SVN | Trinity Advisors | 3000 Race Street, Suite 100, Fort Worth, TX 76111 OFFERING MEMORANDUM
BAKER OFFICEBUILDING6821 BAKER BLVDRICHLAND HILLS, TX 76118
Steve Fithian, CCIM, CPM, SECManaging [email protected]
Carl Brown, CCIM, RPAProperty Manager/Leasing [email protected]
6821 Baker Blvd | Richland Hills, TX 76118
PROPERTY INFORMATIONFOR SALE | OFFICE
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1 PROPERTY INFORMATIONPROPERTY
INFORMATION6821 Baker Blvd
Richland Hills, TX 76118
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 2
OFFERING SUMMAROFFERING SUMMARYY
Sale Price: $295,000
Lot Size: 0.4 Acres
Year Built: 1963
Building Size: 4,025
Market: Fort Worth
Submarket: NE Tarrant County
Price / SF: $73.29
High quality brick construction office building. Ideal for investment or owner-user.
PROPERPROPERTTY OY OVERVERVIEWVIEW
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• Great Visibility and Signage from Street
• 20 minutes to DFW airport
• Well-Maintained Building
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 3
Executive Summary
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 4
High quality brick construction office building. Ideal for investment or owner-user.
PROPERPROPERTTY OY OVERVERVIEWVIEW
Within 5 minutes drive from highway 121, 820 & 183. Easy access. Good visibility.
LLOCOCAATION OTION OVERVERVIEWVIEW
Property Description
SSALE PRICEALE PRICE $295,$295,000000
LLOCOCAATION INFTION INFORMAORMATIONTION
Building Name Baker Office Building
Street Address 6821 Baker Blvd
City, State, Zip Richland Hills, TX 76118
County/Township Tarrant
Market Fort Worth
Submarket NE Tarrant County
Cross Streets W. Hurst Blvd.
BUILDING INFBUILDING INFORMAORMATIONTION
Building Size 4,025 SF
Building Class B
Tenancy Multiple
Number Of Floors 1
Average Floor Size 4,025 SF
Year Built 1963
Roof Composition
Free Standing Yes
Walls Drywall
Floor Coverings Carpet, Laminate
Exterior Walls Brick Veneer
Foundation Slab
PROPERPROPERTTY DETY DETAILSAILS
Property Type Office
Property Subtype Office Building
Lot Size 17,250 SF
APN# 01201921
Lot Frontage 112
Lot Depth 157
Corner Property Yes
PPARKING & TRANSPORARKING & TRANSPORTTAATIONTION
Number Of Spaces 16
Parking Description Assigned Parking
UTILITIES & AMENITIESUTILITIES & AMENITIES
Central HVAC Electric
Utilities Description Central Air-Elec, Central Heat-Gas, City Sewer, City Water,
Master Gas Meter, Master Water Meter, Overhead Utilities
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 5
Property Details
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 6
Additional Photos
Baker Office Building
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 7
Regional Map
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 8
Location Maps
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 9
Financials
Baker Office Building
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 10
Aerial Map
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 11
Survey
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 12
Site Plan
INVESINVESTMENT OTMENT OVERVERVIEWVIEW
Price $295,000Price per SF $73.29CAP Rate -Cash-on-Cash Return (yr 1) - %Total Return (yr 1) -Debt Coverage Ratio -
OPERAOPERATING DTING DAATTAA
Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income -Operating Expenses -Net Operating Income -Pre-Tax Cash Flow -
FINANCING DFINANCING DAATTAA
Down Payment -Loan Amount -Debt Service -Debt Service Monthly -Principal Reduction (yr 1) -
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 13
Financial Summary
INCINCOME SUMMAROME SUMMARYY PER SFPER SF
GrGross Ioss Incncomeome -- --
EXPENSE SUMMAREXPENSE SUMMARYY PER SFPER SF
GrGross Expensesoss Expenses -- --
NNeet Opert Operaating Iting Incncomeome -- --
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 14
Income & Expenses
1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total population 9,095 76,558 232,367
Median age 37.9 36.3 35.1
Median age (male) 34.8 34.3 33.9
Median age (female) 40.7 38.3 36.4
Total households 3,311 29,403 88,554
Total persons per HH 2.7 2.6 2.6
Average HH income $59,234 $61,581 $61,330
Average house value $129,817 $132,704 $130,454
* Demographic data derived from 2010 US Census
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 15
Demographics Report
Demographic and Income Profile6821 Baker Blvd, Fort Worth, Texas, 76118 Prepared by EsriRing: 1 mile radius Latitude: 32.80928
Longitude: -97.23529
Summary Census 2010 2017 2022Population 8,259 9,060 9,639Households 3,070 3,349 3,558Families 2,020 2,179 2,298Average Household Size 2.64 2.65 2.66Owner Occupied Housing Units 1,930 1,959 2,055Renter Occupied Housing Units 1,140 1,390 1,503Median Age 37.7 38.3 38.5
Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.25% 1.67% 0.83%Households 1.22% 1.63% 0.79%Families 1.07% 1.58% 0.71%Owner HHs 0.96% 1.58% 0.72%Median Household Income 1.68% 2.23% 2.12%
2017 2022 Households by Income Number Percent Number Percent
<$15,000 326 9.7% 337 9.5%$15,000 - $24,999 394 11.8% 377 10.6%$25,000 - $34,999 322 9.6% 296 8.3%$35,000 - $49,999 534 15.9% 500 14.1%$50,000 - $74,999 762 22.8% 751 21.1%$75,000 - $99,999 436 13.0% 514 14.4%$100,000 - $149,999 368 11.0% 497 14.0%$150,000 - $199,999 105 3.1% 144 4.0%$200,000+ 101 3.0% 140 3.9%
Median Household Income $52,094 $56,627Average Household Income $66,183 $76,345Per Capita Income $25,696 $29,411
Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent
0 - 4 616 7.5% 637 7.0% 675 7.0%5 - 9 557 6.7% 606 6.7% 641 6.7%10 - 14 546 6.6% 568 6.3% 631 6.5%15 - 19 519 6.3% 508 5.6% 557 5.8%20 - 24 482 5.8% 552 6.1% 532 5.5%25 - 34 1,114 13.5% 1,267 14.0% 1,332 13.8%35 - 44 1,080 13.1% 1,139 12.6% 1,257 13.0%45 - 54 1,150 13.9% 1,088 12.0% 1,077 11.2%55 - 64 963 11.7% 1,173 12.9% 1,178 12.2%65 - 74 585 7.1% 808 8.9% 967 10.0%75 - 84 421 5.1% 456 5.0% 542 5.6%
85+ 225 2.7% 257 2.8% 248 2.6%Census 2010 2017 2022
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 6,457 78.2% 6,695 73.9% 6,839 71.0%Black Alone 271 3.3% 354 3.9% 420 4.4%American Indian Alone 89 1.1% 98 1.1% 105 1.1%Asian Alone 182 2.2% 238 2.6% 284 2.9%Pacific Islander Alone 32 0.4% 43 0.5% 52 0.5%Some Other Race Alone 883 10.7% 1,178 13.0% 1,402 14.5%Two or More Races 344 4.2% 454 5.0% 536 5.6%
Hispanic Origin (Any Race) 2,061 25.0% 2,679 29.6% 3,204 33.2%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
July 12, 2017
©2017 Esri Page 1 of 6
Demographic and Income Profile6821 Baker Blvd, Fort Worth, Texas, 76118 Prepared by EsriRing: 1 mile radius Latitude: 32.80928
Longitude: -97.23529
AreaStateUSA
Trends 2017-2022Trends 2017-2022
Ann
ual R
ate
(in
perc
ent)
2.22
1.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20172022
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2017 Household Income 2017 Household Income
<$15K9.7%
$15K - $24K11.8%
$25K - $34K9.6%
$35K - $49K15.9%
$50K - $74K22.8%
$75K - $99K13.0%
$100K - $149K11.0%
$150K - $199K3.1%
$200K+3.0%
2017 Population by Race2017 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2017 Percent Hispanic Origin: 29.6%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
July 12, 2017
©2017 Esri Page 2 of 6
Demographic and Income Profile6821 Baker Blvd, Fort Worth, Texas, 76118 Prepared by EsriRing: 3 mile radius Latitude: 32.80928
Longitude: -97.23529
Summary Census 2010 2017 2022Population 75,330 80,283 84,175Households 29,396 31,078 32,514Families 19,130 20,011 20,807Average Household Size 2.55 2.57 2.58Owner Occupied Housing Units 16,533 16,440 17,060Renter Occupied Housing Units 12,863 14,637 15,454Median Age 35.6 36.4 36.6
Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 0.95% 1.67% 0.83%Households 0.91% 1.63% 0.79%Families 0.78% 1.58% 0.71%Owner HHs 0.74% 1.58% 0.72%Median Household Income 1.40% 2.23% 2.12%
2017 2022 Households by Income Number Percent Number Percent
<$15,000 2,839 9.1% 2,895 8.9%$15,000 - $24,999 3,420 11.0% 3,354 10.3%$25,000 - $34,999 3,695 11.9% 3,420 10.5%$35,000 - $49,999 5,202 16.7% 4,890 15.0%$50,000 - $74,999 6,663 21.4% 6,614 20.3%$75,000 - $99,999 3,807 12.2% 4,390 13.5%$100,000 - $149,999 3,508 11.3% 4,484 13.8%$150,000 - $199,999 1,010 3.2% 1,300 4.0%$200,000+ 934 3.0% 1,166 3.6%
Median Household Income $50,919 $54,580Average Household Income $66,466 $75,312Per Capita Income $25,976 $29,330
Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent
0 - 4 5,704 7.6% 5,644 7.0% 5,959 7.1%5 - 9 5,225 6.9% 5,459 6.8% 5,602 6.7%10 - 14 4,844 6.4% 5,094 6.3% 5,461 6.5%15 - 19 4,857 6.4% 4,702 5.9% 5,045 6.0%20 - 24 5,304 7.0% 5,525 6.9% 5,563 6.6%25 - 34 11,170 14.8% 12,186 15.2% 12,595 15.0%35 - 44 9,995 13.3% 10,146 12.6% 10,997 13.1%45 - 54 10,326 13.7% 9,862 12.3% 9,489 11.3%55 - 64 7,996 10.6% 9,421 11.7% 9,685 11.5%65 - 74 4,919 6.5% 6,711 8.4% 7,685 9.1%75 - 84 3,441 4.6% 3,672 4.6% 4,257 5.1%
85+ 1,550 2.1% 1,861 2.3% 1,836 2.2%Census 2010 2017 2022
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 54,959 73.0% 55,190 68.7% 55,541 66.0%Black Alone 5,704 7.6% 6,962 8.7% 7,901 9.4%American Indian Alone 628 0.8% 655 0.8% 681 0.8%Asian Alone 3,625 4.8% 4,484 5.6% 5,197 6.2%Pacific Islander Alone 210 0.3% 268 0.3% 311 0.4%Some Other Race Alone 7,854 10.4% 9,788 12.2% 11,166 13.3%Two or More Races 2,349 3.1% 2,937 3.7% 3,378 4.0%
Hispanic Origin (Any Race) 20,263 26.9% 24,781 30.9% 28,568 33.9%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
July 12, 2017
©2017 Esri Page 3 of 6
Demographic and Income Profile6821 Baker Blvd, Fort Worth, Texas, 76118 Prepared by EsriRing: 3 mile radius Latitude: 32.80928
Longitude: -97.23529
AreaStateUSA
Trends 2017-2022Trends 2017-2022
Ann
ual R
ate
(in
perc
ent)
2.22
1.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20172022
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2017 Household Income 2017 Household Income
<$15K9.1%
$15K - $24K11.0%
$25K - $34K11.9%
$35K - $49K16.7%
$50K - $74K21.4%
$75K - $99K12.2%
$100K - $149K11.3%
$150K - $199K3.2%
$200K+3.0%
2017 Population by Race2017 Population by Race
Perc
ent
65605550454035302520151050
White Black Am. Ind. Asian Pacific Other Two+
2017 Percent Hispanic Origin: 30.9%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
July 12, 2017
©2017 Esri Page 4 of 6
Demographic and Income Profile6821 Baker Blvd, Fort Worth, Texas, 76118 Prepared by EsriRing: 5 mile radius Latitude: 32.80928
Longitude: -97.23529
Summary Census 2010 2017 2022Population 231,069 247,729 260,202Households 87,145 92,659 97,110Families 58,345 61,437 64,004Average Household Size 2.64 2.66 2.67Owner Occupied Housing Units 52,049 52,383 54,366Renter Occupied Housing Units 35,096 40,276 42,744Median Age 34.3 35.3 35.6
Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 0.99% 1.67% 0.83%Households 0.94% 1.63% 0.79%Families 0.82% 1.58% 0.71%Owner HHs 0.75% 1.58% 0.72%Median Household Income 1.45% 2.23% 2.12%
2017 2022 Households by Income Number Percent Number Percent
<$15,000 8,022 8.7% 8,360 8.6%$15,000 - $24,999 9,755 10.5% 9,601 9.9%$25,000 - $34,999 10,210 11.0% 9,445 9.7%$35,000 - $49,999 14,500 15.6% 13,573 14.0%$50,000 - $74,999 20,116 21.7% 19,842 20.4%$75,000 - $99,999 12,430 13.4% 14,099 14.5%$100,000 - $149,999 11,633 12.6% 14,592 15.0%$150,000 - $199,999 3,585 3.9% 4,587 4.7%$200,000+ 2,408 2.6% 3,012 3.1%
Median Household Income $53,254 $57,215Average Household Income $67,993 $76,517Per Capita Income $25,617 $28,732
Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent
0 - 4 18,414 8.0% 18,203 7.3% 19,080 7.3%5 - 9 17,150 7.4% 17,926 7.2% 18,296 7.0%10 - 14 16,058 6.9% 16,971 6.9% 18,174 7.0%15 - 19 15,463 6.7% 15,365 6.2% 16,571 6.4%20 - 24 15,882 6.9% 16,741 6.8% 16,896 6.5%25 - 34 34,861 15.1% 37,644 15.2% 38,743 14.9%35 - 44 32,052 13.9% 32,695 13.2% 35,345 13.6%45 - 54 32,231 13.9% 31,247 12.6% 30,227 11.6%55 - 64 24,076 10.4% 28,606 11.5% 29,398 11.3%65 - 74 13,270 5.7% 19,077 7.7% 22,252 8.6%75 - 84 8,273 3.6% 9,166 3.7% 11,084 4.3%
85+ 3,338 1.4% 4,087 1.6% 4,136 1.6%Census 2010 2017 2022
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 157,712 68.3% 158,949 64.2% 160,131 61.5%Black Alone 28,495 12.3% 33,922 13.7% 37,942 14.6%American Indian Alone 1,645 0.7% 1,702 0.7% 1,762 0.7%Asian Alone 10,708 4.6% 13,461 5.4% 15,601 6.0%Pacific Islander Alone 495 0.2% 639 0.3% 742 0.3%Some Other Race Alone 24,731 10.7% 30,047 12.1% 33,731 13.0%Two or More Races 7,281 3.2% 9,009 3.6% 10,292 4.0%
Hispanic Origin (Any Race) 64,258 27.8% 76,984 31.1% 87,590 33.7%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
July 12, 2017
©2017 Esri Page 5 of 6
Demographic and Income Profile6821 Baker Blvd, Fort Worth, Texas, 76118 Prepared by EsriRing: 5 mile radius Latitude: 32.80928
Longitude: -97.23529
AreaStateUSA
Trends 2017-2022Trends 2017-2022
Ann
ual R
ate
(in
perc
ent)
2.22
1.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20172022
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2017 Household Income 2017 Household Income
<$15K8.7%
$15K - $24K10.5%
$25K - $34K11.0%
$35K - $49K15.6%
$50K - $74K21.7%
$75K - $99K13.4%
$100K - $149K12.6%
$150K - $199K3.9%
$200K+2.6%
2017 Population by Race2017 Population by Race
Perc
ent
605550454035302520151050
White Black Am. Ind. Asian Pacific Other Two+
2017 Percent Hispanic Origin: 31.1%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
July 12, 2017
©2017 Esri Page 6 of 6
3000 Race Street, Suite 100Fort Worth, TX 76111T 817.288.5524C [email protected] #0407418
PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND
Steve Fithian serves as Senior Advisor and Managing Director for SVN | Trinity Advisors. With over 25 years ofcommercial real estate experience, Fithian specializes in selling and overseeing investment property sales that includemultifamily, mini-warehouse, office, retail, undeveloped land and finished lots. He also organizes, manages, and acts asthe general partner in property partnerships.
Fithian holds the designation of Certified Commercial Investment Member (CCIM) and is the former chairperson of theNorth Texas Chapter CCIM Membership Committee. In 2011, he was named a counselor to the Society of ExchangeCounselors. The Society of Exchange Counselors is a marketing group consisting of approximately 100 investmentbrokers from various parts of the country who have proven their skills at solving clients' problems.
Fithian also is a member of the Texas Association of REALTORS where he was appointed a member of the 2004Regulatory & Private Property Rights Task Force. In addition, he is a member and former chairman of the Society ofCommercial REALTORS in Fort Worth. In 2008, he received the Charles D. Tandy Commercial REALTOR of the Year Award,which is given by the Society of Commercial REALTORS to the REALTOR who best exemplifies the highest professionalstandards for commercial real estate. In 2002, he was awarded the William C. Jennings Award for CommercialTransaction of the Year in Texas by the Texas Association of REALTORS. Fithian has also received several sales awardsfrom SVN including Partner's Circle awards in 2005, 2006, and 2014, and the Achiever's Award in 2007, 2008, 2009 and2010.
Fithian is a licensed broker in Texas and California, and is a certified public accountant. Additionally, he earned aBachelor of Arts in economics with an emphasis in accounting from Claremont McKenna College.
SSTEVE FITHIAN, CTEVE FITHIAN, CCIM, CPM, SECIM, CPM, SECC
Managing Director
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 22
Steve Fithian Bio & Contact
3000 Race Street, Suite 100Fort Worth, TX 76111T 817.915.7742C [email protected]
PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND
Carl Brown, an Advisor for SVN | Trinity Advisors, specializes in commercial property management. From 2007 until 2013,Carl was with Fidelity Asset Management (FAM). His responsibilities covered multiple locations of up to 500,000 squarefeet of commercial real estate. These properties included office, retail, and industrial warehouses. Carl serviced the lifecycle of Tenant relations, from the maketing of the property, writing the Lease Agreements, collections, and overseeingrepairs.
Prior to joining the commercial real estate industry, Carl worked in his family's electrical contracting business. He holds aMasters Electrical license, and has twenty-two years of experience working with clients such as Bank One, Grubbs AutoDealerships, and several property management companies. This background in electrical construction enabled him toprovide an additional level of expertise in the management of his properties.
Carl is a member of the Society of Commercial Realtors, and the Greater Fort Worth Association of Realtors. Hisdesignations include a (CCIM) Certified Commercial Investment Member, (RPA) Real Property Administrator, and (FMA)Facilities Management Administration. In 1989 he earned his accounting degree from Oklahoma Christian College. This iswhere he met his wife of twenty-six years, Jill. Together they are raising two teenagers and are active in the school,church, and community of Joshua, Texas.
CCARL BROARL BROWN, CWN, CCIM, RPCIM, RPAA
Property Manager/Leasing Advisor
BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 23
Carl Brown Bio & Contact
Information About Brokerage Services
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with client 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 information about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction 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 written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written representation agreement/ A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties’ written 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 instructions of each party to the
transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
• That the owner will accept a price less that the written asking price;
• That the buyer/tenant will pay a price greater that the price submitted in a written offer; and
• Any confidential information or any other information that a party specifically instructs the broker in writing 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 transaction 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 AGREEMENT BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and your obligations under the representation 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 notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker / Broker Firm Name or Primary Assumed Business Name License Number Email Phone
Designated Broker of Firm License Number
License Number
License Number
Phone
Phone
Phone
Licensed Supervisor of Sales Agent / Associate
Sales Agent / Associate’s Name
DFW Trinity Advisors, LLC
Stephen H. Fithian
James Blake
Carl Brown
9004520
0407418
340987
497561
817-288-5525
817-288-5524
817-288-5508
817-915-7742
Buyer/Tenant/Seller/Landlord Initials Date BAKER OFFICE BUILDING | 6821 BAKER BLVD RICHLAND HILLS, TX 76118 SVN | Trinity Advisors | Page 24
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