Shreve City Shopping Center - Shreveport, LA

SHREVE CITY SHOPPING CENTER

SHREVEPORT, LA


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2This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Shreve City Shopping Center

Offering Summary

Price $25,745,000

Down Payment $12,287,920

Financing Assumption

Cap Rate 7.75%

Net Operating Income $1,995,322

Price PSF $75.51

Occupancy 89.3%

Year Built/Refurbished 2015

Gross Leasable Area 340,926 SF

Lot Size 29.2 Acres

1253 Shreveport Barksdale HighwayShreveport, LA 71105

exiSting financing - aSSumptiOn

Original Amount $14,900,000

Loan Balance (As of April 2016) $13,457,080

Type Non Recourse

Due Date May 2022

Term 10 Years

Amortization 30 Years

Rate 4.87%

NOTE: Contact agent to inquire about seller’s mezzanine finance options.


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PRICING & FINANCIAL ANALYSIS

expenSeS current pSfReal Estate Taxes $336,108 $0.99

Insurance $65,592 $0.19

CAM

Landscaping $29,800 $0.09

Pressure Washing $2,365 $0.01

Sweeping $30,204 $0.09

Walkway Maint./Repairs $17,181 $0.05

Painting $4,000 $0.01

Plumbing $340 $0.00

Bldg. Maint./Repairs $1,985 $0.01

Electrical Maint./Repairs $8,561 $0.03

Fire Protection $1,706 $0.01

Electricity $22,688 $0.07

Trash Disposal $10,392 $0.03

Roof Repairs $16,753 $0.05

Parking Lot Repairs $44,166 $0.13

Total CAM $190,141 $0.56

Management Fee (% of GPI) 3.25% $86,907 $0.25

TOTAL EXPENSES $678,748 $1.99

incOme & expenSeS current pSf

Base Rent - Occupied Space 89.3% $2,257,129 $6.62

Base Rent - Lease Up Space $0 $0.00

GROSS RENTAL REVENUE $2,257,129 $6.62

Percentage Rent & Signage/Misc. Income $9,351 $0.03

GROSS POTENTAL REVENUE $2,266,480 $6.65

Exp. Reimb.

Real Estate Taxes $249,474 $0.73

Insurance $64,715 $0.19

CAM $22,081 $0.06

Mgmt. Fee $71,321 $0.21

Total Exp. Reimb. $407,591 $1.20

GROSS POTENTIAL INCOME $2,674,070 $7.84

Vacancy Factor 0.00% $0 $0.00

EFFECTIVE GROSS INCOME $2,674,070 $7.84

Expenses

Real Estate Taxes ($336,108) ($0.99)

Insurance ($65,592) ($0.19)

CAM ($190,141) ($0.56)

Mgmt. Fee (% of GPI) 3.25% ($86,907) ($0.25)

Total Expenses ($678,748) ($1.99)

NET OPERATING INCOME $1,995,322

NOTE: Annual Rent is based on a 12-Month forward commencing on July 2016 and includes any tenant rent escalations during such time.


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RENT ROLL

Suite tenant Sq ft% Of Sq ft

Start endcurrent

annual rentpSf

eScalatiOn date

eScalatiOn amOunt

OptiOnSleaSe

type

1203 That Big Burger Place 1,500 0.4% 5/30/2007 5/31/2017 $24,000 $16.00 - - - NNN(1)

1205 Daiquiri Express 1,200 0.4% 5/1/1997 5/31/2017 $19,200 $16.00 - - - NNN(2)

1207 What's on Tap 1,500 0.4% 8/14/1999 5/31/2017 $24,000 $16.00 - - - NNN(3)

1215 Dollar Tree 9,954 2.9% 7/8/2011 9/30/2026 $84,609 $8.50 8/1/2016 $9.00 1 x 5 NNN(4)

1217 D-Bat 15,246 4.5% 7/1/2016 6/30/2026 $60,984 $4.00 8/1/2019 $4.40 2 x 5 -

1219 Citi Trends 12,500 3.7% 11/9/2002 11/30/2017 $100,000 $8.00 12/1/2017 $9.00 1 x 5 Fixed NNN(5)

1227 Career Technical College 31,987 9.4% 2/1/2005 4/30/2020 $479,805 $15.00 5/1/2017 $15.30 - NNN(6)

1239 Burlington Coat Factory 101,789 29.9% 3/7/2006 4/30/2021 $458,051 $4.50 5/1/2021 $4.75 3 x 5 Base Year(7)

1255 Vacant 4,900 1.4% - - - - - - - -

1265A Vacant 18,935 5.6% - - - - - - - -

1265B Hollywood Furniture 12,750 3.7% 1/1/2008 6/30/2016 $63,750 $5.00 - - - NNN(8)

1267 Vacant 3,000 0.9% - - - - - - - -

1271 Jo-Ann's 16,350 4.8% 9/15/1996 1/31/2018 $114,450 $7.00 2/1/2016 $7.50 1 x 2 Gross

1271A-1273 Hibbett Sports 7,800 2.3% 7/27/2015 12/31/2020 $81,900 $10.50 1/1/2021 $11.50 3 x 5 NNN(9)

1273 Vacant 600 0.2% - - - - - - - -

1275 Vacant 4,800 1.4% - - - - - - - -

1277 Vacant 2,400 0.7% - - - - - - - -

1279 California Nails 2,400 0.7% 3/1/2007 2/28/2017 $28,800 $12.00 3/1/2017 FMV 1 x 5 NNN(10)

1293 Big Lots 30,000 8.8% 11/20/1995 10/31/2020 $150,000 $5.00 11/1/2020 $5.50 2 x 5 Base Year(11)

1293B Goodwill 15,895 4.7% 7/10/1999 7/31/2019 $102,205 $6.43 8/1/2016 $6.93 1 x 5 NNN(12)

1295A Studio NiJay 855 0.3% 5/1/2016 7/31/2019 $7,695 $9.00 8/1/2019 $9.90 1 x 3 NNN(13)

1295B CitiFinancial 2,496 0.7% 4/16/1993 MTM $36,192 $14.50 - - - NNN(14)

1297 Ocean Dental 8,062 2.4% 10/6/2009 10/31/2019 $115,287 $14.30 11/1/2019 $15.73 2 x 5 NNN(15)

1297A Vacant 1,725 0.5% - - - - - - - -

Pad 1103 Mattress Plus 14,040 4.1% 8/1/2003 7/31/2021 $91,260 $6.50 8/1/2016 $7.50 - NNN(16)


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LEASE NOTES

nOteS

1. That Big Burger Place Includes mgmt. fee and 15% of CAM admin. fee

2. Daiquiri Express Includes mgmt. fee and 15% of CAM admin. fee

3. What’s on Tap Includes mgmt. fee and 15% of CAM admin. fee

4. Dollar Tree Annual CAM cap of 5% excluding snow removal and utilities; excludes mgmt. fee and admin. fee

5. Citi Trends, Inc. Fixed CAM, Tax, and Insurance reimbursement of $.80 psf

6. Career Technical College Includes mgmt. fee and 15% of CAM admin. fee

7. Burlington Coat Factory Base Year Stop for CAM, Tax, and Insurance reimbursement; excludes mgmt. fee and admin. fee

8. Hollywood Furniture Includes mgmt. fee and 15% of CAM admin. fee

9. Hibbett Sports 1st year expense cap of $1.74psf; annul CAM cap of 5% excluding snow removal and utilities thereafter; excludes mgmt. fee and includes 10% of CAM admin. fee

10. California Nails Includes mgmt. fee and 15% of CAM admin. fee

11. Big Lots Base Year Stop for CAM, Tax, and Insurance reimbursement; includes mgmt. fee and 15% of CAM admin. fee

12. Goodwill Includes mgmt. fee and 15% of CAM admin. fee

13. CitiFinancial CAM not to exceed $1.00psf for the 1st Lease year, and not to increase more than 10% every 5 years thereafter; excludes mgmt. fee and includes 10% of CAM admin. fee

14. Studio NiJay Includes mgmt. fee and 15% of CAM admin. fee

15. Ocean Dental Excludes mgmt. fee and includes 10% of CAM admin. fee

16.. Mattress Plus Includes mgmt. fee and 15% of CAM admin. fee

17. Guy’s Academy Includes mgmt. fee and 15% of CAM admin. fee

18. Capital One Excludes mgmt. fee and includes 15% of CAM admin. fee

19. Wendy’s Excludes mgmt. fee and includes 15% of CAM admin. fee

Suite tenant Sq ft% Of Sq ft

Start endcurrent

annual rentpSf

eScalatiOn date

eScalatiOn amOunt

OptiOnSleaSe

type

Pad 1141 Guy's Academy 10,260 3.0% 12/9/2003 12/31/2019 $92,400 $9.01 1/1/2020 $9.82 1 x 5 NNN(17)

Pad 1201 Capital One 5,000 1.5% 10/5/1961 10/31/2016 $60,000 $12.00 - - - NNN(18)

Pad 1287 Wendy's 2,982 0.9% 7/13/1998 7/31/2018 $36,225 $12.15 8/1/2018 $13.97 3 x 5 NNN(19)

Occupied 304,566 89.3% $2,230,812

Vacant 36,360 10.7%

Total 340,926 100.0%


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TENANT INFORMATION

Burlington Coat Factory Warehouse Corporation (now commonly referred to simply as Burlington Stores, Inc.) is an American national off price retailer, with 540 stores in 44 states and Puerto Rico, with its corporate headquarters located in Burlington Township, New Jersey. In 2006, it was acquired by Bain Capital in a take-private transaction and in 2008, Tom Kingsbury became President and CEO. The company went public again in 2013.

tenant Overview

Tenant Burlington Stores, Inc.

Ownership Public (NYSE: BURL)

Years In Business 44 Years

Number of Locations 540+

Headquarters Burlington Township, NJ

Website www.burlingtoncoatfactory.com

Jo-Ann Stores, Inc. is a specialty retailer of crafts and fabrics based in Hudson, Ohio. It operates the retail chains Jo-Ann Fabric and Jo-Ann Etc. The headquarters of the company is located in the former General Motors Terex plant. In 1969, Jo-Ann Fabrics became a publicly held corporation traded on the American Stock Exchange under the name of Fabri-Centers of America, Inc. During the 1970s, Jo- Ann Fabrics opened stores in shopping malls; by the 1980s, they had left most malls and added crafts and floral. In 1994, the company made its first acquisition with the purchase of Cloth World, a 342-store southern company; at the time of the acquisition, Fabri-Centers operated 655 stores.

tenant Overview

Tenant Jo-Ann Stores, Inc.

Ownership Private



Headquarters Hudson, OH

Website www.joann.com


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TENANT INFORMATION

Big Lots, Inc. is an American retail company and is a Fortune 500 retail corporation headquartered in Columbus, Ohio, incorporated in the State of Ohio. Big Lots has over 1,400 stores in 48 states. Its department stores sell a wide variety of merchandise, including packaged food and beverages, toys, furniture, clothing, housewares, and small electronics, much of which is closed out or overstocked merchandise. Many of the items in these stores sell out quickly: in the store one day, but gone the next, with no replenishments coming. Many other items, such as foodstuffs, are stocked continually. In many cases, Big Lots uses buildings formerly occupied by other stores.

tenant Overview

Tenant Big Lots, Inc.

Ownership Public (NYSE: BIG)


Number of Locations 1,400+

Headquarters Columbus, OH

Website www.biglots.com

Citi Trends is an American retail clothing chain. The company opened its first store in Savannah, Georgia in 1958 under the name Allied Department Stores. The company began renaming its stores Citi Trends in 2000, and officially became Citi Trends in 2001. Citi Trends comprises more than 515 stores in 31 states. The chain is known for targeting urban, lower-income customers. Citi Trends has been in the apparel business for over 58 years. On the date of May 2005, Citi Trends had become a publicly traded company on the NASDAQ exchange with the symbol CTRN. The headquarters of Citi Trends is located in Savannah, Georgia. There is also a distribution center in Darlington, South Carolina along with one in Roland, Oklahoma. On February 28, 2005, Citi Trends Inc. went public in an initial public offering of stock worth up to $57.5 million.

tenant Overview

Tenant Citi Trends, Inc.

Ownership Public (NASDAQ: CTRN)



Headquarters Savannah, GA

Website www.cititrends.net


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INVESTMENT HIGHLIGHTS

• 340,000 Square Foot Triple-Net Community Retail Center

• Currently 89.3% Occupied with Upside Through Leasing of Available Space and Ability to Build on an Out-lot Parcel to Increase Overall Returns

• Over 60% National Tenants with Staggered Lease Turnover

• Anchored by Big Lots, Burlington Coat Factory, Dollar Tree, Citi Trends, and JoAnn Fabrics

• Shadow Anchored to a New 200,000 sq ft Walmart Supercenter

• 18% Plus IRR with Assumption of Existing Financing

• Priced Below Replacement Cost – Low Price per Square Foot - $75 psf

• 142,000 People in the Surrounding Area – Located in a Stabilized Marketplace

• Traffc Counts Exceed 30,000 Vehicles Per Day

• Shreveport is Economic Center For Business & Tourism within 200 Miles


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SITE PLAN


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AERIAL MAP

MALL ST. VINCENT

THE OUTLETS ATLOUISIANA BOARDWALK

Barksdale Air Force

Base


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LOCAL MAP


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REGIONAL MAP


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MARKET SUMMARY

SHREVEPORT, LA

Situated in the northeast corner of Louisiana, the Shreveport-Bossier City metro area consists of three parishes. The metro is bordered by the states of Texas on the west, and Arkansas to the north and is considered the economic and cultural center of the Ark-La-Tex area. The Red River runs through the metro, separating Shreveport and Bossier City. Shreveport is also home to Barksdale Air Force Base with over 10,000 active duty personel and employees.

The Shreveport-Bossier City metro encompasses Caddo, Bossier and De Soto Parishes and has a population of 407,300 Caddo Parish is the most populous with nearly 258,400 residents, followed by Bossier Parish with 122,000 citizens. Shreveport is the largest city, with a population of approximately 200,000 people.

Strategically located at the crossroads of interstates 20 and 49, and along the proposed NAFTA superhighway,

the metro is a hub of intermodal transportation. Air service is provided by Shreveport Regional Airport and Shreveport Downtown Airport, a general aviation/reliever airport. Three Class 1 railways, BNSF, Union Pacific and Kansas City Southern Railway, traverse Northern Louisiana, while three short line railways offer additional service. The Union Pacific Railroad provides rail access to the Port of Caddo-Bossier, which is situated four miles southeast of Shreveport. The port can access deep water ports in southern Louisiana via the Mississippi River as well as the Port of Houston through the Atchafalaya River. Local public transportation is provided by SporTran.

The Shreveport - Bossier metro Area is a major hub for both medical and intermodel transportation. With numerous riverboat gambling casinos, gaming opprtunities and the Louisiana Boardwalk, tourism has become a large economic engine for the metro area.


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DEMOGRAPHIC SUMMARY

PoPulation

HouseHolds

income

Race and etHnicity

Housing

emPloyment

Geography: 5 miles

In the identified area, the current year population is 142,651. The rate of change since 2000 was 1.6%. The five-year projection for the population in the area is 146,227 representing a change of 2.5% from 2015 to 2020. Currently, the population is 48.3% male and 51.7% female. The median age in this area is 34.7, compared to the U.S. median agoe of 37.9.

There are currently 59,664 households in your selected georgraphy. The number of households has changed by 5.3% since 2000. It is estimated that the number of households in your area will be 61,315 five years from now, which represents a change of 2.8% from the current year. The average household size in your area is 2.31 persons.

In 2015, the median household income for your selected georgraphy is $39,340, compare this to the Entire U.S. average, which is currently $53,217. It is estimated that the median household income in your area will be $43,585 five years from now, which represents a change of 10.8% from the current year.

The current year per capita income in your area is $24,945 compare this to the Entire U.S. average, which is $28,597. The current year average household income in your area is $58,696, compare this to the Entire U.S. average, which is $74,699.

The current year racial makeup of your selected area is as follows: 50.9% White, 41.2% Black, 0.5% Native American and 2.3% Asian/Pacific Islander. Compare these to the Entire U.S. Averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 5.9% of the current year population in your selected area. Compare this to the Entire U.S. average of 17.6%.

In 2015, there were 28,187 owner occupied housing units in your area and there were 31,477 renter occupied housing units in your area. Median home value in the area is $166,829, compared to a median home value of $200,006 for the U.S.

In 2015, there are 62,472 employees in your selected area, this is also known as the daytime population. Currently, 56.0% of employees are employed in white-collar occupations in this geography, and 19.1% are employed in blue-collar occupations. In 2015, unemployment in this area is 9.0%.

Demographic data © 2016 esri


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DEMOGRAPHIC STATISTICS

traffic cOuntS

incOme 1 mile 3 mileS 5 mileS

$ 0 - $14,999 13.4% 14.9% 19.6%

$ 15,000 - $24,999 13.1% 11.8% 13.3%

$ 25,000 - $34,999 13.7% 12.3% 11.7%

$ 35,000 - $49,999 16.8% 16.3% 14.9%

$ 50,000 - $74,999 18.2% 19.2% 16.6%

$ 75,000 - $99,999 11.4% 11.2% 9.4%

$100,000 - $149,999 8.7% 7.8% 7.8%

$150,000 - $199,999 2.0% 3.0% 3.2%

$200,000 + 2.8% 3.4% 3.5%

2015 Median Household Income $42,558 $43,925 $39,340

2015 Per Capita Income $28,205 $26,934 $24,945

2015 Average Household Income $57,824 $61,303 $58,696

pOpulatiOn 1 mile 3 mileS 5 mileS

2000 Population 7,157 64,540 140,313

2010 Population 7,917 66,982 139,730

2015 Population 7,986 68,304 142,651

2020 Population 8,095 69,980 146,227

HOuSeHOldS 1 mile 3 mileS 5 mileS

2000 Households 3,595 27,572 56,528

2010 Households 3,885 28,946 58,121

2015 Households 3,868 29,522 59,664

2020 Households 3,909 30,268 61,315

2015 Daytime Population 4,297 31,791 62,472

2015 Average Household Size 1.99 2.22 2.31

2010 Owner Occupied Housing Units 31.2% 47.2% 46.7%

2010 Renter Occupied Housing Units 61.6% 44.1% 43.8%

2010 Vacant 7.2% 8.7% 9.5%



2015 Vacant 10.6% 10.1% 10.7%



2020 Vacant 11.8% 10.5% 11.0% 10,395

23,505

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

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.

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 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.

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

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.

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

Information About Brokerage Services

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:

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.

(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 than 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.

exclusively listed

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Shreve City Shopping Center - Shreveport, LA