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_________________________________________________________________ Austin, Texas www.askLRS.com [email protected] 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing for Linsalata Realty Services – Representing the Seller Joe Linsalata, Broker 512-327-5000 PLEASE DO NOT GO TO THE PROPERTY OR CONTACT THE PROPERTY REGARDING THE SALE WITHOUT OBTAINING PERMISSION FROM JOE LINSALATA. The Broker is submitting the information contained herein in its capacity as an agent and representative of the owner. The information was obtained from sources believed to be reliable; however, Linsalata Realty Services its Brokers, Agents and Employees make no representations, guarantees or warranties (express or implied) as to the accuracy of the information contained herein. All information submitted is subject to change without notice as relates to price, terms and or availability. The Broker has not conducted an environmental investigation of the property(s) and makes no representations regarding the environmental status of the property(s). The Broker STRONGLY encourages that an independent examination and an environmental examination be conducted, by the buyer and or representatives of the buyer, of any property purchased. Additionally, the Broker makes no representation as to the value of this possible investment; and the Broker urges the buyer to consult his/her business, tax, and legal advisors before making a final determination. As a condition of reviewing this information the Reader hereby represents, covenants and warrants it will not rely on any information supplied by Broker in deciding whether or not to make an offer to purchase or to purchase the property THIS PROPERTY IS BEING MARKETED WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN.

Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • [email protected] • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

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Page 1: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

_________________________________________________________________ Austin, Texas • www.askLRS.com [email protected] • 512-327-5000

Luling Self Storage 1402 N Magnolia Ave

Luling, TX 78648

Exclusive Listing for Linsalata Realty Services – Representing the Seller Joe Linsalata, Broker

512-327-5000

PLEASE DO NOT GO TO THE PROPERTY OR CONTACT THE PROPERTY REGARDING THE SALE WITHOUT OBTAINING PERMISSION FROM JOE LINSALATA.

The Broker is submitting the information contained herein in its capacity as an agent and representative of the owner. The information was obtained from sources believed to be reliable; however, Linsalata Realty Services its Brokers, Agents and Employees make no representations, guarantees or warranties (express or implied) as to the accuracy of the information contained herein. All information submitted is subject to change without notice as relates to price, terms and or availability. The Broker has not conducted an environmental investigation of the property(s) and makes no representations regarding the environmental status of the property(s). The Broker STRONGLY encourages that an independent examination and an environmental examination be conducted, by the buyer and or representatives of the buyer, of any property purchased. Additionally, the Broker makes no representation as to the value of this possible investment; and the Broker urges the buyer to consult his/her business, tax, and legal advisors before making a final determination. As a condition of reviewing this information the Reader hereby represents, covenants and warrants it will not rely on any information supplied by Broker in deciding whether or not to make an offer to purchase or to purchase the property THIS PROPERTY IS BEING MARKETED WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN.

Page 2: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

DISCLAIMER, RELEASE, INDEMNITY, AND CONFIDENTIALITY AGREEMENT

As material inducement and an essential condition to Linsalata Realty Services providing you the accompanying information and by use of the information you and your clients for yourselves and anyone holding or claiming by, through, or under you, agree to the following:

(1) The information contained herein or communicated to you verbally or otherwise by Linsalata RealtyServices or from any other source is provided as an accommodation to you and your client in order tofacilitate your examination of the property described herein. Linsalata Realty Services does not guaranteethe completeness or accuracy of the information contained herein or otherwise supplied to you andexpressly disclaims any duty, warranty, or representation, express or implied, related to this or any otherinformation or the property described herein. It is your responsibility to independently confirm the accuracyand completeness of this and any other information and determine the suitability and condition of theproperty.

(2) Linsalata Realty Services represents the Seller and shall have no duty to you or anyone claiming, bythrough, or under you to make any inspection or disclosure. You and your clients must perform whatevertests and investigations are necessary to determine the suitability and condition of the property. You andyour clients, for yourselves and anyone claiming or holding by, through, or under you, agree to release,indemnify, hold harmless, and defend Linsalata Realty Services and its representatives from any claim,liability, or loss which may occur directly or indirectly from any failure to disclose any information or youruse of this and any other information or the property whether or not such loss, cost, or damage may resultin whole or in part from any theory of strict liability or the negligence of Linsalata Realty Services or theirrepresentatives.

(3) You and your clients agree to hold all information concerning the property confidential and use it solelyin connection with your independent evaluation of the purchase of the property and not for any otherreason. If any information is used by you or anyone gaining information from you for any other purpose,then you, for yourself and anyone holding by, through, or under you, agree to indemnify Linsalata RealtyServices, the Seller, and their successors and assigns for any and all losses, costs, and damages whichresult directly or indirectly from such prohibited use, including without limitation legal costs, consequentialdamages, and lost profits.

(4) This information may not be duplicated or redistributed without the written consent of Linsalata RealtyServices. The original and copies, excerpts, summaries, or other information derived here from must byreturned upon request by Linsalata Realty Services.

IMPORTANT

EMPLOYEES, TENANTS AND OTHERS MAY NOT KNOW THIS PROPERTY IS FOR SALE.

PLEASE KEEP THIS INFORMATION CONFIDENTIAL!

PLEASE DO NOT GO TO THE PROPERTY OR CONTACT THE PROPERTY REGARDING THE SALE WITHOUT FIRST CALLING JOE LINSALATA AT (512) 327-5000.

LINSALATA REALTY SERVICES IS A LICENSED REAL ESTATE BROKERAGE IN THE STATE OF TEXAS, SPECIALIZING IN COMMERCIAL REAL ESTATE.

_________________________________________________________________ Austin, Texas • www.askLRS.com [email protected] • 512-327-5000

Page 3: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

_________________________________________________________________ Austin, Texas • www.askLRS.com [email protected] • 512-327-5000

Luling Self Storage 1402 N Magnolia Ave

Luling, TX 78648

Page 4: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

Luling Self Storage

1402 N Magnolia Ave Luling, TX 78648

Number of Units:

• 93 non-CC self-storage units • 16 covered boat/RV parking spaces • numerous open parking spaces

Land Area: +/- 6.55 acres Property Description:

• Four self-storage buildings of approximately 2000 SF each (2009-2015) • Covered RV and boat parking approximately 5760 SF (2009) • Office warehouse building (former livestock auction building) approximately

3200 SF (1940) • Open metal storage barn approximately 1800 SF (1940) • Keypad entry, automatic gate • Security fence • Solid metal construction • Gravel driveways and parking areas • Two oil wells that do not convey, an easement agreement will need to be

drafted. • Approximately 4 acres that could be used for construction of additional units

and/or parking Location: The property is located approximately 2.1 miles north of downtown of Luling, TX on US Highway 183, within the city limits and in Caldwell County. It enjoys excellent frontage on and access to US Highway 183. The property is located about 50 miles southeast of Austin, Texas and just a few miles from US Highway 90 and Interstate Highway 10. Occupancy: +/- 95% (self-storage and RV and boat parking) Financing: Possible Seller Financing with a substantial down payment and a 5

year balloon.

Page 5: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

Covered parking

Storage Units

Old office/auction barn

Storage barn

Page 6: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

_________________________________________________________________ Austin, Texas • www.askLRS.com [email protected] • 512-327-5000

Luling Self Storage 1402 N Magnolia Ave

Luling, TX 78648

Page 7: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

_________________________________________________________________ Austin, Texas • www.askLRS.com [email protected] • 512-327-5000

Luling Self Storage 1402 N Magnolia Ave

Luling, TX 78648

Page 8: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

_________________________________________________________________ Austin, Texas • www.askLRS.com [email protected] • 512-327-5000

Luling Self Storage 1402 N Magnolia Ave

Luling, TX 78648

Page 9: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

Luling, Texas

Page 10: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

-0%0 SF

---Land

Rent/SF/Yr:% Leased:

Total Available:

Typical Floor:RBA:

Class:Building Type:

Radius 1 Mile 2 Mile 3 MilePopulation

2025 Projection 832 5,463 7,2292020 Estimate 761 5,013 6,6302010 Census 660 4,463 5,873

Growth 2020 - 2025 9.33% 8.98% 9.03%Growth 2010 - 2020 15.30% 12.32% 12.89%

2020 Population by Age 761 5,013 6,630Age 0 - 4 57 7.49% 353 7.04% 451 6.80%Age 5 - 9 58 7.62% 356 7.10% 452 6.82%Age 10 - 14 60 7.88% 378 7.54% 482 7.27%Age 15 - 19 63 8.28% 409 8.16% 527 7.95%Age 20 - 24 56 7.36% 366 7.30% 467 7.04%Age 25 - 29 51 6.70% 323 6.44% 410 6.18%Age 30 - 34 54 7.10% 338 6.74% 430 6.49%Age 35 - 39 52 6.83% 324 6.46% 419 6.32%Age 40 - 44 46 6.04% 285 5.69% 375 5.66%Age 45 - 49 46 6.04% 290 5.78% 389 5.87%Age 50 - 54 41 5.39% 274 5.47% 372 5.61%Age 55 - 59 37 4.86% 274 5.47% 378 5.70%Age 60 - 64 35 4.60% 263 5.25% 366 5.52%Age 65 - 69 31 4.07% 226 4.51% 319 4.81%Age 70 - 74 24 3.15% 184 3.67% 263 3.97%Age 75 - 79 18 2.37% 141 2.81% 203 3.06%Age 80 - 84 14 1.84% 105 2.09% 152 2.29%Age 85+ 19 2.50% 123 2.45% 175 2.64%

Age 65+ 106 13.93% 779 15.54% 1,112 16.77%

Median Age 33.30 34.70 36.10Average Age 35.60 36.90 37.90

Demographic Detail Report

1219 N Magnolia St, Luling, TX 78648

Linsalata Realty ServicesCopyrighted report licensed to Linsalata Realty Services - 78479.

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Demographic Detail Report

1219 N Magnolia St, Luling, TX 78648Radius 1 Mile 2 Mile 3 Mile

2020 Population By Race 761 5,013 6,630White 600 78.84% 4,361 86.99% 5,838 88.05%Black 127 16.69% 463 9.24% 538 8.11%Am. Indian & Alaskan 8 1.05% 51 1.02% 72 1.09%Asian 6 0.79% 32 0.64% 42 0.63%Hawaiian & Pacific Island 3 0.39% 5 0.10% 5 0.08%Other 17 2.23% 101 2.01% 135 2.04%

Population by Hispanic Origin 761 5,013 6,630Non-Hispanic Origin 313 41.13% 1,997 39.84% 2,844 42.90%Hispanic Origin 448 58.87% 3,016 60.16% 3,786 57.10%

2020 Median Age, Male 33.30 33.60 34.902020 Average Age, Male 34.80 35.70 36.60

2020 Median Age, Female 33.50 35.80 37.402020 Average Age, Female 36.30 37.90 39.00

2020 Population by OccupationClassification

574 3,842 5,136

Civilian Employed 297 51.74% 1,976 51.43% 2,652 51.64%Civilian Unemployed 7 1.22% 41 1.07% 57 1.11%Civilian Non-Labor Force 270 47.04% 1,825 47.50% 2,427 47.25%Armed Forces 0 0.00% 0 0.00% 0 0.00%

Households by Marital StatusMarried 114 792 1,094Married No Children 55 443 635Married w/Children 59 349 459

2020 Population by Education 487 3,254 4,403Some High School, No Diploma 126 25.87% 917 28.18% 1,141 25.91%High School Grad (Incl Equivalency) 154 31.62% 875 26.89% 1,217 27.64%Some College, No Degree 107 21.97% 688 21.14% 1,000 22.71%Associate Degree 20 4.11% 103 3.17% 153 3.47%Bachelor Degree 75 15.40% 571 17.55% 738 16.76%Advanced Degree 5 1.03% 100 3.07% 154 3.50%

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Demographic Detail Report

1219 N Magnolia St, Luling, TX 78648Radius 1 Mile 2 Mile 3 Mile

2020 Population by Occupation 511 3,633 4,879Real Estate & Finance 10 1.96% 115 3.17% 154 3.16%Professional & Management 57 11.15% 386 10.62% 549 11.25%Public Administration 2 0.39% 62 1.71% 120 2.46%Education & Health 150 29.35% 548 15.08% 631 12.93%Services 127 24.85% 678 18.66% 866 17.75%Information 0 0.00% 2 0.06% 5 0.10%Sales 4 0.78% 239 6.58% 424 8.69%Transportation 0 0.00% 0 0.00% 0 0.00%Retail 1 0.20% 247 6.80% 329 6.74%Wholesale 12 2.35% 46 1.27% 79 1.62%Manufacturing 2 0.39% 249 6.85% 317 6.50%Production 35 6.85% 396 10.90% 486 9.96%Construction 75 14.68% 286 7.87% 351 7.19%Utilities 0 0.00% 43 1.18% 68 1.39%Agriculture & Mining 2 0.39% 228 6.28% 354 7.26%Farming, Fishing, Forestry 0 0.00% 0 0.00% 1 0.02%Other Services 34 6.65% 108 2.97% 145 2.97%

2020 Worker Travel Time to Job 297 1,975 2,649<30 Minutes 167 56.23% 1,147 58.08% 1,585 59.83%30-60 Minutes 45 15.15% 465 23.54% 587 22.16%60+ Minutes 85 28.62% 363 18.38% 477 18.01%

2010 Households by HH Size 210 1,521 2,0661-Person Households 45 21.43% 373 24.52% 532 25.75%2-Person Households 54 25.71% 454 29.85% 632 30.59%3-Person Households 34 16.19% 225 14.79% 308 14.91%4-Person Households 39 18.57% 223 14.66% 287 13.89%5-Person Households 21 10.00% 128 8.42% 159 7.70%6-Person Households 10 4.76% 56 3.68% 74 3.58%7 or more Person Households 7 3.33% 62 4.08% 74 3.58%

2020 Average Household Size 3.00 2.80 2.80

Households2025 Projection 266 1,868 2,5582020 Estimate 242 1,706 2,3342010 Census 209 1,521 2,067Growth 2020 - 2025 9.92% 9.50% 9.60%Growth 2010 - 2020 15.79% 12.16% 12.92%

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Demographic Detail Report

1219 N Magnolia St, Luling, TX 78648Radius 1 Mile 2 Mile 3 Mile

2020 Households by HH Income 242 1,705 2,335<$25,000 72 29.75% 515 30.21% 715 30.62%$25,000 - $50,000 67 27.69% 452 26.51% 607 26.00%$50,000 - $75,000 3 1.24% 257 15.07% 343 14.69%$75,000 - $100,000 3 1.24% 67 3.93% 117 5.01%$100,000 - $125,000 35 14.46% 90 5.28% 110 4.71%$125,000 - $150,000 37 15.29% 119 6.98% 164 7.02%$150,000 - $200,000 24 9.92% 154 9.03% 211 9.04%$200,000+ 1 0.41% 51 2.99% 68 2.91%

2020 Avg Household Income $71,091 $67,345 $66,8262020 Med Household Income $29,622 $43,198 $42,805

2020 Occupied Housing 242 1,707 2,334Owner Occupied 130 53.72% 1,051 61.57% 1,470 62.98%Renter Occupied 112 46.28% 656 38.43% 864 37.02%

2010 Housing Units 213 1,667 2,2871 Unit 155 72.77% 1,394 83.62% 1,846 80.72%2 - 4 Units 0 0.00% 115 6.90% 232 10.14%5 - 19 Units 38 17.84% 109 6.54% 152 6.65%20+ Units 20 9.39% 49 2.94% 57 2.49%

2020 Housing Value 129 1,052 1,470<$100,000 50 38.76% 535 50.86% 606 41.22%$100,000 - $200,000 16 12.40% 272 25.86% 486 33.06%$200,000 - $300,000 59 45.74% 176 16.73% 210 14.29%$300,000 - $400,000 1 0.78% 4 0.38% 10 0.68%$400,000 - $500,000 1 0.78% 33 3.14% 81 5.51%$500,000 - $1,000,000 1 0.78% 29 2.76% 70 4.76%$1,000,000+ 1 0.78% 3 0.29% 7 0.48%

2020 Median Home Value $190,624 $98,317 $126,543

2020 Housing Units by Yr Built 267 1,818 2,472Built 2010+ 12 4.49% 102 5.61% 167 6.76%Built 2000 - 2010 2 0.75% 38 2.09% 89 3.60%Built 1990 - 1999 65 24.34% 174 9.57% 212 8.58%Built 1980 - 1989 60 22.47% 294 16.17% 375 15.17%Built 1970 - 1979 34 12.73% 270 14.85% 368 14.89%Built 1960 - 1969 25 9.36% 230 12.65% 330 13.35%Built 1950 - 1959 20 7.49% 263 14.47% 339 13.71%Built <1949 49 18.35% 447 24.59% 592 23.95%

2020 Median Year Built 1980 1968 1968

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-0%0 SF---Land

Rent/SF/Yr:% Leased:

Total Available:Typical Floor:

RBA:Class:

Building Type:

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 US Hwy 183 S Hwy 183 0.17 N 2018 6,828 MPSI .022 FM 86 Martinez Ln 0.19 SW 2018 645 MPSI .353 Lincoln St Palm St 0.16 SE 2018 450 MPSI .414 Hackberry Ave Bridal Path Rd 0.22 N 2018 899 MPSI .425 Derrick Rd Salt Flat Rd 0.39 E 2018 453 MPSI .546 Lincoln St Vista Ave 0.03 NW 2018 421 MPSI .547 N Magnolia Ave Lincoln St 0.03 N 2018 9,670 MPSI .588 Cosey St Aransas Ave 0.01 W 2018 90 MPSI .659 Bridal Path Rd Hackberry Ave 0.15 S 2018 466 MPSI .66

10 Salt Flat Rd Biggs Rd 0.04 NE 2018 582 MPSI .95

Traffic Count Report

1219 N Magnolia St, Luling, TX 78648

Linsalata Realty ServicesCopyrighted report licensed to Linsalata Realty Services - 78479.

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Page 15: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

Luling is a city located in Caldwell County, Texas. With a 2020 population of 6,164, it is the 317th largest city

in Texas and the 4229th largest city in the United States. Luling is currently growing at a rate

of 1.73% annually and its population has increased by 13.92% since the most recent census, which recorded a

population of 5,411 in 2010. Spanning over 6 miles, Luling has a population density of 1,119 people per

square mile.

The average household income in Luling is $59,849 with a poverty rate of 29.99%. The median rental costs in

recent years comes to $711 per month, and the median house value is $89,000. The median age

in Luling is 35 years, 34.6 years for males, and 37.7 years for females. For every 100 females there

are 88.2 males.

Luling Tx Demographics

According to the most recent ACS, the racial composition of Luling Tx was:

• White: 71.52%

• Other race: 19.10%

Page 16: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

• Black or African American: 8.43%

• Asian: 0.57%

• Native Hawaiian or Pacific Islander: 0.38%

• Native American: 0.00%

• Two or more races: 0.00%

Page 17: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

For more information please visit: https://worldpopulationreview.com/us-cities/luling-tx-population/

Page 18: Luling Self Storage 1402 N Magnolia Ave Luling, TX …...Austin, Texas • joe@askLRS.com • 512-327-5000 Luling Self Storage 1402 N Magnolia Ave Luling, TX 78648 Exclusive Listing

Linsalata Realty Services Approved by the Texas Real Estate Commission for Voluntary Use

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

Information About Brokerage Services Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyers agent by entering into agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner buy does not represent the owner and must place the interests of the buyer first. The buyer should not tell the buyer’s agent anything the buyer would not want the owner to know because an buyer’s agent must disclose to the owner any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater then the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by the Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

________________________________________________ Buyer, Seller, Landlord or Tenant

________________________ Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or

512-465-3960.

01A TREC No. OP-K