Alta Mesa Shopping Center - Fort Worth, TX by STRIVE

ALTA MESA SHOPPING CENTER FORT WORTH, TX

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PRICING & FINANCIAL ANALYSIS

ALTA M E SA SH O P P ING C E NT E R

Alta Mesa Shopping Center 3401 Altamesa Blvd Fort Worth, TX 76133

OFFERING SUMMARY Net Operating Income Occupancy Year Built

$126,804 46.9% 1985

Gross Leasable Area

59,396 SF

Lot Size

5.42 Acres

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

PRICING & FINANCIAL ANALYSIS

ALTA M E SA SH O P P ING C E NT E R

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

CURRENT 100%

PSF

EXPENSES

CURRENT

PSF

$80,762

$1.36

$8,162

$0.14

$226,942

$3.82

Real Estate Taxes

$226,942

$3.82

Insurance

$23,261

$0.39

Contract Services

$24,605

$0.41

$4,216

$0.07

Repairs & Maintenance

$17,600

$0.30

$3,099

$0.05

Other

$5,520

$0.09

Real Estate Tax Recoveries

$30,666

$0.52

Utilities

$13,200

$0.22

Total Expense Reimbursements

$61,242

$1.03

Total CAM

$60,925

$1.03

$288,180

$4.85

Management Fee

$11,527

$0.19

$161,376

$2.72

GROSS POTENTIAL RENT Expense Reimbursements

CAM

CAM Recoveries Management Fee Recoveries Insurance Recoveries

EFFECTIVE GROSS REVENUE

Total Expenses

Operating Expenses Total CAM Management Fee Total Insurance Total Real Estate Taxes Total Recoverable Expenses Net Operating Income

4.00%

$60,925

$1.03

$11,527

$0.19

$8,162

$0.14

$80,762

$1.36

$161,376

$2.72

$126,804

$2.13

4.00%

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

RE NT RO L L

Tenant

ALTA M E SA SH O P P ING C E NT E R

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Glamour Nails

104

1,119

1.88%

10/02

06/21

$15,666

$1,306

$14.00

$3,040

$2.72

$18,706

6.49%

Joy Spa

116

1,523

2.56%

03/17

07/22

$18,276

$1,523

$12.00

$4,138

$2.72

$22,414

7.77%

Acceptance Insurance

118

830

1.40%

09/05

10/19

$13,297

$1,108

$16.02

$2,222

$2.68

$15,518

5.38%

LTZ Barber & Braids

126

1,538

2.59%

10/17

03/23

$15,380

$1,282

$10.00

$4,179

$2.72

$19,559

6.78%

Showtime Dental

128

3,184

5.36%

10/09

08/28

$36,616

$3,051

$11.50

$8,651

$2.72

$45,267

15.69%

Valentino's Salon Suites

134

7,462

12.56%

07/10

06/20

$41,041

$3,420

$5.50

$20,514

$2.75

$61,555

21.34%

Liberty Tax Service

143

1,061

1.79%

05/05

05/20

$12,201

$1,017

$11.50

$2,883

$2.72

$15,084

5.23%

Austin Driving School

148

1,792

3.02%

10/11

10/19

$16,128

$1,344

$9.00

$4,869

$2.72

$20,997

7.28%

Bamboo Asian

150

5,306

8.93%

02/08

01/20

$36,000

$3,000

$6.78

$0.00

$36,000

12.48%

New Beginnings Christian Academy

156

1,391

2.34%

10/16

12/19

$9,737

$811

$7.00

$3,779

$2.72

$13,516

4.69%

Las Michoacanas

159

2,653

4.47%

12/12

MTM

$12,600

$1,050

$4.75

$7,208

$2.72

$19,808

6.87%

Available

102

3,432

5.78%

$0.00

0.00%

Available

110

8,800

14.82%

$0.00

0.00%

Available

120

4,381

7.38%

$0.00

0.00%

Available

122

2,470

4.16%

$0.00

0.00%

Available

124

1,757

2.96%

$0.00

0.00%

Available

132

4,777

8.04%

$0.00

0.00%

Available

158

1,420

2.39%

$0.00

0.00%

Available

166

4,500

7.58%

$0.00

0.00%

Total Count/GLA

59,396

100%

$226,942

$18,912

$288,424

100.00%

Occupied

27,859

46.9%

Available

31,537

53.1%

$8.15

27,859

100.0%

Total Avg Rent

$61,482

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

ESTIMATED REIMBURSEMENT REVENUE Tenant

Suite

SQ FT

ALTA M E SA SH O P P ING C E NT E R

% of SQFT

CAM

Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Glamour Nails

104

1,119

1.88%

$96

$1.03

$18

$0.19

$13

$0.14

$127

$1.36

$253

$2.72

Joy Spa

116

1,523

2.56%

$130

$1.03

$25

$0.19

$17

$0.14

$173

$1.36

$345

$2.72

Acceptance Insurance

118

830

1.40%

$82

$1.18

$0.00

$10

$0.14

$94

$1.36

$185

$2.68

LTZ Barber & Braids

126

1,538

2.59%

$131

$1.03

$25

$0.19

$18

$0.14

$174

$1.36

$348

$2.72

Showtime Dental

128

3,184

5.36%

$272

$1.03

$51

$0.19

$36

$0.14

$361

$1.36

$721

$2.72

Valentino's Salon Suites

134

7,462

12.56%

$638

$1.03

$121

$0.19

$85

$0.14

$846

$1.36

$1,709

$2.75

Liberty Tax Service

143

1,061

1.79%

$91

$1.03

$17

$0.19

$12

$0.14

$120

$1.36

$240

$2.72

Austin Driving School

148

1,792

3.02%

$153

$1.03

$29

$0.19

$21

$0.14

$203

$1.36

$406

$2.72

Bamboo Asian

150

5,306

8.93%

$0.00

New Beginnings Christian Academy

156

1,391

2.34%

$119

$1.03

$22

$0.19

$16

$0.14

$158

$1.36

$315

$2.72

Las Michoacanas

159

2,653

4.47%

$227

$1.03

$43

$0.19

$30

$0.14

$301

$1.36

$601

$2.72

Available

102

3,432

5.78%

$0.00

Available

110

8,800

14.82%

$0.00

Available

120

4,381

7.38%

$0.00

Available

122

2,470

4.16%

$0.00

Available

124

1,757

2.96%

$0.00

Available

132

4,777

8.04%

$0.00

Available

158

1,420

2.39%

$0.00

Available

166

4,500

7.58%

$0.00

59,396

100%

$1,938

TOTALS

$351

$258

$2,555

$5,123

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

LEASE PROVISIONS

Tenant

Suite

ALTA M E SA SH O P P ING C E NT E R

SQ FT

Base Rental Increases

Renewal Options

Date

PSF

Options

Date

PSF

User Restrictions & Exclusive Rights

Termination Rights

Sales Reporting

Glamour Nails

104

1,119

Joy Spa

116

1,523

5/1/2019 5/1/2020

$13.00 $14.00

1x5

8/1/2022

FMV

Yes

Acceptance Insurance

118

830

Exclusive use to sell property & casualty insurance

LTZ Barber & Braids

126

1,538

4/1/2019 4/1/2020 4/1/2021

$11.00 $12.00 $13.00

1x5

4/1/2023

FMV

Yes

Showtime Dental

128

3,184

7/1/2019 7/1/2020 7/1/2021 7/1/2022 7/1/2023 7/1/2024 7/1/2025 7/1/2026 7/1/2027 7/1/2028

$11.67 $11.85 $12.03 $12.21 $12.39 $12.57 $12.76 $12.95 $13.15 $13.35

2x5

9/1/2028 9/1/2033

FMV FMV

Exclusive use to provide general dentistry

Yes, only due to tenants death or disability

Valentino's Salon Suites

134

7,462

Liberty Tax Service

143

1,061

Exclusive use as a tax preperation business

Austin Driving School

148

1,792

11/1/2018

$10.00

Bamboo Asian

150

5,306

New Beginnings Christian Academy

156

1,391

10/1/2018

$8.00

Las Michoacanas

159

2,653

Available

102

3,432

Available

110

8,800

Available

120

4,381

Available

122

2,470

Available

124

1,757

Available

132

4,777

Available

158

1,420

Available

166

4,500

TOTAL

59,396

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

TE NA NT INF ORMAT I ON

ALTA M E SA SH O P P ING C E NT E R

Entity on Lease

Austin Driving School

Corporate/Franchise

Corporate

Locations

18 locations across Texas

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Austin Driving School first opened its doors in 1977 on the notorious sixth street in downtown Austin. Austin Driving School has served Central Texas for 40+ years. With over 18 locations spanning Central Texas, Austin Driving School has consistently remained the largest driving school in Texas.

Entity on Lease

Liberty Tax Service

Locations

Over 4,000 offices in the U.S. and Canada

Credit Rating

Not Rated

Public/Private

NASDAQ: TAX

Line of Business

Liberty Tax Service is an American company specializing in the preparation of tax returns for individuals and small businesses. It is the third largest tax preparation franchise in the United States. The company began in Canada in 1997 when John Hewitt, co-founder of Jackson Hewitt, acquired a Canadian tax franchisor, U&R Tax Depot. In 1998, the company became Liberty Tax Service and opened five offices in the United States.

Entity on Lease

Acceptance Insurance Agency of Texas, Inc.

Locations

Over 350 locations

Credit Rating

Not Rated

Public/Private

OTCQX: FACO

Line of Business

Acceptance Insurance is a leading provider of personal automobile insurance and other related products. Headquartered in Nashville, Tennessee, Acceptance markets its services through the Acceptance Insurance, Yale Insurance, and Insurance Plus brands. The company operates over 350 retail locations in 12 states.

PROPERTY DESCRIPTION

TE NA NT INF ORMAT I ON

ALTA M E SA SH O P P ING C E NT E R

Entity on Lease

Showtime Dental PLLC

Locations

1 Location

Credit Rating

Not Rated

Public/Private

Private

Line of Business

At Showtime Family Dental, we believe that no one should suffer from an imperfect smile. Feeling self-conscious when you speak or laugh can interfere with your social life, your work life and your overall sense of well-being. Our highly experienced staff of dentists, hygienists and dental technicians are passionate about their patients and it shows in their work.

Entity on Lease

New Beginnings Christian Academy, LLC

Locations

3 Locations

Credit Rating

Not Rated

Public/Private

Private

Line of Business

New Beginnings Christian Academy is an accredited secondary school that offers high school diplomas, GEDs and college prep courses. New Beginnings Christian Academy has three campus in the Dallas-Fort Worth area and also offers online courses so students can achieve their dreams of earning an accredited high school diploma. NBCA is 100 percent committed in raising the level of educational excellence.

PROPERTY DESCRIPTION

I N VE S TMENT HI GHLI GHT S

ALTA M E SA SH O P P ING C E NT E R

• The property is only 46 percent occupied, leaving enormous room for upside through lease up of the vacant space. An investor could conceivably double the income to the property. • The average rental rate in the Alta Mesa Shopping Center is only $8.15 PSF. The properties in the immediate area, including those at this intersection are yielding base rental rates of $18-$22 PSF. This fact would portend to an increase in NOI through increasing the base rental rates. • Although in the auction environment, we do not know at what price this property will sell, we suspect it will be well below replacement cost. • 34% of the occupied spaces have tenants with lease structures that include base rent increases in the base term. This virtually guarantees an increase in the income stream without any additional leasing. Some leases have increases every year. • Jack in the Box, 7-11 and Discount Tire are all major traffic generators to the property. • The growth in the immediate area was 8.83% over the last 8 years and is expected to be another 7.25% over the next 5 years. • The submarket is very dense with 21,340 people in a 1 mile radius and 149,355 in a 3 mile radius. And in a 5 mile radius the population balloons out to 277,862 people.

PROPERTY DESCRIPTION

Joy Spa

Glamour Nails

Valentino’s Salon

Acceptance Insurance

104

118

AVAILABLE 8,916 SF

AVAILABLE 3,853 SF

122 AVAIL - 2,470 SF 124 AVAIL - 1,757 SF 126 LT’Z Barbershop 128 Showtime Dental 132 AVAILABLE 4,777 SF

116 120

108

100

M cC ar tA ve

S I T E PL A N ALTA M E SA SH O P P ING C E NT E R

Altamesa Blvd

AVAILABLE 4,500 SF 166

LA NUEVA

164 159 AVAIL 1,420 SF 158 New Beginnings156 150 Bamboo Garden Austin Driving 148 School Liberty Tax 143

134

PROPERTY DESCRIPTION

A E R I AL MA P

ALTA M E SA SH O P P ING C E NT E R

SOUTHWEST HIGH SCHOOL

ALTAME

SA BLVD

MCCART AVE

WOODWAY ELEMENTARY SCHOOL

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

Property Alta Mesa Village ï‚« 3401 Altamesa Blvd. Fort Worth, TX

ALTA M E SA SH O P P ING C E NT E R

GLA 59,396

Yr Built/ Renovated Occupancy 1985

Major Tenants

Available SF

Rental Rates

NNN

46.9%

Las Michoacanas, Showtime Dental, New Beginnings Christian Academy, Bamboo Asain, Acceptance Insurance

31,537

$5.00 - $16.00

$2.72

3,326

$7.00 - $20.00

$3.57

Woodmont Plaza 1 6401 & 6435 McCart Ave Fort Worth, TX

86,816

1980 / 2015

96.2%

Big Lots, Cricket, Pet Supplies Plus, Firestone, Pizza Hut, Bella Salon, Cook Children's, Abram Dental

Alta Mesa Plaza 2 3510 Altamesa Blvd. Fort Worth, TX

167,961

1980 / 2005

97.9%

Kroger, Lifetime Fitness, Cit Trends, First Cash, T-Mobile, Sally Beauty, Jackson Hewitt

3,600

$9.00 - $18.00

$3.75

Sycamore Village 3 3525 Sycamore School Rd. Fort Worth, TX

89,000

1987

92.3%

Albertson's, GNC, Metro PCS, UPS Store, H&R Block, Cricket, Advance America, Park Cleaners

6,814

$12.00 - $18.00

$8.82

Woodmont Plaza North 4 6200 McCart Ave. Fort Worth, TX

42,004

1982

82.8%

Verizon, Schlotzsky's Deli, Boost Mobile, H&R Block, Cousin's BBQ, Little Caesars, Supercuts, La Familia Insurance

7,210

$12.00-$16.00

$4.09

Sycamore Square 5 7440 McCart Ave. Fort Worth, TX

65,885

1999

84.8%

Aldi, Dollar Tree, DD's Discounts, WingStop, Sharp's Cleaners

10,000

$9.00-$22.00

$5.56

McCart Village 6 7628 McCart Ave. Fort Worth, TX

32,928

2005

100.0%

Chase Bank, Domino's, Daisy Nails Great Clips, FW Police Department

$12.00 - $19.00

$4.50

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

ALTA M E SA SH O P P ING C E NT E R

Alta Mesa Shopping Center 1

Woodmont Plaza

Alta Mesa Plaza

Sycamore Village

Woodmont Plaza North

Sycamore Square

McCart Village

5 3 6

PROPERTY DESCRIPTION

REG IONA L MA P

ALTA M E SA SH O P P ING C E NT E R

Alta Mesa

PROPERTY DESCRIPTION

LO C AL MA P

ALTA M E SA SH O P P ING C E NT E R

Alta Mesa

PROPERTY DESCRIPTION

M A R KET S U MMARY

ALTA M E SA SH O P P ING C E NT E R

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 6,810,913 people as of July 1, 2013. The metropolitan economy is the sixth largest in the United States, with a 2012 real GDP of $420.34 billion. In 2013 the metropolitan area led the nation with the largest year-over-year increase in employment, and advanced to become 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 2013, 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 Co-operation and Development. The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has 12 Fortune 500 companies, and the DFW region as a whole has 22. 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

2 3rd 4th 22

Texas, Fastest Growing Economy in the U.S. (24/7 Wall St.) Fastest Growing Cities in the U.S. (Forbes) Largest Metropolitan Area in the United States Fortune 500 Companies Call DFW Home (Fortune)

10K

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

PROPERTY DESCRIPTION

D E M OG RA PHIC STAT I ST I CS

ALTA M E SA SH O P P ING C E NT E R

1 Mile

3 Mile

5 Mile

21,340 19,897 18,283 7.25% 8.83% 7,375

149,355 139,021 126,289 7.43% 10.08% 48,250

277,862 258,149 230,182 7.64% 12.15% 91,691

12,983 5,481 239 746 17 431 0

92,216 36,139 1,241 6,086 184 3,155 201

181,496 57,384 2,358 11,135 334 5,442 259

7,885 7,368 6,835 7.02% 7.80% 4,359 3,010 $60,393 $49,417

53,581 49,964 45,702 7.24% 9.33% 30,932 19,033 $71,416 $56,784

99,903 92,916 83,478 7.52% 11.31% 53,556 39,360 $77,347 $56,676

1,712 2,021 1,729 933 350 287 192 144

9,493 11,998 10,921 7,000 4,310 2,345 2,344 1,554

18,238 22,422 18,850 11,433 7,998 4,236 4,220 5,521

Population: 2023 Projection 2018 Estimate 2010 Census Growth 2018-2023 Growth 2010-2018 2018 Population Hispanic Origin

2018 Population by Race: White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

Households: 2023 Projection 2018 Estimate 2010 Census Growth 2018 - 2023 Growth 2010 - 2018 Owner Occupied Renter Occupied 2018 Avg Household Income 2018 Med Household Income

2018 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 Â© CoStar 2018

PROPERTY DESCRIPTION

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 tenantâ€™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: ӽӽ that the owner will accept a price less than the written asking price; ӽӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽӽ 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

STRIVE

Published on Aug 28, 2018

Alta Mesa Shopping Center - Fort Worth, TX

Published on Aug 28, 2018

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