, DFG Energy

28,556

$12.50 + UTIL

4

801 E Campbell Rd Richardson, TX 75081

151,345

1986

75.8%

Beltway Executive Suites, Piburn & Co, Premier IT Solutions

36,584

$19.00-$20.00 + E

5

1100 E Campbell Rd Richardson, TX 75081

65,234

1984

84.2%

American Heart Assc, OSHA, Chicago Title

10,302

$11.00-$13.00 + E

PROPERTY DESCRIPTION

15

L E A SE COMPA RABLES

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

1010 E Arapaho Rd 1

1130 E Arapaho Rd

2

1101 E Arapaho Rd

3

1301 E Arapaho Rd

4

801 E Campbell Rd

5

1100 E Campbell Rd

4 5

2

3

1

PROPERTY DESCRIPTION

16

LO C AL MA P

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

PROPERTY DESCRIPTION

17

REG IONA L MA P

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

PROPERTY DESCRIPTION

18

M A R KET S U MMARY

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

Dallas - Fort Worth, TX

OVERVIEW Dallas encompasses half of the Dallas-Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States.

Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas-Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates. From 2010 to 2019, the DFW Metroplex had the largest numerical population growth of any MSA in the United States.

The metropolitan economy is the fourth-largest and third-fastest growing in the United States, with a 2017 real GDP of $535.5 billion. In 2018, Dallas had both the highest job growth rate and the most jobs added in the nation, and is the fourth-largest employment center in the nation (behind New York

City, Los Angeles, and Chicago) with more than three million non-farm jobs. In the latest rankings released in 2018, Dallas was rated as a “beta plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Cooperation and Development. The DFW Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. As of 2020, the city of Dallas has 10 Fortune 500 companies, and the DFW region as a whole has 25.

Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations.

Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

Q U I C K S TAT S

No.

1

Fastest Growing MSA in the U.S. from 2010 to 2019 (U.S. Census Bureau)

4 5th 25

th

Largest Metropolitan Area in the United States Texas, Fastest Growing Economy in the U.S. (Forbes) Fortune 500 Companies Call DFW Home (American City Business Journals)

10K

Home to over 10,000 corporate headquarters, making it the largest concentration in the U.S.

PROPERTY DESCRIPTION

19

D E M OG RA PHIC STAT I ST I CS

1 0 1 0 E AR APAH O R D - R IC H AR D SO N, T X

1 Mile

3 Mile

5 Mile

9,943 9,222 7,076 7.82% 30.33% 2,800

132,827 125,289 114,293 6.02% 9.62% 25,566

400,980 373,651 327,229 7.31% 14.19% 110,007

6,293 1,117 123 1,454 11 224 3

82,455 15,908 918 22,770 102 3,136 14

246,198 60,718 3,493 54,116 437 8,688 47

3,714 3,436 2,597 8.09% 32.31% 1,912 1,525 $78,089 $64,005

51,066 48,224 44,480 5.89% 8.42% 29,773 18,452 $88,850 $69,554

151,430 141,335 125,327 7.14% 12.77% 68,760 72,575 $81,499 $58,129

432 739 838 440 529 153 222 83

6,746 9,914 9,313 7,204 5,476 2,791 3,595 3,184

27,682 33,913 24,822 16,834 12,378 7,412 8,992 9,302

Population: 2024 Projection 2019 Estimate 2010 Census Growth 2019-2024 Growth 2010-2019 2019 Population Hispanic Origin

2019 Population by Race: White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

Households: 2024 Projection 2019 Estimate 2010 Census Growth 2019 - 2024 Growth 2010 - 2019 Owner Occupied Renter Occupied 2019 Avg Household Income 2019 Med Household Income

2019 Households by Household Inc: <$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+ Demographic data © CoStar 2020

P R O P E R T Y D E S C R I P T I O N 20

CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.

• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose: ӽ that the owner will accept a price less than the written asking price; ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement.

• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Regulated by the Texas Real Estate Commission

Information available at www.trec.texas.gov IABS 1-0

exclusively listed 469.844.8880

STRIVERE.COM