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DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
DOVE CREEKTHE SHOPS AT
± 80-ACRE REGIONAL SHOPPING CENTER
» RETAIL SPACE FOR LEASE» PAD SITES AVAILABLE
ENDURA ADVISORY GROUP9311 San Pedro Avenue | Suite 850
San Antonio, Texas 78216 www.endurasa.com
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
DOVE CREEKTHE SHOPS AT
PROPERTY FEATURES
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
THE SHOPS AT DOVE CREEK
1604
POTRANCO ROAD
1-MILE 3-MILE 5-MILE
POPULATION 9,469 91,487 202,385
HOUSEHOLDS 2,988 29,199 66,740
AVERAGE HH INCOME $95,005 $84,380 $78,541
DEMOGRAPHICS
Source: CoStar (2020 estimates)
SIZE & FRONTAGE: ± 80 Acres350,000 SF gross leasable building area2,000 SF along Loop 1604 & direct accessto Potranco Rd
ZONING: C-3
2.11.21
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
DOVE CREEKTHE SHOPS AT
PROPERTY HIGHLIGHTS
• The Shops at Dove Creek offers excellent visibility and access to Far West San Antonio, the MSA’s fastest growing region.
• The site is adjacent to: TJ Maxx, HomeGoods, Ross Dress for Less, PetSmart, Michaels, Ulta, Skechers, Famous Footwear and Bath & Body Works, as well as other national and regional tenants.
• Walmart, HEB, Kohl’s, Academy, and LA Fitness are among the retailers with a presence in this underserved trade area, which has seen explosive residential growth.
• The Shops at Dove Creek is a master planned development including single family residential, apartments, and a large selection of retail and restaurant options.
• Infrastructure expansions completed on Loop 1604 and Potranco Road and State Hwy 211.
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
AERIAL OVERVIEW
WalmartSupercenter
1604
1604
151
CU
LEB
RA
RD
MADISON’S MARKET
ALAMO RANCH
TAKATA SEATBELTS
NATIONWIDEINSURANCE CAMPUS
NORTHWEST VISTA COLLEGE
CHRISTUSSANTA ROSA
HOSPITAL
FUTUREMETHODIST
HOSPITAL
WELLS FARGO CAMPUS
ALA
MO
RA
NC
H P
KW
Y
CU
LEB
RA
RD
PO
TRA
NC
O R
D
MILITA
RY
DR
W
N ELL
ISON DR
WISEM
AN
BLV
D
WIS
EMAN
BLV
D
ROGERS RD
GM FINANCIALCENTER
HYATTHILL COUNTRY
RESORT
DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
RESIDENTS IN THE 5-MILE TRADE AREA
199,059±
The Shops at Dove Creek
DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
SITE PLAN
AVAILABLE RETAIL SPACE1,500 sf - 8,000 sf
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OmniVision
PalladiumNail BarPAD
11
PAD 10
PAD 9
PAD 8
PAD 7
PAD 6
AVAILABLEAVAILABLEAVAILABLE
AVAILABLE
AVAILABLE
AVAILABLE
PAD 5
PAD 4
PAD 2
PAD 1
PAD 12
AVAILABLE
6.8 ACRES
PAD 13
PAD 3
± 170 PLATTED LOTS
350 UNITSMF PROPOSED LIGHT
EXISTING LIGHT
EXISTING LIGHT
NOT PART OF DEVELOPMENT
The One �Only
PAD11
AVAILABLE
PAD10
AVAILABLE
PAD6
AVAILABLE
PAD5
AVAILABLE
PAD4
AVAILABLE
PAD 12
AVAILABLE
PAD 13
AVAILABLE
6.8 ACRES
AVAILABLEPAD SITE SIZE (AC)
4 1.2
5 1.117
6 1.078
10 1.597
11 2.799
12 1.01
13 1.305
Available Pad Sites Available For Lease “At Lease”
AVAILABLE RETAIL SPACE1,500 SF - 8,000 SF
DOVE CREEK HIGHLANDS
PYLON
Endura\Active Listings\Shops at Dove Creek\1. Shops at Dove Creek Market Package 2015\Aerial & Site Plan
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OmniVision
PalladiumNail BarPAD
11
PAD 10
PAD 9
PAD 8
PAD 7
PAD 6
AVAILABLEAVAILABLEAVAILABLE
AVAILABLE
AVAILABLE
AVAILABLE
PAD 5
PAD 4
PAD 2
PAD 1
PAD 12
AVAILABLE
6.8 ACRES
PAD 13
PAD 3
± 170 PLATTED LOTS
350 UNITSMF PROPOSED LIGHT
EXISTING LIGHT
EXISTING LIGHT
NOT PART OF DEVELOPMENT
The One �Only
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AVAILABLE AVAILABLE AVAILABLE
OmniVision
PalladiumNail BarPAD
11
PAD 10
PAD 9
PAD 8
PAD 7
PAD 6
AVAILABLEAVAILABLEAVAILABLE
AVAILABLE
AVAILABLE
AVAILABLE
PAD 5
PAD 4
PAD 2
PAD 1
PAD 12
AVAILABLE
6.8 ACRES
PAD 13
PAD 3
± 170 PLATTED LOTS
350 UNITSMF PROPOSED LIGHT
EXISTING LIGHT
EXISTING LIGHT
NOT PART OF DEVELOPMENT
The One �Only
PAD SITE SIZE (Ac)4 1.25 1.1176 1.0787 1.0949 1.66710 1.59711 2.79912 1.0113 1.305
“At Lease”Available For LeaseAvailable Pad Sites
Jay HS
Lackland HS
Southwest HS
Warren HS
Stevens HS
Brennan HS
³±1604
POTRANCO RD
RAY
ELLISON BV
PEARSALL RD
CULEBRA RD
OLD HWY 90 W
REED RD
MILITARY DR W
MACDONA LACOSTE
RAYELLISON BV
FM 1957
INGRAM RD
MILITARY DR W
MILITA
RY D
R S
W
CO
VE
L R
D
RAYELLISON BV
MARBACH RD
PEARSALL RD
TALLEY RD
MILITARY DR W
NELSON RD
DWYER
MABE
RD
REED RD
KEA
RN
EY
RD
SHEP
HE
RD
RD
FITZHUGH R
D
MILITARYDR W
FM 1957
FM 1957
HU
NT
LAN
EPE
ARSA
LL R
D
MACDONA LACOSTE
KEARNEY RD
GR
OS
EN
BA
CH
ER
QUINTA
NA RD
COMMERCE ST W
JUN
GM
AN
RD
MILITARY DR W
POTRANCO RD
ELLISON DR N
ELLISON DR N
HW
Y 211/TX
RESEAR
CH
PKWY
FM 1957/POTRANCO RD
MAS
TER
SON
RD
MO
NTG
OM
ER
Y R
D
WISEMAN BLVD
LACKLAND AFB
LACKLANDAFB
ANNEX
LACOSTE
CASTROVILLE
10 Miles
5 Miles
TrophyRidge
Hillcrest
ChestnutSprings
Enclave atLakeside
MonticelloRanch
SundanceRidge
Gordon'sGrove
LackLandHeights
WestOak Estates
Sienna Park
WestcreekEast
Providence
Canyon Crossing
EnclaveWestover
Hills
Westbury Place
Providence
Canyon Crossing
EnclaveWestover
Hills
Bella Vista
StevensRanch/Park
RedbirdRanch/Summit
ArcadiaRidgeMDP
PotrancoRanch
AftonOaks/Enclave
Overlook atMedio Creek
Fronterra atWestpoint
Tamaron
La Ventana
StoneCreek
WolfCreek
Heather'sCove
RusticOaks
Trailsof Briggs
RanchLadera
KriewaldPlace
Weston Oaks
Luckey Ranch
Masterson335 Freedom
Hill
AshtonPark
AmberCreek
WestPointe
Gardens
WestPoint East
MDP
HerlachFarms
ChampionsPark
Hillcrest
Laurel MtnRanch
Lakeview
Briggs Ranch
MountainLaurelRanch
Johnson 328
Overlook AtMedio Creek
MacdonaHeights
Trophy Ridge
MesaCreek
Amhurst
MarbachPlace
EstoniaEstates
Carmona Hills
Alamo Ranch
ApplewoodRanch
MastersonRoadMDP
DoveCanyon
TresLaurels
Point Vista
MedinaSprings
Stone Hill
MilestoneDev
U-Bar Ranch
TRPRes II423 Ac
TRP ResI 48 Ac
Stonehill
WestpointeEast
SamVesper
Milestone
Rafter "O"Ranch
WestPointeWest
WestPointeEast
The Orchard
AlsatianFarms
Straus-MedinaRanch
H Guiterrez
Stransky- 570 Acres
MountLaurelTract
CitiCorp
QVCTakataSeatbelts
TexasResearch
Park
SouthwestBiomed
NationalSecurity
Hilton Resort
Nationwide
WestoverMedical
Park
Santa RosaHealthcare
§̈¦35
§̈¦410
³±471
³±1957
Subject Site
5 Mile Trade Area
Subdivision Phase
Active
Pre-Planning
Proposed Thoroughfares
Incorporated Cities
County Line
← 13.6 MI →(SITE TO CASTROVILLE)
£¤90
0 1 2Miles
Map prepared by Wendell Davis & Associates11.2016 210.804.1919
± 1 " = 6,000 'SCALE
Dove Creek Trade Area
DYNAMIC EMPLOYMENT CENTER• Westover Hills employs more than 28,000 people (5 miles)• Fortune 500 companies include JPMorgan Chase, Wells Fargo, Kohl’s,
Nationwide and Allstate (5 miles)• Major regional employers are SeaWorld San Antonio, Southwest Research
Institute, Christus Santa Rosa Healthcare and Frost Bank (5 miles)• JBSA-Lackland is home to more than 37,000 Air Force personnel (9 miles)• New 1M SF data center development for Microsoft coming to Texas Reseach
Park (6 miles)• New GM Financial operations center will bring up to 700 new jobs (2 miles)
ROBUST FAR WEST HOUSING MARKET• Features the MSA’s top three ZIP codes for home sales (78254, 78253, 78245) • 1 out of every 3 San Antonio homes under construction is within 5 miles• Fastest annual growth (7.1%) in new construction starts • Highly desirable communities of Luckey Ranch, Briggs Ranch, Stevens Ranch,
Bella Vista and Redbird Ranch• 17,000 existing multifamily units and nearly 1,200 additional units currently
under construction
BOOMING DEMOGRAPHICS• One-Mile Population
» 28.1% growth since 2010 » Projected growth of 10.14% over the next five years » Average age: 32 years old
• One-Mile Households » 28% increase since 2010 » Average household income: $91,657 » Average household size: 3.2 people
INFRASTRUCTURE IMPROVEMENTS• Construction underway on major road expansions:
» $93M project to create a four-lane expressway along Loop 1604 from US 90 to Potranco Road
» Separate $93M project to create a four-lane expressway along Loop 1604 from Potranco Road to Culebra Road
» Five-lane expansion of Potranco Road from Loop 1604 to SH 211 underway• Expansion of State Highway 211 from Potranco Road to Culebra Road
scheduled to begin in late 2018
TRADE AREA MAPDOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
WEST LOOP 1604 RETAIL CENTERS
5.2 MILES
4.6
MIL
ES
4.1 MILES
35
37
10
410
10
10
1604
1604
1604 151
281
281
90
410
4.8
MIL
ESCBD
POTRANCO ROAD
CULEBRA ROAD
BAND
ERA RO
AD
Source: CoStar (2018 estimates)
N
Three-Mile DemographicsLoop 1604 @ Interstate 10Average Age (in years) 33.8Median Household Income $65,294Average Household Income $88,954No. of Households 25,9612018 Estimated Population 64,504Estimated Population Growth (2010 - 2018) 30.18%Projected Population Growth (2018 - 2023) 10.35%
Loop 1604 @ Bandera RoadAverage Age (in years) 35.1Median Household Income $80,775Average Household Income $95,659No. of Households 36,0932018 Estimated Population 104,592Estimated Population Growth (2010 - 2018) 9.91%Projected Population Growth (2018 - 2023) 7.93%
Loop 1604 @ Culebra RoadAverage Age (in years) 33.5Median Household Income $74,355Average Household Income $88,434No. of Households 34,7382018 Estimated Population 104,432Estimated Population Growth (2010 - 2018) 23.54%Projected Population Growth (2018 - 2023) 9.65%
Loop 410 @ Highway 151Average Age (in years) 33.3Median Household Income $52,416Average Household Income $62,616No. of Households 40,9222018 Estimated Population 120,675Estimated Population Growth (2010 - 2018) 16.43%Projected Population Growth (2018 - 2023) 8.80%
Loop 1604 @ Potranco RoadAverage Age (in years) 32.6Median Household Income $72,476Average Household Income $82,091No. of Households 26,9062018 Estimated Population 84,730Estimated Population Growth (2010 - 2018) 12.80%Projected Population Growth (2018 - 2023) 8.33%
DOVE CREEKTHE SHOPS AT
1
2
3
4
1
2
3
4
DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
INCOME MAP
SITE
Potranco Market
DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
AREA DEMOGRAPHICS
1-mile 3-mile 5-milePopulation2025 Projection 10,002 96,362 210,7692020 Estimate 9,211 90,540 196,1022010 Census 6,702 77,647 155,802Growth 2020- 2025 8.59% 6.43% 7.48%Growth 2010 - 2020 37.44% 16.60% 25.87%
2020 Population by AgeAge 0 - 4 735 7.98% 7,125 7.87% 15,055 7.68%Age 5 - 9 752 8.16% 7,270 8.03% 15,237 7.77%Age 10 - 14 769 8.35% 7,535 8.32% 15,576 7.94%Age 15 - 19 739 8.02% 7,363 8.13% 15,096 7.70%Age 20 - 24 671 7.28% 6,867 7.58% 14,480 7.38%Age 25 - 29 707 7.68% 7,242 8.00% 15,904 8.11%Age 30 - 34 746 8.10% 7,300 8.06% 16,159 8.24%Age 35 - 39 775 8.41% 7,311 8.07% 15,876 8.10%Age 40 - 44 701 7.61% 6,478 7.15% 13,852 7.06%Age 45 - 49 654 7.10% 6,039 6.67% 12,964 6.61%Age 50 - 54 525 5.70% 4,972 5.49% 10,816 5.52%Age 55 - 59 447 4.85% 4,437 4.90% 9,779 4.99%Age 60 - 64 336 3.65% 3,515 3.88% 7,870 4.01%Age 65 - 69 256 2.78% 2,703 2.99% 6,225 3.17%Age 70 - 74 186 2.02% 1,920 2.12% 4,593 2.34%Age 75 - 79 110 1.19% 1,169 1.29% 2,957 1.51%Age 80 - 84 61 0.66% 701 0.77% 1,892 0.96%Age 85+ 43 0.47% 593 0.65% 1,7773 0.90%
Age 65+ 656 7.12% 7,086 7.83% 17,440 8.89%
Median Age 31.60 31.30 32.10Average Age 32.30 32.50 33.30
DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
AREA DEMOGRAPHICS
1-mile 3-mile 5-mileHouseholds by Marital StatusMarried 1,852 16,787 34,744Married No Children 735 7,304 15,968Married w/Children 1,117 9,483 18,776
2020 Population by EducationSome High School, No Diploma 390 6.64% 4,776 8.15% 13,688 10.59%High School Grad (Incl Equivalency) 1,298 22.09% 12,959 22.12% 31,469 24.35%Some College, No Degree 2,280 38.81% 22,000 37.55% 44,728 34.61%Associate Degree 331 5.63% 4,202 7.17% 8,591 6.65%Bachelor Degree 911 15.51% 9,477 16.18% 20,180 15.61%Advanced Degree 665 11.32% 5,168 8.82% 10,594 8.20%
2020 Worker Travel Time to Job<30 Minutes 2,868 663.37% 26,336 58.37% 55,562 58.05%30-60 Minutes 1,414 31.24% 15,952 35.35% 34,288 35.82%60+ Minutes 244 5.39% 2,834 6.28% 5,862 6.12%
2020 Average Household Size 3.20 3.10 3.00
Households2025 Projection 3,153 30,746 69,2522020 Estimate 2,908 28,908 64,4622010 Census 2,116 24,603 50,742Growth 2020 - 2025 8.43% 6.36% 7.43%Growth 2010 - 2020 37.43% 17.50% 27.04%
2020 Occupied Housing 2,908 28,908 64,462Owner Occupied 2,382 81.91% 20,752 71.79% 42,920 66.58%Renter Occupied 526 18.09% 8,156 28.21% 21,542 33.42%
DOVE CREEKTHE SHOPS AT
ERIC LUNDBLAD, CCIM210.918.6402 direct 210.273.2946 cell [email protected]
JOSH RENEAU210.918.6389 direct 210.254.6565 cell [email protected]
AREA DEMOGRAPHICS
1-mile 3-mile 5-mile2020 Households by Household Income<$25,000 232 7.98% 2.948 10.20% 9,164 14.22%$25,000 - $50,000 338 11.62% 5,553 19.21% 14,358 22.27%$50,000 - $75,000 581 19.97% 6,571 22.73% 13,727 21.29%$75,000 - $100,000 713 24.51% 5,399 18.68% 10,117 15.69%$100,000 - $125,000 468 16.09% 3,623 12.53% 6,996 10.85%$125,000 - $150,000 219 7.53% 2.005 6.94% 4,648 7.21%$150,000 - $200,000 238 8.18% 1,862 6.44% 3,417 5.30%$200,000+ 120 4.13% 947 3.28% 2,035 3.16%
2020 Average Household Income $95,002 $84,380 $78,5412020 Median Household Income $85,641 $72,716 $66,001
2020 Housing Value<$100,000 57 2.39% 2,097 10.10% 6,236 14.53%$100,000 - $200,000 1,040 43.66% 11,960 57.63% 20,939 48.78%$200,000 - $300,000 1,141 47.90% 5,272 25.40% 10,876 25.34%$300,000 - $400,000 89 3.74% 698 3.36% 3,431 7.99%$400,000 - $500,000 0 0.00% 368 1.77% 909 2.12%$500,000 - $1,000,000 5 0.21% 169 0.81% 207 .48%$1,000,000+ 50 2.10% 189 0.91% 324 .75%
2020 Median Home Value $208,238 $169,226 $172,710
Built 2010+ 863 29.01% 5,334 17.94% 14,677 21.96%Built 2000 - 2010 1,473 49.68% 13,498 45.40% 24,026 35.95%Built 1990 - 1999 275 9.27% 3,680 12.38% 8,961 13.41%Built 1980 - 1989 252 8.50% 4,604 15.48% 9,118 13.64%Built 1970 - 1979 83 2.80% 2,262 7.61% 5,735 8.58%Built <1949 9 .30% 78 .26% 345 .52%
2020 Median Year Built 2005 2002 2001
11-2-2015
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informa on about
brokerage services to prospec ve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage ac vi es, 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 informa on about the property or transac on received by the broker; • Answer the client’s ques ons and present any o er to or counter-o er from the client; and • Treat all par es to a real estate transac on 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 wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on 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 wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:
• Must treat all par es to the transac on impar ally and fairly; • May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. • Must not, unless speci cally authorized in wri ng to do so by the party, disclose:
that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con den al informa on or any other informa on that a party speci cally instructs the broker in wri ng 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 transac on 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 rst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s du es and responsibili es to you, and your obliga ons under the representa on 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 no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No. Email Phone
Designated Broker of Firm License No. Email 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
Informa on available at www.trec.texas.gov IABS 1-0
Date
Endura Advisory Group, GP, LLC 581037 [email protected] (210) 366-2222
James G. Lundblad 337803 [email protected] (210) 366-2222
James G. Lundblad 337803 [email protected] (210) 366-2222
Eric Lundblad 584796 [email protected] (210) 366-2222
11-2-2015
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informa on about
brokerage services to prospec ve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage ac vi es, 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 informa on about the property or transac on received by the broker; • Answer the client’s ques ons and present any o er to or counter-o er from the client; and • Treat all par es to a real estate transac on 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 wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on 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 wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:
• Must treat all par es to the transac on impar ally and fairly; • May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. • Must not, unless speci cally authorized in wri ng to do so by the party, disclose:
that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con den al informa on or any other informa on that a party speci cally instructs the broker in wri ng 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 transac on 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 rst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s du es and responsibili es to you, and your obliga ons under the representa on 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 no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No. Email Phone
Designated Broker of Firm License No. Email 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
Informa on available at www.trec.texas.gov IABS 1-0
Date
Endura Advisory Group, GP, LLC 581037 [email protected] (210) 366-2222
James G. Lundblad 337803 [email protected] (210) 366-2222
James G. Lundblad 337803 [email protected] (210) 366-2222
Josh Reneau 584796 [email protected] (210) 366-2222