±4 acres in garden oaks...dillon mills senior associate [email protected] o 713-955-3123 m...

Oak Forest Swimming Pool

Gatlin's BBQUnion KitchenToastedMattress OnePaws Pet Resort

610

JUDIWAY STJUDIWAY STJUDIWAY ST

OAK FOREST DROAK FOREST DROAK FOREST DR

ELLA BLVDELLA BLVDELLA BLVD

« ROSSLYN RD | E TC JESTER BLVD »



W TC JESTER BLVD

W TC JESTER BLVD

W TC JESTER BLVD

W 34TH STW 34TH STW 34TH ST

DU BARRY LN

DU BARRY LN

DU BARRY LN

G R E A T E R H E I G H T SG R E A T E R H E I G H T SG R E A T E R H E I G H T S

G A R D E N O A K SG A R D E N O A K SG A R D E N O A K S

L A Z Y B O O K / T I M B E R G R O V EL A Z Y B O O K / T I M B E R G R O V EL A Z Y B O O K / T I M B E R G R O V E

±4.0ACRESFUTURE ROW

TC Jester ParkTC Jester Park

American Legion Park

Oaks Dad’s Club

OAK FOREST/GARDEN OAKSHome Prices up to $1.3M

DOWNTOWN HOUSTON · 6 MILESEmployment Entertainment

Houston Theater DistrictMinute Maid Park (Houston Astros) Toyota Center (Houston Rockets)George R. Brown Convention CenterDiscovery Green Park

Hosts 12 of Houston’s 26 Fortune 500 companiesMajor Employers (Number of Employees)Chevron (7,000)Shell Oil Company (6,500 Chase Bank (4,695)KBR (3,175)ExxonMobil Corporation (3,000) El Paso Corporation (2,200) CenterPoint Energy (2,040) Hess Corporation (1,870United Airlines (1,840) Wells Fargo (1,695)

±4 Acres in Garden Oaks W TC Jester Blvd, Houston, TX 77018

O F F E R I N G M E M O R A N D U M

Tim [email protected] 713-955-3127M 713-459-8123

David [email protected] 713-955-3126M 713-206-1574

Tom [email protected] 713-955-3125M 713-557-4455

Clark DaltonVice [email protected] 713-955-3122M 832-449-2223

Becky HandSenior [email protected] 713-955-3121M 918-629-5592

Dillon MillsSenior [email protected] 713-955-3123M 713-254-3824

Tripp RichTransaction [email protected] 713-955-3124M 936-635-6968

Kenneth [email protected] 713-955-3120M 713-829-2615

Contacts

Dosch Marshall Real Estate713.955.3120

777 Post Oak Blvd Houston, TX 77056

www.dmreland.com

Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclu-sively retained to represent the Seller in the disposition of ±4 acres between W TC Jester Blvd and E TC Jester Blvd at Judiway St, Houston Garden Oaks, TX 77018 (Property). All inquiries about the Property should be directed to DMRE.

About DMREDosch Marshall exists to provide unmatched real estate brokerage services across the U.S. by connect-ing our expansive network, market knowledge, and expertise in land brokerage with innovative processes.

Founded in 2017, but in the Houston market for the past 15 years, our goal is to represent our clients with excellence. In real estate as in other industries experience is key: collectively, DMRE has 40 years of experience. Tim Dosch, David Marshall, and Tom Dosch have all been chosen in recent years for the Houston Heavy Hitters, an award that recognizes those who have traded the largest transactions in Houston for the year.

2±4 ACRES IN GARDEN OAKS

DU BARRY LN

DU BARRY LN

DU BARRY LN

W TC JESTER BLVDW TC JESTER BLVDW TC JESTER BLVD

DU BARRY LN

DU BARRY LN

DU BARRY LN


W 43RD STW 43RD STW 43RD ST

ELLA BLVDELLA BLVDELLA BLVD

OAK FOREST DROAK FOREST DROAK FOREST DR

JUDIWAY ST

JUDIWAY ST

JUDIWAY ST

« ROSSLYN RD | E TC JESTER BLVD » « ROSSLYN RD | E TC JESTER BLVD » « ROSSLYN RD | E TC JESTER BLVD »

W 3

4TH

STW

34T

H ST

W 3

4TH

ST

TC Jester Park


Gatlin's BBQ

FUTURE ROW


Oaks Dad’s Club

White Oak Bayou Greenway Trail


RETAILOak Forest Center

±4.0ACRES

±4.0ACRES

±4.0ACRES

TC Jester Park


Property Aerial

PROPERTY


« E TC JESTER BLVD | ROSSLYN RD »




DACOMA ST610

W 34TH STW 34TH STW 34TH ST

DU BARRY LNDU BARRY LNDU BARRY LN

±4.0 ACRES±4.0 ACRES±4.0 ACRESFUTURE ROW

FUTURE~24-acre retail development~US-290 & Dacoma


LAXYBROOK/TIMBERGROVEHome Prices up to $300K

BROOKHOLLOWCourtyard Houston BrookhollowSpringHill Suites HoustonBrookhollowTexas Department of Public SafetyBLS International ServicesMEMCO StaffingEbay Services of TexasThe Gateway AcademyBalfour Beatty ConstructionMacroFab, Inc

World Wide Metric-TxSpringfield CollegeTexas Paint SupplyPritchard IndustriesJunior Achievement of SE TexasTexas Department of Motor Vehicles ARC of Greater HoustonBrookstone construction managersTexas Children's Pediatrics HeightsSmart Financial Credit Union

TC Jester Park

Oaks Dad’s Club

Dyer Stadium


Property Aerial

PROPERTY


Property Information

2017 Tax Rates

1 HOUSTON ISD 1.206700

40 HARRIS COUNTY 0.418010

41 HARRIS CO FLOOD CNTRL 0.028310

42 PORT OF HOUSTON AUTHY 0.012560

43 HARRIS CO HOSP DIST 0.171100

44 HARRIS CO EDUC DEPT 0.005195

48 HOU COMMUNITY COLLEGE 0.100263

61 CITY OF HOUSTON 0.584210

Total 2.526348

Property Details

LOCATION Between W TC Jester Blvd and E TC Jester Blvd at Judiway St Houston Garden Oaks, TX 77018

LAT., LONG. 29.820371, -95.447968

TOTAL SIZE ±4.0

COUNTY Harris

UTILITIES City of Houston

SCHOOLS Houston Independent School District

FLOODPLAIN A portion of the property is in the 100-year floodplain

PRICING TBD by market

2017 Demographics

0-1 mi 0-3 mile 0-5 miles

EST. POPULATION 2017 18,752 147,981 415,798

5-YR EST. POPULATION GROWTH 8.35% 8.50% 7.67%

AVERAGE HOUSEHOLD INCOME $102,931 $97,717 $101,098

MEDIAN VALUE OF OWNER OCCUPIED HOUSING UNITS $235,549 $212,810 $202,066

Making an OfferOffer InformationOffers should be presented in the form of a non-binding Letter of Intent, and should include:

• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans

Due Diligence InformationTo access the due diligence information please visit the Property website at: dmreland.com/listings/#615

Additional Property Details

PARCEL ID 043205005035704320500503531360930010013 - 1360930010036 1360930010040 - 1360930010046

OWNER 3675 WTCJ TOWNHOMES LLC

PROPERTY 3675 W T C JESTER BLVD HOUSTON, TX 77018

LEGAL TR 10 ABST 539 W P NORTON

Development opportunity in Garden Oaks• Garden Oaks is an attractive residential submarket with

active lifestyle amenities, unique restaurants, and outdoor recreation spots

• The Property is less than 500 feet from TC Jester Park and Whiteoak Bayou Greenway Trail, which provides over 15 miles of public greenspace and hike-and-bike trails connect-ing Garden Oaks with Washington Corridor and Downtown Houston

• The Property is 3 miles from the center of The Heights, a historic Houston neighborhood which has become an area of interest for young professionals in Houston


PROPERTY

Site plan depicted is for 140 garden style apartment units.

R 5

' - 0

"

Site Plan

Traffic Counts





±4.0ACRES

±4.0ACRES

±4.0ACRES

FUTURE ROW

W TC JESTER BLVD9,160 CPD

E TC JESTER BLVD

W 34TH ST

DU BARRY LN

±4.0 ACRES

12,24012,240 CPD

17,770 CPD16,443 CPD


PROPERTY

MAIN

ST

10

45

45

610

610

ELYSIAN ST

FULTON ST

W CAVALCADE STSTUDEM

ONT ST

YALE STHEIGHTS BLVD

WHITE OAK DR

SAWYER ST

HOUSTON AVE

MONTROSE BLVD

WAUGH DR

WESTHEIMER RD

N SHEPHERD DRN DURHAM

DR

T C

JEST

ER B

LVD

W 11TH ST

W 18TH ST

OLD KATY RD

W 20TH ST

W 34TH ST

ELLA BLVD

WOODWAY DR

SAN FELIPE ST

WESTCOTT ST

MEMORIAL DR

SILBUR RD

LONG POINT RD

WIRT RD

HEMPSTEAD RD

LANG RD

ANTOINE DR

PINEMONT DR

T C JESTER BLVD

W 43RD STROSSLYN DR

CROSSTIMBERS ST

AIRLINE DR

WASHINGTON AVE

MEMORIAL DR

1 MI

3 MI

5 MI

±4.0 Ac

WASHINGTON CORRIDORMEMORIAL PARK

RIVER OAKS

MONTROSEGALLERIA/UPTOWNDISTRICT

290 INDUSTRIAL CORRIDOR

THE HEIGHTS

GARDEN OAKS

SPRING BRANCH EASTUP TO $1.6M

OAK FOREST/GARDENUP TO $1.3M

INDEPENDENCE HEIGHTSUP TO $450K

NEAR NORTHSIDEUP TO $500K

THE HEIGHTSUP TO $1.5K

MINUTE MAID PARK

WHITE OAK DRIVENOTABLE RESTAURANTS & NIGHTLIFE

TOYOTA CENTER

GREENSTREET

THEATER DISTRICT

HOUSTON ARBORETUM &NATURE CENTER

RIVER OAKS GOLF CLUBRIVER OAKS

SHOPPING CENTER

W 19TH ST SHOPPING DISTRICTDINING • NIGHTLIFE • FITNESS • THEATER • SHOPPING

SPOTTS PARK ELEANOR TINSLEY PARK

DISCOVERY GREEN

GEORGE R BROWN CONVENTION CENTER

CENTRAL BUSINESS DISTRICT


Local Highlights

Washington Corridor (4.5 mile)One of Houston’s most popular nightlife spots, the Wash-ington Corridor has experienced profound gentrification within the past few years. Neighborhood retail includes a 215,000-square-foot Wal-Mart-anchored retail center and a Target-anchored retail center.

The Houston Heights (1 mile)A center of interest for young professionals in Houston; trendy bars and restaurants have flooded into the area, mak-ing it the newest and hottest of Houston’s nightlife spots

Retail at Ella Blvd & W. 18th St (1.5 miles)HEB, Walgreens, Foodarama, bike shops, fitness centers, and various restaurants and bars

W 19th Shopping District (3 miles)Center for shopping, dining, and nightlife in The Heights: in addition to a Kroger, CVS, and four banks, it hosts more than 13 eateries and bars, two fitness centers, three theater venues, and many unique independent shops

Upcoming Developments• Whole Foods 365 at 610 & Yale St - Opening 2018• Heights Waterworks mixed use development - Nichol-

son & W. 20th St• Alliance multifamily development - Nicholson & W. 21st St

Outdoor Recreation

Memorial Park (<3 miles)• Includes Memorial Park Golf Course and facilities for

tennis, softball, swimming, track, croquet, volleyball, skating, and cycling

• Features the very popular Seymour Lieberman Exer-cise Trail, a 2.93 mile crushed granite pathway that sees almost 3 million visits annually

• Home to the Houston Arboretum & Nature Center, a 155-acre urban nature sanctuary with 5 miles of trails

Upcoming Renovation• The Seymour-Lieberman Trail, the most popular run-

ning trail in Houston, was recently renovated• Kinder Foundation made a $70 million contribution

to the transformation of Memorial Park, which is expected to cost hundreds of millions of dollars and take about 20 years to complete

• Memorial Park Conservancy, the Houston Parks and Recreation Department and the Uptown Development Authority are leading the Memorial Park Master Plan project; work began on the project in 2013

Garden Oaks (Surrounding)Attractive residential submarket with active lifestyle ame-nities, unique restaurants, and outdoor recreation spots, including: American Legion Park, Oaks Dads Club, Harriet and Joe Foster Family YMCA, White Oak Bayou Greenway Trail, Oak Forest Swimming Pool, Bayou City CrossFit, GO Pilates

Oak Forest RestaurantsWakefield Cowbar, Shepherd Park Draught House, Catty Corner Ice House, Cottonwood, Mi Sombrero, Gatlin’s BBQ

Oak Forest Center (<1 mile)Kroger, Walgreens, PetSmart, Chase Bank, BBVA Compass Bank, Wells Fargo, Baskin-Robbins, Starbucks, Plonk Wine and Beer Bistro, Great Clips, Resource One Credit Union, Oak Forest Library

ELLA BLVD

OAK FOREST DR

DU BARRY LN


ELLA BLVD

OAK FOREST DR

DU BARRY LN


W 43RD STW 43RD STW 43RD ST

ELLA BLVD

OAK FOREST DR

DU BARRY LN



W 3

4TH

STW

34T

H ST

W 3

4TH

ST

TC Jester Park

JUDIWAY ST

±4.0ACRES

±4.0ACRES

±4.0ACRES


Gatlin's BBQ

FUTURE ROW


Oaks Dad’s Club




AREA HIGHLIGHTS

FOUR OAKS PLACE - UPTOWN DISTRICT

THE GALLERIA MALL

Employment• Occupies 500 acres and is the 15th largest business

district in the U.S.• 26 million total square feet of commercial office space• Class A occupancy rate remains at a steady 90%

throughout the year• Over 16 million square feet of Class A office space • 13% of Houston’s total “Class A” office space, second

only to Downtown Houston• Hosts over 82,000 employees and 2,000 companies,

including Fortune 500 companies Apache, Spectra Energy, and Marathon Oil

Retail & Hospitality• Home to the largest number of couture retailers

in the city, including Versace, Yves Saint Laurent, Giorgio Armani and Bulgari

• 55% of residents within a three-mile radius earn over $75,000 annually

• Six million square feet of retail space and more than 1,000 stores

The Galleria Mall• Three million-square-foot, mixed-used site on 52

acres• Fourth largest retail complex in the United States • Hosts more than 30 million visitors annually,

making it the number one shopping and tourist attraction in Houston

• Houston’s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen, and Houston’s only Nordstrom

Hospitality• Over 30 million people visit the District every year• 34 hotels with over 7,800 hotel rooms (more full

service hotels than any other district in Houston) • Highest hotel occupancy rate in Houston• Nearly 10% of Houston’s total hotel rooms

New Developments

• In 2016 the Galleria opened a new 198,000-square-foot Saks Fifth Avenue

• A high-rise 30-story residential tower is also planned, with 225 hotel rooms and 75 to 10 condo-miniums

• Recently added a 180-foot-long retail corridor for high-end boutiques called “Galleria IV”; most shops opened in the second quarter of 2017

Top Employers

Apache Corporation

BBVA Compass Bank

Bechtel Corporation

BHP Billiton

Cambridge Energy Research Associates, Inc.

Clear Channel Communications

Datacert, Inc.

Goodman Global Group, Inc.

Hines

Landry’s

LiveNation

Marathon Oil

S&B Infrastructure, Ltd.

Schlumberger Limited

Spectra Energy

Stewart Information Services Corporation

Engie (prev. GDF SUEZ)

TeleCheck International, Inc.

Williams

Uptown District/The Galleria4.5 miles from the Property


AREA HIGHLIGHTS

Toyota Center • Home of the NBA’s Houston Rockets• The Toyota Center has a total of 750,000 square feet,

with 18,300 seats available for basketball, 17,800 for hockey, and 19,000 for concerts, including 2,900 club seats and 103 luxury, courtside seats

Minute Maid Park • Home of the Houston Astros and Houston Aeros pro-

fessional sports teams• Built in the year 2000, Minute Maid Park has a 242-foot

high retractable roof• Minute Maid Park has a gross square footage of 28.97

acres, a total square footage of 1,263,240, and a total of 40,963 seats

GreenStreet• Three-block, 570,000-square-foot mixed-use destina-

tion with shopping, entertainment and dining• III Forks, McCormick & Schmick’s, House of Blues,

Lucky Strike • Hosts NRG’s regional headquarters, one of the nation’s

largest energy providers• 90,000 square feet of collaborative office space with

easy access to transit and parking• Home of the Hotel Alessandra – a new 223-room luxury

hotel which opened in 2017

Discovery Green Park• Two-acre picnic lawn with one-acre lake, jogging trail,

performance stage, two dog parks, and multiple gar-dens

• Served as the planned entertainment zone, or “Super Bowl El Centro,” for the 2017 Super Bowl

George R Brown Convention Center• 1.9 million SF• $253 million economic impact• Fronted by Avenida de las Americas, a boulevard

running from Minute Maid Park to Hilton Ameri-cas-Houston, which features five restaurants and festival and event space

Houston Theater District• The Houston Theater District, an impressive 17-block

cultural and entertainment center, is the second largest performing arts district in the U.S. next to Broadway in New York City

• Nine performing arts organizations with more than 12,900 seats for live performances

• Includes 130,000 square foot Bayou Place entertain-ment complex offering popular restaurants, movies, and parks

• More than two million visitors annually• Venues include: Alley Theater, Wortham Theater Center,

Hobby Center, Sundance Cinemas, Jones Hall & Jones Plaza, House of Blues, Houston Ballet, Bayou Music Center

Top Employers

Employer # Employees

Chevron 8,600

Shell Oil Company 7,000

Chase Bank 4,892

CenterPoint Energy 3,826

KBR 2,958

NRG/Reliant Energy 2,300

ExxonMobil Corporation 2,200

Hess 2,000

Kinder Morgan 1,860

Deloitte 1,700

Enterprise Products Partners 1,360

Ernst & Young 1,300

Waste Management, Inc. 1,270

PriceWaterhouseCoopers 1,236

LyondellBasell Industries 1,200

MINUTE MAID PARK

GEORGE R BROWN CONVENTION CENTER

TOYOTA CENTER

Employment• Over 150,000 employees• Over 3,000 businesses and 50.4 million SF office

space • Class A office occupancy at 85.6%• 754,000 SF of office space is under construction• Hosts 20 of Houston’s 26 Fortune 500 companies;

9 have their headquarters in Downtown Houston

Entertainment & Attractions• Over ten million people visit Downtown annually• 22 hotels and 7,300 hotel rooms• 9 major performing arts organizations• 2 million SF retail space• Over 300 restaurants, coffee shops, and bars,

including the renowned Xochi, Potente and Local Foods

Downtown Houston6 miles from the Property


AREA HIGHLIGHTS

Office developments• Skanska resumed construction on Capitol Tower, its

35-story 754,000 SF office tower at 811 Rusk; the lead tenant, Bank of America, preleased 210,000 SF and has acquired the naming rights for the tower

• Chevron’s 1500 Louisiana is undergoing a $10 million renovation as part of the company’s relocation of around 900 employees from its Bellaire campus

• Global co-working giant WeWork will open its first Houston location Downtown in April 2018 in The Jones at Main at 708 Main; WeWork will occupy 86,000 SF, housing over 1,400 of its members; the facility will accomodate a range of companies (individuals, startup firms and entrepreneurs) and provide private office space for 120+ employees of companies that require a regular presence in Houston

• Hines unveiled its twenty-first tower in the Houston skyline, 609 Main, at a grand opening in 2017; Hines is the building’s first tenant and moved into their new Southwest regional office on the 44th floor

New retail & restaurant openings • A new nanobrewery, 160ft Beerworks • Bud’s Pitmaster BBQ opened at 1001 Avenida de Las

Americas• Cake Life Co., a local bakery that specializes in custom

cakes• The Conservatory Food Hall and Beer Garden at 1010

Prairie added new food and beverage vendors this spring—Arte Pizzeria from pastry chef Kelsey Hawkins; Mars Bakery, a doughnut and pastry bar; and Noble Rot Wine Bar, a “boutique wine bar”

• LAUNCH, a collaborative pop-up shop returned Down-town on April 1, featuring new local designers and artisans

• Stack Burger, a casual restaurant and burger stand is open at 703 St. Joseph Pkwy

• The Tipping Point, Downtown’s first and only creative lifestyle destination

2Q 2017Downtown Houston Market Report 4

RETAIL HIGHLIGHTS

9new retailers

Market Overview

RETAIL (CONTINUED) The Tipping Point, Downtown’s first and only cre-ative lifestyle destination, is open in the Historic W. L. Foley Building at 214 Travis Street. Locally owned and operated by native Houstonians since 2007, the store curates a select collection of limited-edition footwear, books, art, apparel, music, and accessories that are a reflection of their creative lifestyle. (Website)

COMING SOON:B&B Butchers owner, Benjamin Berg, will be opening Benjamin’s, a new 16,000 SF world-class restaurant on the ground and mezzanine floors of The Star apartment building at 1111 Rusk. The new restaurant is expected to open towards the end of summer 2018. (Chronicle, HBJ, RNR)

Café Cosmopolita will be opening on the ground floor of SkyHouse Houston at 1625 Main Street in mid-September. The independent specialty coffee shop with a modern and international theme will serve high quality espresso based drinks, coffee, tea, pastries, breakfast sandwiches and other beverages.

Finn Hall is set to open in early 2018 at 712 Main in The Jones on Main. The 20,000-SF food hall will feature a dozen chef-driven food outlets, a craft beer and curated wine bar, an art deco cocktail lounge, and private spaces. The food hall will serve breakfast, lunch and dinner. (Chronicle, HBJ)

High & Dry, a new rum bar set to serve up an “urban oasis” will be opening on the second floor of 306 Main Street. (Houston Eater)

An upscale white table cloth full-service restaurant, Lucienne, and lobby bar, Bardot, are planned on the second floor of the new Hotel Alessandra. The restau-rant will feature Mediterranean cuisine from countries such as Portugal, Greece, France and Spain and seat about 100. (Chronicle)

Celebrity Chef Bryan Caswell, the chef-owner of Reef, El Real, and Little Bigs plans to open a new restaurant, Oxbow 7, on the ground floor of the new Le Méridien hotel at 1121 Walker St., and a rooftop bar, Hoggbirds on the 22nd floor. The restaurant and bar are expected to open along with the hotel on August 22. (HBJ, culturemap, Website)

Owners of Montrose coffee shop Blacksmith, Morning-star and Greenway Coffee & Tea plan to open Prelude Coffee and Tea inside 609 Main's lobby. (HBJ)

Dallas-based restaurant and bar concept by Pat Green and FreeRange Concepts, The Rustic, will open its first Houston location Downtown at 1836 Polk St., next to the George R. Brown Convention Center. The 25,000-SF restaurant and bar is expected to open in the summer of 2018 and create more than 200 Houston jobs. (HBJ)

The Tipping Point

THE TIPPING POINT

LAUNCH POPUP SHOP 160FT BEERWORKS

Other developments & updates• The new 21-dock BCycle station, Downtown’s

fifteenth location, was installed at the Jury Assembly Building located at 1202 Franklin Street in June 2017

• Uber Technologies Inc. and Cameron Manage-ment have named the Esperson Building as a designated pickup and dropoff building

• Construction on the new Downtown campus of the High School for the Performing and Visual Arts (HSPVA) has topped out and the new HSPVA campus is on track for completion in the fourth quarter of 2018

• The Lee and Joe Jamail Skatepark at Buffalo Bayou Park has reopened after a $2 million renovation

RENDERING: FINAL DESIGN OF HIGH SCHOOL FOR THE PERFORMING AND VISUAL ARTS (HSPVA)

RENDERING: HOTEL ALESSANDRA AND THE GREENSTREET REDEVELOPMENT

Downtown Houston6 miles from the Property


AREA HIGHLIGHTS

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tel

l a

buye

r’s

agen

t an

ythi

ng t

he o

wne

r w

ould

not

wan

t th

e bu

yer

to k

now

bec

ause

a b

uyer

’s a

gent

mus

t di

sclo

se t

o th

e bu

yer an

y m

ater

ial i

nfor

mat

ion

know

n to

the

agen

t.

IF T

HE

BR

OK

ER A

CTS

AS

AN

IN

TER

MED

IAR

Y:A

brok

er m

ay a

ct a

s an

int

erm

edia

ry b

etw

een

the

part

ies

if th

e br

oker

com

plie

s w

ith T

he T

exas

Rea

l Es

tate

Licen

se A

ct. T

he b

roke

r m

ust o

btai

n th

e w

ritte

n co

nsen

t of

eac

h pa

rty

to t

he t

rans

actio

n to

act

as

an

Ap

pro

ved

by

the

Texa

s R

eal E

stat

e C

omm

issi

on f

or V

olu

nta

ry U

se

Texa

s la

w r

equi

res

all r

eal e

stat

e lic

ense

es t

o gi

ve t

he fol

low

ing

info

rmat

ion

abou

t br

oker

age

serv

ices

to

pros

pect

ive

buye

rs,

tena

nts,

sel

lers

and

land

lord

s.

Info

rmat

ion

Abo

ut B

roke

rage

Ser

vice

s

Rea

l est

ate

licen

see

asks

tha

t yo

u ac

know

ledg

e re

ceip

t of

thi

s in

form

atio

n ab

out

brok

erag

e se

rvic

es f

or t

he li

cens

ee’s

rec

ords

.

inte

rmed

iary

. The

writ

ten

cons

ent m

ust st

ate

who

will

pay

the

brok

er a

nd, i

n co

nspi

cuou

s bo

ld o

r un

derli

ned

prin

t, se

t fo

rth

the

brok

er’s

oblig

atio

ns

as

an

inte

rmed

iary

. Th

e br

oker

is

requ

ired

to t

reat

eac

h pa

rty

hone

stly

and

fai

rly a

nd t

o co

mpl

y w

ith T

he

Texa

s Re

al E

stat

e Li

cens

e Ac

t.

A br

oker

who

act

s as

an

inte

rmed

iary

in a

tran

sact

ion:

(1)

shal

l tre

at a

ll pa

rtie

s ho

nest

ly;

(2)

may

not

disclos

e th

at t

he o

wne

r w

ill a

ccep

t a

price

less

tha

t th

e as

king

pric

e un

less

aut

horiz

ed i

n w

ritin

g to

do

so b

y th

e ow

ner;

(3)

may

not

disclos

e th

at t

he b

uyer

will p

ay a

pr

ice g

reat

er t

han

the

price

sub

mitt

ed in

a w

ritte

n of

fer

unle

ss a

utho

rized

in w

ritin

g to

do

so b

y th

e bu

yer;

and

(4)

may

not

disc

lose

any

con

fiden

tial i

nfor

mat

ion

or

any

info

rmat

ion

that

a p

arty

spe

cifica

lly i

nstru

cts

the

brok

er i

n w

ritin

g no

t to

disc

lose

unl

ess

auth

orize

d in

w

ritin

g to

disc

lose

the

info

rmat

ion

or re

quire

d to

do

so b

y

The

Texa

s Re

al E

stat

e Lice

nse

Act

or a

cou

rt or

der

or if

th

e in

form

atio

n m

ater

ially

rel

ates

to

the

cond

ition

of t

he

prop

erty

.

With

th

e pa

rtie

s’

cons

ent,

a br

oker

ac

ting

as

an

inte

rmed

iary

bet

wee

n th

e pa

rtie

s m

ay a

ppoi

nt a

per

son

who

is

licen

sed

unde

r Th

e Te

xas

Real

Est

ate

Lice

nse

Act

and

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith

and

carr

y ou

t in

stru

ctio

ns

of

one

part

y an

d an

othe

r pe

rson

who

is

licen

sed

unde

r th

at A

ct a

nd

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith a

nd

carr

y ou

t ins

truc

tions

of t

he o

ther

par

ty.

If y

ou c

hoos

e to

hav

e a

brok

er r

epre

sent

you

, yo

u sh

ould

ent

er i

nto

a w

ritte

n ag

reem

ent

with

the

br

oker

tha

t clea

rly e

stab

lishe

s th

e br

oker

’s o

blig

atio

ns

and

your

obl

igat

ions

. T

he

agre

emen

t sh

ould

sta

te

how

and

by

who

m t

he b

roke

r w

ill b

e p

aid.

You

hav

e th

e rig

ht t

o ch

oose

the

typ

e of

rep

rese

ntat

ion,

if a

ny,

you

wish

to rec

eive

. You

r pa

ymen

t of a

fee

to a

bro

ker

does

no

t ne

cess

arily

es

tabl

ish

that

th

e br

oker

re

pres

ents

you

. If y

ou h

ave

any

ques

tions

reg

ardi

ng

the

dutie

s an

d re

spon

sibi

litie

s of

th

e br

oker

, yo

u sh

ould

res

olve

thos

e qu

estio

ns b

efor

e pr

ocee

ding

.

Buy

er,

Sel

ler,

Lan

dlor

d or

Ten

ant

D

ate

Texa

s Re

al E

stat

e Br

oker

s an

d Sa

lesp

erso

ns a

re li

cens

ed a

nd r

egul

ated

by

the

Texa

s Re

al E

stat

e Co

mm

issi

on (

TREC

). I

f you

hav

e a

ques

tion

or c

ompl

aint

re

gard

ing

a re

al e

stat

e lic

ense

e, y

ou s

houl

d co

ntac

t TRE

C at

P.O

. Box

121

88, A

ustin

, Tex

as 7

8711

-218

8 ,

512-

936-

3000

(ht

tp:/

/ww

w.t

rec.

texa

s.go

v)

T

REC

No.

OP-

K

12

±4 acres in garden oaks...dillon mills senior associate [email protected] o 713-955-3123 m...

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