Greenville Commons - Greenville, TX by STRIVE

GREENVILLE COMMONS GREENVILLE, TX (DFW MSA)

PRI C I N G & FI N A NC IA L ANALYS IS

G R E E NV ILLE CO M M O NS

Greenville Commons Shopping Center 7215 IH-30 Greenville, TX 75402

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

$5,980,000 7.79% $466,132 $182.14 95.6% 2004/2017 32,831 SF 4.675 Acres

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

PRI C I N G & FI N A NC IA L ANALYS IS

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

G R E E NV ILLE CO M M O NS

CURRENT 100%

GROSS POTENTIAL RENT

PSF

EXPENSES

CURRENT

PSF

$443,923

$13.52

Real Estate Taxes

$95,915

$2.89

$443,923

$13.52

Insurance

$11,942

$0.36

Expense Reimbursements

Common Area Maintenance

CAM Recoveries

$72,084

$2.20

Landscaping

$10,717

$0.33

$0.00

Sweeping

$3,009

$0.09

Insurance Recoveries

$12,094

$0.37

Association Fees

$3,015

$0.09

Real Estate Tax Recoveries

$97,140

$2.96

Maintenance & Labor

$3,820

$0.12

Total Expense Reimbursements

$181,319

$5.52

Roof Repairs

$307

$0.01

$31,680

$0.96

Lighting

$9,434

$0.29

$31,680

$0.96

P/L Light Repairs

$75

$0.00

$656,920

$20.01

Utilities

$32,468

$0.99

$379

$0.01

$63,224

$1.93

$19,708

$0.60

$190,788

$5.81

Management Fee Recoveries

Pylon Fees Total Other Revenue EFFECTIVE GROSS REVENUE Operating Expenses

Trash Removal

Total CAM

$63,224

$1.93

Total CAM

$19,708

$0.60

Management Fee

Total Insurance

$11,942

$0.36

Total Expenses

Total Real Estate Taxes

$95,915

$2.92

Total Recoverable Expenses

$190,788

$5.81

Net Operating Income

$466,132

$14.20

Management Fee

Capitalization Rate

3.00%

7.79%

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

RE NT RO L L

Tenant

G R E E NV ILLE CO M M O NS

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Subway

2,000

6.09%

07/07

10/22

$30,000

$2,500

$15.00

$11,000

$5.50

$41,000

6.56%

Dentist

2,480

7.55%

11/09

05/22

$47,814

$3,985

$19.28

$13,878

$5.60

$61,692

9.87%

Available

1,440

4.39%

$0.00

0.00%

Covington Credit of TX

1,493

4.55%

11/14

10/19

$19,409

$1,617

$13.00

$8,355

$5.60

$27,764

4.44%

State Farm

1,240

3.78%

11/08

06/23

$19,344

$1,612

$15.60

$7,550

$6.09

$26,894

4.30%

LaVie Nail Salon

2,750

8.38%

12/15

06/21

$34,375

$2,865

$12.50

$15,124

$5.50

$49,499

7.92%

Papa Johns

1,493

4.55%

01/17

01/22

$19,991

$1,666

$13.39

$8,355

$5.60

$28,346

4.53%

Hardeman's Cellphone

1,240

3.78%

07/18

07/23

$16,120

$1,343

$13.00

$6,939

$5.60

$23,059

3.69%

Comfort Massage

1,500

4.57%

11/18

11/23

$21,000

$1,750

$14.00

$8,394

$5.60

$29,394

4.70%

Pending Tenant

2,660

8.10%

02/19

01/24

$34,580

$2,882

$13.00

$14,886

$5.60

$49,466

7.91%

Shogun of Paris

4,400

13.40%

02/12

08/22

$59,400

$4,950

$13.50

$26,791

$6.09

$86,191

13.79%

Davita

10,135

30.87%

11/17

11/27

$141,890

$11,824

$14.00

$60,046

$5.92

$201,936

32.30%

TOTAL COUNT / GLA

32,831

100%

Totals

$443,923

$36,994

$625,242

100.00%

OCCUPIED

31,391

95.6%

AVAILABLE

1,440

4.4%

$14.14

31,391

100.0%

Total Avg Rent / GLA

$181,319

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

ESTIMATED REIMBURSEMENT REVENUE

Tenant

Suite

SQ FT

G R E E NV ILLE CO M M O NS

% of SQFT

CAM

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Subway

2,000

6.09%

$369

$2.21

$61

$0.36

$487

$2.92

$917

$5.50

Dentist

2,480

7.55%

$478

$2.31

$75

$0.36

$604

$2.92

$1,157

$5.60

Available

1,440

4.39%

$0.00

Covington Credit of TX

1,493

4.55%

$288

$2.31

$45

$0.36

$363

$2.92

$696

$5.60

State Farm

1,240

3.78%

$239

$2.31

$43

$0.42

$347

$3.36

$629

$6.09

LaVie Nail Salon

2,750

8.38%

$508

$2.21

$83

$0.36

$670

$2.92

$1,260

$5.50

Papa Johns

1,493

4.55%

$288

$2.31

$45

$0.36

$363

$2.92

$696

$5.60

Hardeman's Cellphone

1,240

3.78%

$239

$2.31

$38

$0.36

$302

$2.92

$578

$5.60

Comfort Massage

1,500

4.57%

$289

$2.31

$45

$0.36

$365

$2.92

$700

$5.60

Pending Tenant

2,660

8.10%

$512

$2.31

$81

$0.36

$648

$2.92

$1,240

$5.60

Shogun of Paris

4,400

13.40%

$847

$2.31

$153

$0.42

$1,232

$3.36

$2,233

$6.09

Davita

10,135

30.87%

$1,952

$2.31

$338

$0.40

$2,714

$3.21

$5,004

$5.92

32,831

100%

$6,007

TOTALS

$1,008

$8,095

$15,110

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

L E A SE PROVIS ION S

Tenant

Suite

SQ FT

G R E E NV ILLE CO M M O NS

Base Rental Increases

Renewal Options

Date

PSF

Options

Date

PSF

User Restrictions & Exclusive Rights

Termination Rights

Sales Reporting

Subway

2,000

1x5

11/1/2022

$18.00

Exclusive Right to sell or servesas its primary business submarine sandwiches and LL will not lease to the following tenants: Blimpie's, Antone's, Schlotzky's, Quizno's, Murphy's Deli and Jason's Deli.

For good and valuable consideration, Landlord agrees to the following provision: In the event of a default by the Tenant, Landlord acknowledges an affirmative duty to mitigate damages and shall in no event accelerate rent due to the remainder of the term. Further, Landlord and Tenant agree that Tenant's liability upon default shall not exceed forty thousand dollars ($40,00.00) or the remainder due pursuant to this Lease, whichever is less.

Yes, at LL Request

Dentist

2,480

LL will not lease to another dental office in shopping center.

Available

1,440

Covington Credit of TX

1,493

1x5

11/1/2019 11/1/2020 11/1/2021 11/1/2022

$13.50 $13.75 $14.00 $14.25

State Farm

1,240

7/1/2019 7/1/2020 7/1/2021 7/1/2022

$15.76 $15.91 $16.07 $16.23

In the event of death or permanent disability (hereinafter defined) of Eddie Hall, and if, as a result of such death or permanent disability, Lessee discontinues the operation of its business, then Lessee, Lessee's representative, or Lessee's estate as the case may be shall have the option (the Special Termination Option) to terminate this Lease, subject to and in accordance with the following terms and conditions:

LaVie Nail Salon

2,750

7/1/2019 7/1/2020

$13.00 $13.50

1x5

7/1/2021 7/1/2023 7/1/2024 7/1/2025

$13.75 $14.00 $14.25 $14.50

TT has exclusive use. Should LL lease to another TT w/the same use, TT has right to reduce fixed annual rent to 50%, unless it is a rogue TT and LL is diiligently working to stop them.

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

L E A SE PROVIS ION S - CON T I N UED

Tenant

Suite

SQ FT

G R E E NV ILLE CO M M O NS

Base Rental Increases

Renewal Options

Date

PSF

Options

Date

PSF

User Restrictions & Exclusive Rights

Termination Rights

Sales Reporting

Papa Johns

1,493

2/1/2019 2/1/2020 2/1/2021

$13.79 $14.21 $14.63

1x5

2/1/2022 2/1/2023 2/1/2024 2/1/2022

$15.07 $15.52 $15.99 $16.47

Hardeman's Cellphone

1,240

6/1/2019 6/1/2020 6/1/2021 6/1/2022

$13.39 $13.79 $14.21 $14.63

1x5

8/1/2023 8/1/2024 8/1/2025 8/1/2026 8/1/2027

$15.07 $15.52 $15.99 $16.47 $16.96

Upon LL's written request, TT shall provide financial statements.

Comfort Massage

1,500

12/01/2019 12/01/2020 12/01/2021 12/01/2022

$14.42 $14.85 $15.29 $15.75

1x5

12/1/2023 12/1/2024 12/1/2025 12/1/2026 12/1/2027

$16.22 $16.71 $17.21 $17.72 $18.26

Pending Tenant

2,660

Shogun of Paris

4,400

Upon LL's written request, TT shall provide financial statements.

Davita

10,135 12/1/2023

$15.40

3x5

12/1/2027 12/1/2032 12/1/2037

$16.94 $18.63 $20.49

Right of First Option on Adjacent Premises

TOTAL

33,171

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

TE NA NT INF ORMAT I ON

G R E E NV ILLE CO M M O NS

DBA

Subway

Entity on Lease

Subway Real Estate Corp.

Corporate/Franchise

Franchise

Locations

44,800+ Worldwide

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Subway IP Inc. is a privately held American fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. It is owned and operated by Doctor’s Associates Inc., doing business as Subway IP Inc. Subway is one of the fastest growing franchises in the world, with 44,852 restaurants in 112 countries and territories as of September 11, 2016. The United States alone has 26,646 outlets. It is the largest single-brand restaurant chain and the largest restaurant operator in the world.

DBA

Papa Johns

Entity on Lease

PJ Fast Greenville LLC

Corporate/Franchise

Franchise

Locations

4,700+

Credit Rating

Not Rated

Public/Private

NASDAQ: PZZA

Line of Business

Papa John’s is the third largest take-out and pizza delivery chain in the United States. Papa John’s prides themselves on using fresh ingredients and neverfrozen pizza dough. Currently there are over 4,700 Papa John’s restaurants operating in all 50 U.S. states and in 30 other countries.

DBA

DaVita Healthcare Partners

Entity on Lease

ISD Renal, INC.

Corporate/Franchise

Corporate

Locations

2,700+

Credit Rating

Moody’s: Baa3

Public/Private

NASDAQ: DVA

Line of Business

DaVita Inc. is an American healthcare company. It is best known as one of the largest kidney care providers in the United States. The company provides a variety of services including in-center hemodialysis, in-center nocturnal dialysis, peritoneal dialysis, home hemodialysis, vascular access management, chronic kidney disease education, and renal diet assistance. DaVita holds subsidiaries under two divisions, DaVita Clinical Research and DaVita Kidney Care.

PROPERTY DESCRIPTION

I N VE S TMENT HI GHLI GHT S

G R E E NV ILLE CO M M O NS

• 95.6% Leased NNN Retail Center Shadow Anchored by Walmart Supercenter and Home Depot

• Center Features Below-Market Rents with Tenants Averaging Rents around $14.14/SF. Vacancy is Second-Generation Space Requiring Less TI

• Complimentary Mix of National, Regional and Local Tenants with Staggered Lease Expirations

• Tenant Mix Creates Synergy and Cross Shopping within The Center. Destination Tenants Like Family Dental Office and Covington Credit Promotes Cross Traffic Among Other Tenants

• High Growth Area - 15.85% Growth Within 1-Mile Radius Since 2010

• Surrounding National Retailers Include Walmart Supercenter, Home Depot, Lowe’s, Hobby Lobby, Tractor Supply Company, Walgreens, Academy Sports + Outdoors and Many More

PROPERTY DESCRIPTION

S I T E PL A N

G R E E NV ILLE CO M M O NS

12 SUITE

11 10 9 8 7 6 5 4

TENANT

GLA

Subway

2,000

Dentist

2,480

Available

1,440

Papa Johns

1,493

State Farm

1,240

LaVie Nail Salon

2,750

Covington Credit of TX

1,493

Hardeman's Cellphone

1,240

Comfort Massage

1,500

Pending Lease

2,660

Shogun of Paris

4,400

Davita

10,135

3 2 1

PROPERTY DESCRIPTION

A E R I AL MA P

G R E E NV ILLE CO M M O NS

WESLEY ST

GREENVILLE HIGH SCHOOL

21,199 VPD

V 91 4 , 36

40,28 1 VPD

BOWIE ELEMENTARY SCHOOL

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

Property

G R E E NV ILLE CO M M O NS

GLA

Yr Built/ Renovated Occupancy

Major Tenants

Available SF

Rental Rates

NNN

Greenville Commons ï&#x201A;« 7215 Interstate 30 Greenville, TX

32,831

2007

95.6%

Davita Dialysis, Subway, Papa John's, State Farm, Painting with a Twist, Comfort Massage, La Vie Nails

1,440

$11.50 - $19.28

$5.40

Greenville Retail 3110 Interstate 30 Greenville, TX

6,268

2017

100.0%

Sports Clips, Firehouse Subs, Charles Schwab, T-Mobile

$29.00 - $31.00

$6.03

Kari Beth Crossing 3110 Interstate 30 Greenville, TX

40,563

2007

100.0%

Chick-Fil-A, GameStop, Sprint, Chipotle, Smoothie King

$23.00 - $33.00

$10.00

Traders Crossing 8110 Wesley St. Greenville, TX

16,200

2007

100.0%

Petsense, Metro PCS, Liberty Tax Fred Loya Insurance, Mariner Finance

$17.00 - $22.00

$4.50

Greenville Square Shopping Center 6103 Wesley St Greenville, TX

13,800

1986

82.6%

Lseslies Pool Supplies, Dominos, Metro PCS

2,400

$18.00 - $20.00

$5.00

Greenville Corners 2715 Traders Rd Greenville, TX

12,900

1965

70.9%

Ace Cash Express, State Farm, Tobacco tore

3,750

$16.00 - $22.00

$7.00

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

G R E E NV ILLE CO M M O NS

Greenville Commons 1

Greenville Retail

Kari Beth Crossing

Traders Crossing

Greenville Square Shopping Center

Greenville Corners

1 2

PROPERTY DESCRIPTION

LO C AL MA P

G R E E NV ILLE CO M M O NS

PROPERTY DESCRIPTION

REG IONA L MA P

G R E E NV ILLE CO M M O NS

PROPERTY DESCRIPTION

M A R KET S U MMARY

G R E E NV ILLE CO M M O NS

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

G R E E NV ILLE CO M M O NS

1 MILE

3 MILE

5 MILE

4,332 4,005 3,457 8.16% 15.85% 446

21,541 20,117 18,583 7.08% 8.25% 3,724

33,706 31,506 29,267 6.98% 7.65% 7,231

3,469 333 26 89 7 81 0

16,509 2,543 228 371 55 411 0

25,412 4,509 380 475 70 659 0

1,775 1,640 1,426 8.23% 15.01% 902 738 $71,030 $58,285

8,428 7,867 7,319 7.13% 7.49% 4,322 3,545 $62,301 $48,817

12,698 11,865 11,107 7.02% 6.82% 6,889 4,975 $63,108 $48,529

409 324 323 207 81 78 213 5

2,107 1,905 1,630 775 453 426 498 74

3,254 2,804 2,521 1,153 575 704 640 215

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 (National Avg - $75,558) 2018 Med Household Income (National Avg - $53,889)

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+

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&#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: 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