Coit Crossing - Plano, TX

COIT CROSSING PLANO, TX (DALLAS MSA)

PRI CING & F INAN CI AL AN ALYSI S

CO IT C R O SSING - P LANO, T X

Coit Crossing 3825 W Spring Creek Pkwy Plano, TX 75023

OFFERING SUMMARY Price Cap Rate Net Operating Income

$9,000,000 7.01% $630,611

Price PSF

$221.25

Occupancy

100.0%

Year Built

2001

Gross Leasable Area

42,033 SF

Lot Size

4.56 Acres

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

2

I N VE S TMENT HI GHLI GHT S

CO IT C R O SSING - P LANO, T X

• Tremendous Trade Area with High Growth & Incomes: Coit Crossing is a true neighborhood center in this affluent section of the rapidly growing city of Plano. Nearby high-end subdivisions include Whiffletree and Forest Creek Estates.

• Stabilized Asset with Upside Opportunity: The Property is currently 100% occupied providing investors with a stable current cash flow with builtin rental increases while offering potential upside through bringing the rents up to market as leases expire over the next several years on a staggered basis.

• Below Market Rents: The average rental rate at Coit Crossing is only $15.00 psf while like-kind product in the immediate trade area is leasing from $21 to $40 psf.

• Exceptional Positioning with High Traffic Counts: Coit Crossing benefits from its position at the northeast corner of Coit Rd and West Spring Creek Pkwy, an intersection that sees over 79,000 vehicles per day with a Walmart directly across the street.

• Superb Demographics: The average household income within a 3-mile radius of the property is over $132,000, which is more than 2x the national average.

• Densely Populated: There are over 378,000 individuals in a 5-mile radius, that number has grown 29.25% since 2010 and is expected to increase an additional 12.83% by 2025.

PROPERTY DESCRIPTION

3

PRI CING & F INAN CI AL AN ALYSI S

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

100%

GROSS POTENTIAL RENT

CO IT C R O SSING - P LANO, T X

EXPENSES

CURRENT

PSF

$630,616

$15.00

Real Estate Taxes

$630,616

$15.00

Insurance

CURRENT

PSF

$136,595

$3.25

$8,942

$0.21

CAM

Expense Reimbursements $136,595

$3.25

Electric

$6,210

$0.15

$8,942

$0.21

Fire Alarm System

$2,770

$0.07

CAM Recoveries

$110,656

$2.63

Landscaping

$7,400

$0.18

Management Recoveries

$25,656

$0.61

Parking Lot Sweeping

$10,340

$0.25

Total Expense Reimbursements

$281,849

$6.71

Pest Control

$833

$0.02

EFFECTIVE GROSS REVENUE

$912,460

$21.71

Repair & Maintenance

$5,351

$0.13

Waste Management

$23,750

$0.57

$49,295

$1.17

Real Estate Tax Recoveries Insurance Recoveries

Operating Expenses $8,942

$0.21

Water Expense

Total Real Estate Taxes

$136,595

$3.25

Internet Service - CAM

$1,483

$0.04

Total CAM

$110,656

$2.63

Tax Protest Fee

$3,224

$0.08

$25,656

$0.61

Total Recoverable Expenses

$281,848

$6.71

$110,656

$2.63

Net Operating Income

$630,611

$15.00

$25,656

$0.61

$281,848

$6.71

Total Insurance

Management Fee

2.80%

Total CAM Management Fee Total Expenses

2.80%

For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

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

4

RE NT RO L L

Tenant

Madurai Thattu Kadai

CO IT C R O SSING - P LANO, T X

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

100

3,000

7.14%

09/17

11/20

$54,000

$4,500

$18.00

$20,116

$6.71

$74,116

8.12%

101-102

3,068

7.30%

04/11

10/21

$42,952

$3,579

$14.00

$20,572

$6.71

$63,524

6.96%

103

1,750

4.16%

11/19

02/25

$31,500

$2,625

$18.00

$11,734

$6.71

$43,234

4.74%

104 A

1,456

3.46%

04/11

10/21

$20,384

$1,699

$14.00

$9,763

$6.71

$30,147

3.30%

104 B-105

2,575

6.13%

10/18

09/28

$51,500

$4,292

$20.00

$17,266

$6.71

$68,766

7.54%

Bollywood Boutique

106 B

2,139

5.09%

02/16

05/23

$36,363

$3,030

$17.00

$14,343

$6.71

$50,706

5.56%

Domino's

106 A

2,000

4.76%

07/14

01/25

$31,000

$2,583

$15.50

$13,411

$6.71

$44,411

4.87%

Best Brains

108

1,452

3.45%

09/19

08/24

$24,684

$2,057

$17.00

$9,736

$6.71

$34,420

3.77%

Willow Foot Spa

109

1,050

2.50%

10/19

09/22

$17,850

$1,488

$17.00

$7,041

$6.71

$24,891

2.73%

Hindu Temple

110-112A

4,396

10.46%

06/17

08/23

$72,534

$6,045

$16.50

$29,477

$6.71

$102,011

11.18%

K-9 University

115

4,158

9.89%

12/15

11/20

$62,370

$5,198

$15.00

$27,881

$6.71

$90,251

9.89%

Minerva Banquet Hall

200

9,378

22.31%

08/15

02/26

$112,536

$9,378

$12.00

$62,883

$6.71

$175,419

19.22%

Texas King

209

5,611

13.35%

02/14

08/29

$72,943

$6,079

$13.00

$37,624

$6.71

$110,567

12.12%

Total Count/GLA

13

42,033

100%

Totals

$630,616

$52,551

$912,465

100%

Occupied

13

42,033

100%

Available

0

0

0.0%

$15.00

42,033

100%

Royal Sweets Omgelato Asha Salon & Boutique Trinity Cuisine

Total Avg Rent

$281,849

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

5

E S TI MATED REIMBUR SEMEN T R EVEN U E

Tenant

Madurai Thattu Kadai

Suite

SQ FT

% of SQFT

CO IT C R O SSING - P LANO, T X

Real Estate Taxes

Insurance

CAM

Management Fee

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

100

3,000

7.14%

$812

$3.25

$53

$0.21

$658

$2.63

$153

$0.61

$1,676

$6.71

101-102

3,068

7.30%

$831

$3.25

$54

$0.21

$673

$2.63

$156

$0.61

$1,714

$6.71

103

1,750

4.16%

$474

$3.25

$31

$0.21

$384

$2.63

$89

$0.61

$978

$6.71

104 A

1,456

3.46%

$394

$3.25

$26

$0.21

$319

$2.63

$74

$0.61

$814

$6.71

104 B-105

2,575

6.13%

$697

$3.25

$46

$0.21

$565

$2.63

$131

$0.61

$1,439

$6.71

Bollywood Boutique

106 B

2,139

5.09%

$579

$3.25

$38

$0.21

$469

$2.63

$109

$0.61

$1,195

$6.71

Domino's

106 A

2,000

4.76%

$542

$3.25

$35

$0.21

$439

$2.63

$102

$0.61

$1,118

$6.71

Best Brains

108

1,452

3.45%

$393

$3.25

$26

$0.21

$319

$2.63

$74

$0.61

$811

$6.71

Willow Foot Spa

109

1,050

2.50%

$284

$3.25

$19

$0.21

$230

$2.63

$53

$0.61

$587

$6.71

Hindu Temple

110-112A

4,396

10.46%

$1,190

$3.25

$78

$0.21

$964

$2.63

$224

$0.61

$2,456

$6.71

K-9 University

115

4,158

9.89%

$1,126

$3.25

$74

$0.21

$912

$2.63

$211

$0.61

$2,323

$6.71

Minerva Banquet Hall

200

9,378

22.31%

$2,540

$3.25

$166

$0.21

$2,057

$2.63

$477

$0.61

$5,240

$6.71

Texas King

209

5,611

13.35%

$1,520

$3.25

$99

$0.21

$1,231

$2.63

$285

$0.61

$3,135

$6.71

42,033

100%

$11,383

Royal Sweets Zip Code Asha Salon & Boutique Trinity Cuisine

Totals

$745

$9,221

$2,138

$23,487

PROPERTY DESCRIPTION

6

L E A SE PROVIS ION S

Tenant

Madurai Thattu Kadai

CO IT C R O SSING - P LANO, T X

Suite

SQ FT

Base Rental Increases

Renewal Options

User Restrictions & Exclusive Rights

Date

PSF

Options

Date

PSF

100

3,000

-

-

1x5

12/1/22

MKT

101-102

3,068

-

-

2x5

11/1/2021 11/1/2026

MKT MKT

103

1,750

12/1/2021 12/1/2022

20.00 21.00

1x5

3/1/25

MKT

104 A

1,456

-

-

2x5

11/1/2021 11/1/2026

MKT MKT

104 B-105

2,575

10/1/23

22.00

1 x 10

10/1/28

MKT

Bollywood Boutique

106 B

2,139

-

-

3x5

6/1/2023 6/1/2028 6/1/2033

MKT MKT MKT

Domino's

106 A

2,000

2/1/21

16.50

2x5

2/1/2025 2/1/2030

17.25 90% of MKT

Exclusive seller of take out and / or delivery pizza Exclusive tutoring center focusing on the subjects of reading, math, and writing for the benefit of students from kindegarten through eighth grade

Royal Sweets Omgelato Asha Salon & Boutique Trinity Cuisine

Sales Reporting

Exclusive tenant with the principle business of selling ice cream or gelato

Best Brains

108

1,452

9/1/21

18.00

1x5

9/1/24

MKT

Willow Foot Spa

109

1,050

-

-

1x3

10/1/22

MKT

Hindu Temple

110-112A

4,396

-

-

-

-

-

K-9 University

115

4,158

-

-

1x5

12/1/20

MKT

Exclusive tenant to provide dog training, grooming, daycare, and boarding

Minerva Banquet Hall

200

9,378

-

-

3x5

3/1/2026 3/1/2031 3/1/2036

MKT MKT MKT

Exclusive Banquet Hall

Texas King

209

5,611

9/1/24

14.00

1 x 15

9/1/29

MKT

Exclusive tenant with the principle business of a grocery store offering primarily Pakistani foods

Totals

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

7

TE NA NT INF ORMAT I ON

CO IT C R O SSING - P LANO, T X

DBA

Domino’s

Entity on Lease

DG’s Pizza Inc., a Texas Corporation

Corporate/Franchise

Franchise

Locations

17,000+

Public/Private

Public

Line of Business

Domino’s is an American multinational pizza restaurant chain founded in 1960. The corporation is headquartered at the Domino’s Farms Office Park in Ann Arbor, Michigan and incorporated in Delaware. In February 2018, the chain had sold more products out of all pizza sellers worldwide.

DBA

Best Brains Learning Center

Entity on Lease

R&R Little Champs Inc.

Corporate/Franchise

Franchise

Locations

50+

Public/Private

Private

Line of Business

Best Brains is an enrichment program designed to enhance your child’s overall academic development. Board-certified teachers work with your child on a weekly basis in a funfilled interactive learning environment. Our low student to teacher ratio ensures your child receives the attention he/she needs.

DBA

K-9 University

Entity on Lease

K-9 University, Inc.

Corporate/Franchise

Corporate

Locations

2

Public/Private

Private

Line of Business

For over 25 years, K-9 University has provided North Texas with highly regarded Dog Training Services, Boarding, Grooming, and Doggy Daycare from our two convenient locations in Garland and Plano. Our professional pet services are honed from our timeproven practices. We specialize in behavioral modification and obedience problems in addition to supplying your dog with individualized attention.

PROPERTY DESCRIPTION

8

S I T E PL A N

CO IT C R O SSING - P LANO, T X

100

101

103

104 104B 106B A

106A

108

109

110-112

115

200

209

Tenant

SQ FT

100

Indian Restaurant

3,000

101

Royal Sweets

3,068

Suite

103

Omgelato

1,750

Asha Salon & Boutique

1,456

104B

Trinity Cuisine

2,575

106B

Bollywood Boutique

2,139

106A

Domino’s

2,000

104A

108

Best Brains

1,452

109

Willow Foot Spa

1,050

110-112 Hindu Temple 115

4,396

K-9 University

4,158

200

Minerva Banquet Hall

9,378

209

Texas King

5,611

W SPRING CREEK PKWY

PROPERTY DESCRIPTION

9

A E R I AL MA P

CO IT C R O SSING - P LANO, T X

45,915 VPD

FEDEX OFFICE HEADQUARTERS

CAPITAL ONE PEPSICO

THE SHOPS AT LEGACY DR PEPPER SNAPPLE GROUP

HAUN ELEMENTARY SCHOOL

COIT RD

JCPENNY HEADQUARTERS

JASPER HIGH SCHOOL

W SPRING CREEK PKWY

33 ,7 1 8V PD

PROPERTY DESCRIPTION

10

A E R I AL MA P

CO IT C R O SSING - P LANO, T X

COIT RD

PROPERTY DESCRIPTION

11

L E A SE COMPA RABLES

Property

CO IT C R O SSING - P LANO, T X

GLA

Yr Built/ Renovated Occupancy

Major Tenants

Available SF

Rental Rates

NNN

Coit Crossing ï‚« 3825 W Spring Creek Pkwy Plano, TX

42,033

2001

100.0%

Domino's, Minerva Banquet Hall, Texas King, K-9 University

0

$12.00 - $20.00

$6.71

Independence Park 1 3020 Legacy Dr Plano, TX

31,950

1994

88.0%

Pizza Hut, Sigel's, Millstone Bakery, Salsa Tex Mex

3,840

$21.00 - $30.00

$5.52

Plano Crossing Building 2 2 8900 Ohio Dr Plano, TX

11,866

2016

100.0%

Onyx Nail Lounge, Academy Fitness of Texas, Del Pietro's Italian Bistro

0

$24.72 - $29.50

$8.46

Parkwood 121 3 8448 Parkwood Blvd Plano, TX

16,100

2017

100.0%

Benedict's, Bellagio Nail Bar, The Halal Guys, Teriyaki Madness

0

$35.00 - $40.00

$15.36

Preston Creek Shopping Center 4 8400 Preston Rd Plano, TX

79,730

2006

98.0%

Pei Wei, Modmarket, Cowboy Chicken, II Brothers, Cristina's

1,620

$15.00 - $40.00

$12.81

Preston Parkway Center 5 1401 Preston Rd Plano, TX

36,274

1994

100.0%

Einstein's, Zorba's, Ben & Jerry's, Kumon, Dogtopia, Oceanic Thai Kitchen

0

$15.00 - $28.00

$13.22

PROPERTY DESCRIPTION

12

L E A SE COMPA RABLES

CO IT C R O SSING - P LANO, T X

Coit Crossing 1

Independence Park

2

Plano Crossing Building 2

3

Parkwood 121

4

Preston Creek SC

5

Preston Parkway Center

2 3

4

1

5

PROPERTY DESCRIPTION

13

LO C AL MA P

CO IT C R O SSING - P LANO, T X

PROPERTY DESCRIPTION

14

REG IONA L MA P

CO IT C R O SSING - P LANO, T X

PROPERTY DESCRIPTION

15

M A R KET S U MMARY

CO IT C R O SSING - P LANO, 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 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

16

D E M OG RA PHIC STAT I ST I CS

CO IT C R O SSING - P LANO, T X

1 Mile

3 Mile

5 Mile

2025 Projection

16,181

150,389

427,540

2020 Estimate

14,743

136,530

378,931

2010 Census

14,572

131,163

293,182

Growth 2020-2025

9.75%

10.15%

12.83%

Growth 2010-2020

1.17%

4.09%

29.25%

2020 Population Hispanic Origin

1,259

12,751

50,261

White

9,850

86,100

245,517

Black

1,010

8,992

36,013

79

621

1,852

3,406

37,075

84,830

11

93

334

388

3,649

10,384

0

52

228

6,302

57,534

168,520

2020 Estimate

5,757

52,330

149,842

2010 Census

5,733

50,372

118,115

Growth 2020 - 2025

9.47%

9.94%

12.47%

Growth 2010 - 2020

0.42%

3.89%

26.86%

Owner Occupied

4,074

35,011

77,685

Population:

2020 Population by Race:

Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

Households: 2025 Projection

1,684

17,319

72,157

2020 Avg Household Income

Renter Occupied

$125,532

$132,997

$118,468

2020 Med Household Income

$105,999

$109,348

$90,941

2020 Households by Household Inc: <$25,000

256

3,977

16,787

$25,000 - $50,000

596

5,849

22,850

$50,000 - $75,000

993

7,561

24,023

$75,000 - $100,000

813

6,087

17,657

$100,000 - $125,000

923

7,195

17,027

$125,000 - $150,000

669

5,077

12,023

$150,000 - $200,000

752

7,144

16,076

$200,000+

757

9,439

23,395

Demographic data © CoStar 2020

PROPERTY DESCRIPTION

17

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&#x20AC;&#x2122;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

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