- Harmon d. ovey n. ± 2.331 ACRES FOR SALE€¦ · - Harmon d. ovey n. ± 2.331 ACRES FOR SALE...
Transcript of - Harmon d. ovey n. ± 2.331 ACRES FOR SALE€¦ · - Harmon d. ovey n. ± 2.331 ACRES FOR SALE...
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
Edward [email protected] x 102
David Davidson, [email protected]
214.526.3626 x 101
Austin [email protected] x 120
DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained
in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
Water: 8’ PVC along Harmon RoadSewer: 12’ PVC along Harmon RoadUTILITIES:
Property OverviewSIZE: ± 2.331 Acres
ZONING: AG (Future Zoning E- Neighborhood Commercial)
DEMOGRAPHICS:2020 Population 1 Mile: 11,0962020 Population 2 Mile: 38,6482020 Population 3 Mile: 91,134% Proj Growth 2020-2025 1 Mile: 3.00% Proj Growth 2020-2025 2 Mile: 3.30% Proj Growth 2020-2025 3 Mile: 2.91Total Daytime Population 1 Mile: 10,729Total Daytime Population 2 Mile: 35,277Total Daytime Population 3 Mile: 78,480Total Daytime Employees 1 Mile: 5,439Total Daytime Employees 2 Mile: 15,669Total Daytime Employees 3 Mile: 33,2072020 Median HH Income 1 Mile: $87,2032020 Median HH Income 2 Mile: $92,2212020 Median HH Income 3 Mile: $94,1372020 Average HH Income 1 Mile: $97,1052020 Average HH Income 2 Mile: $109,4112020 Average HH Income 3 Mile: $110,322Median Home Value 1 Mile: $252,848Median Home Value 2 Mile: $248,011Median Home Value 3 Mile: $228,853
DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained
in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained
in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
#
#
#
#
#
#
#
#
#
#
#
#
#
#
##
#
##
#
#
#
#
#
##
#
#
#
#
#
#
#
#
###
# # # # #
##
##
#
#
#
#
#
#
#
#
# #
#
#
#
#
#
# # # #
#
#
#
#
#
# #
#
#
##
#
#
#
##
#
#
#
# #
#
#
#
#
# #
#
#
## #
#
# #
# # # # ##
#
# #
#
#
# #
#
#
#
#
#
##
##
#
# # #
#
#
##
#
##
# ##
# #
# #
#
#
# # # #
##
# #
#
#
#
#
#
#
#
# #
#
#
#
#
#
#
##
# # #
#
###
##
##
#
#
#
#
# #
#
#
# #
# #
#
# #
#
# ##
# #
#
# #
# #
# #
##
##
#
#
# #
# #
# #
#
# ##
#
# #
#
#
#
#
# #
# #
##
#
#
#
#
#
# #
# #
#
##
# # # #
##
#
#
#
#
#
# # #
#
##
#
#
##
#
#
#
#
#
#
#
##
#
#
#
#
##
#
#
##
#
#
#
#
#
##
#
#
#
#
#
#
#
#
#
##
##
## #
# ##
#
# #
###
#
#
#
#
##
##
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
! !
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!! !
!
!
!
!
!
!
!
!
!
!!!
! !
!
!
!!
!
! ! !
!
!
!!
!
!
!
!
!
!
!
! !!
!
!
!
!
!
!
!
!
! !
!
!
!
!
!
!
!
!
!
!
!
!
!! !
!
!
!
! !
!
!!
!!
!!!
!
!
!
!
!
!
!
!!
!
!
!
!
!
!
! !
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
! !
! !
! !
!
!
!!!
!!!
!
!
!
!
!
!
!
!
!
!!!
!
!
!
!
48 C
ON
CR
ETE
947
7 3
12 P.V.C. 17546 5
8 P.
V.C
.
8 P.V.C. 17446 4
8 P.V.C. 17949 5
36 CONCRETE 9477 10
8 P.
V.C
. 175
46 5
12 P
.V.C
. 229
66 4
12 P.V.C. 22191 5
8 P.V.C. 14639 3
8 P.V.C. 17292 4
8 P.
V.C
. 216
52 6
24 CONCRETE 9651 3
8 P.V.C. 16353 4
10 P
.V.C
. 163
53 4
8 P.
V.C.
235
06 3
48 S
TEE
L 19
671
41
8 P.V.C. 22190 3
12 P.V.C. 20532 21
12 P
.V.C
. 213
18 8
48 STEEL 19671 39
10 P.V.C. 17546 5
8 P.
V.C
. 229
66 4
48 S
TEE
L 19
671
42
8 P.V.C. 15140 3
36 CONCRETE 9477 4
12 P.V.C. 20532 22
8 P.
V.C
. 225
03 4
12 P.V.C. 18959 7
48 P
.V.C
. 152
68 7
24 CONCRETE 9477 3
12 P
.V.C
. 205
32 3
1
12 P.V.C. 16353 4
8 P.V.C.
8 P.
V.C
. 175
46 5 24 CONCRETE 9651 3
8 P.
V.C
. 229
66 4
8 P.V.C. 17446 4
8 P.V.C. 16353 4
8 P.V.C. 14639 3
8 P.V.C. 17446 4
8 P.V.C. 22191 S-16210 5
8 P.V.C. 17546 S-15632 19
12 P.V.C. 17292 S-15928 6
8 P.V.C. 11272 M-594* 4
8 P.V.C. 16353 S-13695 12
8 P.V.C. 21829 S-15178 5
8 P.V.C. 16353 S-13692 9
8 P.V.C. 17446 S-15425 6
8 P.V.C. 17949 S-15178 6
8 P.V.C. 14639 S-14331 7
8 P.V.C. 22190 S-15177 5
10 P.V.C. 17546 S-15621 13
8 P.
V.C
. 179
49 S
-151
81 7
8 P.
V.C
. 235
06 S
-178
89 4
8 P.V.C. 17292 S-15929 7
8 P.
V.C
. 229
66 S
-167
83 6
8 P.V.C. 17546 S-15622 14
18 P
.V.C
. 127
60 M
-452
* 29
8 P.V.C. 17949 S-15180 5
8 P.V.C. 16353 S-13692 5
8 P.
V.C
. 175
46 S
-156
21 1
3
8 P.V.C. 21318 S-15633 9
18 P
.V.C
. 127
60 M
-452
* 31
8 P.V.C. 17292 S-15931 8
10 P.V.C. 11272 M-594* 5
8 P.V.C. 17546 S-15628 16
18 P
.V.C
. 127
60 M
-452
* 30
15 P.V.C. 14639 S-14326 5
8 P.V.C. 17292 S-15928 6
8 P.V.C. 17546 S-15626 14
8 P.V.C. 16353 S-13696 13
8 P.V.C. 21512 S-15935 4
HERITAGE TRACE
HA
RM
ON
HER
ITAG
E TR
ACE
LORETO
SIL
LS
TUR
TLE
CREOSOTE
HIGHWAY 287
TIERR
A VERD
E
SP
HIN
X
CH
UPA
RO
SACAVALRY
QUAILS NEST
BIRDS EYEA
RC
BRITTLEBRUSH
HIGHWAY 287 NB SR
HO
RS
EB
AC
K
QUAIL GROVE
SALV
IA
CLAIRBORNEOCOTILLO
SPANISH NEEDLE
JUAREZ
LUXAR
ARCOS
SOAPTREE
FIJI
WH
ITE
SW
AN
SA
N T
EJA
S
CORBELB
UR
NS
IDE
BLA
INE
COVEY
PR
AIR
IE H
EN
VALLEY FORGE
LAKEVILLE
AR
CH
ES
TUNILLA
CHIA
REESE
BACH
ON
CA
MB
ER
PO
LK
BO
LD
MAKIPO
SA
SAND VERBENA
BR
AG
G
ALTA CANADA
MURDEAUX
HIGHWAY 287
E:\jkjohnson\Desktop\JE
SS P
IR_M
AP
_Template(Landscape)11x17.m
xd (jryan) 05/25/2018
COPYRIGHT 2018 CITY OF FORT WORTHUNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS.
THIS DATA IS TO BE USED FOR A GRAPHICAL REPRESENTATION ONLY.THE ACCURACY IS NOT TO BE TAKEN / USED AS DATA PRODUCED FOR ENGINEERING PURPOSES OR BY A REGISTERED PROFESSIONAL LANDSURVEYOR. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY
FOR THE ACCURACY OF SAID DATA. 0 0.055 0.110.0275Miles
5/29/2018
WATER & SEWER MAP
DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained
in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
DFW: MOST ACTIVE SUBMARKETSRank Submarket Annual Starts YoY
ChangeMedianPrice
VDLMOS
1 McKinney-West 1,820 24.4% $383K 14.9
2 Kaufman County 1,663 65.0% $259K 14.7
3US 380 Corridor, Oak Point, Cross Roads, Aubrey
1,598 -2.4% $299K 18.6
4 CFW-287 Corridor, Haslet 1,486 29.2% $275K 13.4
5 Frisco-West 1,068 -7.9% $566K 31.7
6 CFW-Northwest,Saginaw 951 75.8% $236K 15.5
7West Denton,
Northlake, Argyle ISD
948 14.4% $416K 27.1
8 Celina 895 45.3% $426K 35.5
9Little Elm &Hackberry 889 -11.5% $395K 26.3
10
Addison, Coppell, Las Colinas, Irving Area, FB, City of
Dallas N
876 12.7% $471K 25.0
11Wylie, Lavon,
St.Paul 854 34.9% $381K 17.5
12 Frisco-East 840 -22.5% $494K 32.8
13 Fate-Royse City, Hunt Co. 834 66.5% $259K 18.1
DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained
in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
DFW: GROWTH SUBMARKETS
*Submarkets with annual growth of 140 or more starts
DFW ‘Hot-Spots’
CFW-NW/Saginaw
Kaufman County
Princeton
Anna/Van Alstyne
Aledo ISD
Fate/R.C.
Arlington/Kennedale
DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained
in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
DFW: LOT DEVELOPMENT ACTIVITYPoints range in size relative
to number of lots under development as of 4Q17(see legend below for reference to
number of lots)
DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained
in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2020
NWQ - Harmon Rd. & Covey Ln. ± 2.331 ACRES FOR SALEF o r t W o r t h , Te x a s | Ta r r a n t C o u n t y
Starts1 2472 1783 1674 1605 123
Subdivision Builder Starts1 West Fork Ranch Centex 1692 Sendera Ranch Lennar 1663 Dorado Ranch DR Horton 1604 Copper Creek DR Horton 1385 Harmon Ranch at Presidio West First Texas 123 MOS MOS
Annual Starts 1,486 -- U/C Homes 566 4.7 Median Price $274,550Annual Closings 1,441 -- F/V Homes 97 0.8 Average Price $292,394
Subdivision Size Total Lots Vacant Developed Lots 1,664 13.4 Models 30 0.2 Est $ Volume (Starts) $434,497,484Wellington 50',60',65' 181 Lots Under Development 2,718 -- Total New Home Inv 693 5.8
Ann Lots Delivered 1,299 --
Subdivision Total LotsSendera Ranch 404Wellington 326Revelstoke 255
236Las Ventanas 214
181165161158138
Watersbend North 137WatersBend Fossil Park
© 2018 Residential Strategies, Inc. www.residentialstrategies.com 972.381.1400
Watersbend SouthWillow Ridge EstatesHawthorne MeadowsCaraway
Berkshire
*Data in charts represents combined statistics for City of Fort Worth-287 Corridor and Haslet
Lots Under Development
Lots Delivered 4Q17
Wellington
Copper CreekDorado RanchHarmon Ranch at Presidio West
Most Active Builder Programs
Copper Creek
Market Area Annual Statistics (1Q17-4Q17)
Sendera Ranch
City of Ft. Worth-287 Corridor & Haslet
Most Active Subdivisions/MPCSubdivision
West Fork Ranch
-
100
200
300
400
500
600
700
800
900
$111-150K $151-200K $201-250K $251-300K $301-500K $501-750K $751-1000
Annual Starts Annual Closings
Starts and Closings by Price Range
-
200
400
600
800
1,000
1,200
1,400
1,600
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
4Q13
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
Historical Starts and Closings
Annual Starts Annual Closings
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
-
100
200
300
400
500
600
700
800
900
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
4Q13
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
New Home Inventory
Models F/V U/C MOS (New Hm Inv) Equilibrium
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
4Q13
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
Median New Home Price (Starts)
-
50
100
150
200
250
300
350
400
450
500
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
4Q13
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
Quarterly Starts and Closings
Qtrly Starts Qtrly Closings
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
4Q13
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
Vacant Developed Lot Supply
Vacant Lots Month's Supply Equilibrium
55 Rev. 5/24/18
Planning and Development DepartmentSummary of Zoning Districts of the City of Fort Worth
Type Special Districts“AG” Agricultural Farms, ranches or nurseries for the growing of plants and raising of livestock. Also permitted are public
service facilities such as churches, schools, libraries, etc.“CF” Community Facilities Public facilities including churches, govt. offices, health services, public safety, colleges and schools,
community and group homes, and recreation facilities.“MH” Manufactured Hsg. Manufactured Housing / Mobile Home Parks and Subdivisions, and their related uses. (dwelling purposes
only)“PD” Planned Developmt. Special district permitting specific commercial, industrial and residential/commercial mixed uses,
normally requiring site plan approval prior to development.
Overlay Districts“DD” Demolition Delay Special overlay districts to provide for protection and preservation of places and areas of historic and“HC” Historic and Cultural cultural importance and significance. Subject to review by Historic and Cultural Landmarks Commission.“HSE” Highly Sig. Endang.
“DUDD” Downtown Design overlay districts to provide for additional review and/or requirements as appropriate in the context“TUP” Trinity Uptown of the site. Subject to review by Urban Design Commission or Downtown Design Review Board.(Panther Island) PeripheralI-35W N/Central/S
“CUZ” Compatible Use Zone Airport overlay districts to provide additional regulations to ensure compatibility with airport flight“AO”Airport Overlay operations.
“TCU” Residential overlay district to limit the number of unrelated persons living in a one-family district as a family in a single housekeeping unit.
ResidentialOne-Family Detached“A-2.5A” One-Family One-family detached dwellings (min. lot size 2 ½ acres), churches, schools, parks, etc.
“A-43” One-Family One-family detached dwellings (min. lot size 1 acre), churches, schools, parks, etc.
“A-21” One-Family One-family detached dwellings (min. lot size ½ acre), churches, schools, parks, etc.
“A-10” One-Family One-family detached dwellings (min. lot size 10,000 sq. ft.), churches, schools, parks, etc.
“A-7.5” One-Family One-family detached dwellings (min. lot size 7,500 sq. ft.), churches, schools, parks, etc.
“A-5” One-Family One-family detached dwellings (min. lot size 5,000 sq. ft.), churches, schools, parks, etc.
“AR” One-Family Restricted One-family detached zero-lot line dwellings (min. lot size 3,500 sq. ft.), churches, schools, parks, etc.
One-Family and Two-Family, Detached and Attached“B” Two-Family One-family and two-family detached and attached (min. lot size 5,000 sq. ft. for two attached dwellings on
a single lot; and 7,500 sq. ft. min. lot size for two detached on a single lot); plus all “A-5” and “AR” uses.
“R1” Zero Lot Line / Cluster One-family detached min. 3,000 sq. ft. lot; one-family zero lot line min. 2,500 sq. ft. lot; two-family attached zero lot line min. 2,500 sq. ft. lot, plus all “B” uses.
“R2” Townhouse/Cluster One-family attached townhouse / rowhouse dwellings, w/ min. 15% open space, and max. of 24 dwelling units / ac. on average, maximum building façade length 250 ft.; plus all “R1” uses.
Multifamily“CR” Low Density Multifamily dwelling units at a maximum density of 12 dwelling units / acre, per Sec. 6.506 of theMultifamily Unified Residential Development provisions. “C” Medium Density Multifamily dwelling units at a maximum density of 18 dwelling units / acre, per Sec. 6.506 of theMultifamily Unified Residential Development provisions.
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 tenant (buyer), you should know that the broker who lists 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 an 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.
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant
01A TREC No. OP-K
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.
IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.
(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 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 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; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and
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.
Date
11-2-2015
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about
brokerage services to prospecƟve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:
• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen 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 instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:
ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng 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 transacƟon 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 duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon 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 noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No. Phone
Designated Broker of Firm License No. Phone
Licensed Supervisor of Sales Agent/Associate
License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Regulated by the Texas Real Estate Commission
Buyer/Tenant/Seller/Landlord Initials
InformaƟon available at www.trec.texas.gov IABS 1-0
Date
Davidson Bogel Real Estate, LLC 9004427 [email protected] 214-526-3626
Michael Edward Bogel II 0598526
[email protected] 214-526-3626
Austin Freet 0697931
[email protected] 214-526-3626
David Davidson JR. 593731 [email protected] 214-526-3626