555 East Ramsey
Ramsey between Plymouth and Jones Maltsberger
Blake M. Bonner
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Senior Vice President, Director of Brokerage
Direct Line 210 524 1305
[email protected]
Office for Lease
210 524 4000
8023 Vantage Dr, Suite 1200
San Antonio TX 78230
reocsanantonio.com
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Table of Contents
SECTION 1
Property Summary
SECTION 2
Quote Sheet
SECTION 3
Photos
SECTION 4
Floor Plans
SECTION 5
San Antonio Overview
SECTION 6
Office Market Snapshot - 4Q 2014
SECTION 7
Demographics
SECTION 8
TREC Agency Disclosure
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
© 2015 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed
accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject
to availability, change in price or terms, prior sale or lease, or withdrawal from the market.
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Property Summary
Address
555 East Ramsey
Comments
Location
Ramsey between Plymouth and Jones Maltsberger

Excellent location
Property
Details
26,738 SF Office Building
2.0450 Acres

Accessible to downtown, Loop 410, Loop 1604 and
Wurzbach Parkway

Within minutes of San Antonio International Airport
Legal
Description
NCB 11967 BLK 3 LOT S PT OF 70,71,72 & W
IRR 52.16 FT X 333.96 FT OF 69

Easy ingress/egress to adjacent thoroughfares

Ample parking available
Zoning
C3R

Attractive architecture
Year Built
1997

Property provides great presence and image

Suitable for numerous professional office uses
Floors
2
Road Frontage
288 ft on E Ramsey
Traffic Counts
US Hwy 281 at San Pedro Ave, 149,000 vpd (2012)
Source: TxDOT Statewide Planning Map
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.
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Quote Sheet
Total Available SF
5,300
Lease Price/SF/YR
$22 Gross
Lease Term
Three (3) to five (5) years
Finishout Quote
Negotiable
Escalation Quote
Base Year
Financial Information Required prior to submission of lease document by Landlord
Disclosure
A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and
returned to Landlord’s leasing representative.
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, credit worthiness of tenant, condition of space leased,
leasehold input allowances, term of lease and other factors deemed important by the Landlord.
210 524 4000
This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely
expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior leasing or withdrawal
without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided
herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied.
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Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
City Location Map
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Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Aerial Map
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Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Site Aerial
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Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Photos
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Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Photos
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S A N A N TO N I O
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Floor Plan
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Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Floor Plan
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San Antonio Overview
DEMOGRAPHICS
GEOGRAPHY
San Antonio is located in South Central Texas within Bexar County and
occupies approximately 504 square miles. The city is situated about 140
miles north of the Gulf of Mexico where the Gulf Coastal Plain and Texas
Hill Country meet.
Core Based Statistical Area (CBSA) represents the revised Metropolitan
Statistical Area (MSA). The newly defined San Antonio CBSA includes the
four mainstay counties of Bexar, Comal, Guadalupe and Wilson as well
as newly added Atascosa, Bandera, Kendall and Medina Counties. San
Antonio accounts for more than eighty percent of the CBSA population.
TOP 10 LARGEST U.S. CITIES
U.S. Census Bureau – July 2009 estimates released 2010
1 New York, NY
6 Philadelphia, PA
2 Los Angeles, CA
7 San Antonio, TX
3 Chicago, IL
8 San Diego, CA
4 Houston
9 Dallas, TX
5 Phoenix, AZ
10 San Jose, CA
San Antonio-New Braunfels
Metro Area
Population
Median Age
Total Households
Average Household Income
Median Household Income
Per Capita Income
2000
Census
2010
Census
2014
Estimate
2019
Projection
1,711,703
32.9
601,265
$51,426
$39,024
$18,443
2,142,508
34.1
763,022
$62,458
$50,146
$22,135
2,278,077
34.6
814,855
$70,522
$51,881
$25,601
2,480,672
35.4
890,616
$82,936
$60,615
$30,207
Source: US Census Bureau 2010, ESRI forecasts for 2014 & 2019
Distance to Nearby Major Cities
City
Area
Houston
Austin
Dallas
Corpus Christi
Laredo/Nuevo Laredo
Mexico City, Mexico
East
North
North
Southeast
South
South
Miles
POPULATION
According to latest estimates released by the US Census Bureau, the Alamo
City’s population grew by more than 24,000 people between July 2008 and
July 2009. The current population is estimated to be 1,373,688 – up 1.8%
compared to a year ago. The City of San Antonio is ranked as the seventh
largest city in the U.S.
200
80
280
145
150
900
CLIMATE
San Antonio enjoys a modified subtropical climate due to its location on the
edge of the Gulf Coastal Plain. The average temperature is 50 degrees in
January and ranges in the mid-90’s through July and August.
ETHNICITY
Source: ESRI 2014 Estimates
Area
Counties
Atacosa County
Bandera County
Bexar County
Comal County
Guadalupe County
Kendall County
Medina County
Wilson County
2010
Census
2014
Estimate
2019
Projection
% Chng
2010-2014
44,911
20,485
1,714,773
108,472
131,533
33,410
46,006
42,918
47,317
20,924
1,812,192
120,167
145,116
38,505
47,711
45,145
50,868
21,425
1,954,622
136,999
164,258
46,774
50,139
50,587
5.4%
2.1%
5.7%
10.8%
10.3%
15.2%
3.7%
5.2%
Source: US Census Bureau 2010, ESRI forecasts for 2014 & 2019
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
Hispanic Origin
(Any Race)
54.8%
White Alone
74.5%
Non-Hispanic
45.2%
Black Alone
7.0%
American Indian
Alone 0.8%
Asian Alone
2.3%
Some Other
Race Alone
11.8%
Two or More
Races 3.5%
COST OF LIVING COMPARISON
In addition to the favorable climate, San Antonio enjoys a low cost of living,
consistently ranking below the national average. San Antonio generally
ranks among the lowest of the participating metropolitan areas with a
population of 1.5 million or more.
Based on a 100% composite index, San Antonio ranked an overall 93.9%
which is 6.1% below the national average, 3Q 2010.
San Antonio Office Report
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Office
Market
Fourth Quarter
2014 Snapshot - 4Q 2014
CITYWIDE
4Q 2014
4Q 2013
All Classes
Inventory
Direct Vacant
28,890,361
5,280,857
All Classes
5,504,785 Direct Vacant
5,758,224
5,673,787 Inventory
1,561,877
1,683,367 Direct Vacant
4Q 2014
4Q 2013
23,132,137
22,614,513
3,718,980
3,821,418
18.3%
19.5% %Vacant
27.1%
29.7% %Vacant
16.1%
16.9%
Average Rent
$20.37
$19.72 Average Rent
$21.53
$19.95 Average Rent
$20.21
$19.69
4Q Absorption
42,716
34,509
4Q Absorption
(5,361)
(1,370) 4Q Absorption
48,077
35,879
YTD Absorption
685,675
325,994
YTD Absorption
474,405
237,798
8,053,356
7,835,368
838,384
870,628
Direct Vacant
%Vacant
Average Rent
10,046,413
999,014
9.9%
$25.70
4Q Absorption
152,981
YTD Absorption
470,038
Inventory
Direct Vacant
%Vacant
9,829,538 Inventory
1,087,458 Direct Vacant
11.1% %Vacant
Class A Space
1,993,057
160,630
8.1%
1,994,170 Inventory
216,830 Direct Vacant
10.9% %Vacant
10.4%
11.1%
$25.59
$25.66
$23.30 Average Rent
(71,151) 4Q Absorption
(11,308)
(19,179) 4Q Absorption
164,289
(51,972)
56,200
74,029
413,838
54,626
12,759,949
12,465,009
2,384,877
2,486,002
18.7%
19.9%
128,655
YTD Absorption
Class B Space
15,550,893
3,430,729
22.1%
15,170,403 Inventory
3,598,034 Direct Vacant
Class B Space
2,705,394 Inventory
1,045,852
1,112,032 Direct Vacant
37.5%
$19.74 Average Rent
$21.30
$20.66
108,311
4Q Absorption
YTD Absorption
244,978
192,280
YTD Absorption
Class C Space
41.1% %Vacant
$20.57
$19.72
6,022
19,971
$19.85 Average Rent
4Q Absorption
(106,013)
88,340
148,738
19,760
YTD Absorption
96,240
172,520
2,318,832
2,314,136
495,719
464,788
Class C Space
851,114
3,288,359 Inventory
819,293 Direct Vacant
YTD Absorption
2,790,944
23.7% %Vacant
(99,991)
3,293,055
YTD Absorption
$26.31
4Q Absorption
Direct Vacant
88,196
$25.35 Average Rent
Average Rent
Inventory
211,270
Class A Space
Class B Space
[email protected]
All Classes
%Vacant
Inventory
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
NON-CBD
28,288,300 Inventory
Class A Space
Blake M. Bonner
CENTRAL BUSINESS DISTRICT
4Q 2014
4Q 2013
Class C Space
974,223
974,223 Inventory
355,395
354,505 Direct Vacant
%Vacant
25.8%
24.9% %Vacant
36.5%
36.4% %Vacant
21.4%
20.1%
Average Rent
$15.28
$14.76 Average Rent
$16.75
$17.01 Average Rent
$15.14
$14.90
4Q Absorption
(10,274)
(2,651) 4Q Absorption
(2,162) 4Q Absorption
(10,199)
(489)
YTD Absorption
(29,341)
5,059
(5,593) YTD Absorption
(35,673)
10,652
YTD Absorption
(75)
6,332
Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Office Advisory Board.
Statistical Information is calculated for multi-tenant office bldgs 20,000 sf and larger (excluding Single-Tenant, Owner-Occupied, Gov't and Medical Buildings).
210 524 4000
Rental rates reflect non-weighted strict average asking rental rates quoted on an annual full-service basis.
have been calculated up to reflect the full-service rate.
Rents quoted on a non-full-service basis (such as NNN)
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Demographics: 1-Mile
Demographic and Income Profile
555 E Ramsey Rd, San Antonio, Texas, 78216
Ring: 1 mile radius
Summary
Latitude: 29.52749
Longitude: -98.48761
Census 2010
2014
2019
Population
8,121
8,024
8,189
Households
3,279
3,230
3,289
Families
1,815
1,771
1,792
2.46
2.47
2.48
Owner Occupied Housing Units
967
979
1,059
Renter Occupied Housing Units
2,312
2,251
2,230
31.1
32.3
33.7
Area
State
National
0.41%
0.36%
0.24%
1.58%
4.11%
1.49%
1.51%
1.44%
1.44%
3.41%
0.73%
0.75%
0.66%
0.69%
2.74%
Average Household Size
Median Age
Trends: 2014 - 2019 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
2014
Households by Income
Percent
Number
Percent
<$15,000
638
19.8%
622
18.9%
$15,000 - $24,999
639
19.8%
494
15.0%
$25,000 - $34,999
423
13.1%
360
10.9%
$35,000 - $49,999
424
13.1%
438
13.3%
$50,000 - $74,999
571
17.7%
615
18.7%
$75,000 - $99,999
231
7.2%
333
10.1%
$100,000 - $149,999
220
6.8%
302
9.2%
$150,000 - $199,999
31
1.0%
54
1.6%
$200,000+
52
1.6%
73
2.2%
Median Household Income
Average Household Income
Per Capita Income
$32,472
$46,350
$18,903
Census 2010
Population by Age
2014
[email protected]
210 524 4000
2019
Percent
Number
Percent
Number
0-4
757
9.3%
692
8.6%
687
8.4%
5-9
556
6.8%
631
7.9%
629
7.7%
Percent
10 - 14
455
5.6%
497
6.2%
571
7.0%
15 - 19
487
6.0%
444
5.5%
482
5.9%
20 - 24
777
9.6%
608
7.6%
489
6.0%
25 - 34
1,551
19.1%
1,534
19.1%
1,441
17.6%
35 - 44
1,094
13.5%
1,090
13.6%
1,191
14.5%
45 - 54
1,051
12.9%
967
12.1%
894
10.9%
55 - 64
651
8.0%
764
9.5%
879
10.7%
65 - 74
352
4.3%
401
5.0%
523
6.4%
75 - 84
281
3.5%
273
3.4%
271
3.3%
110
1.4%
123
1.5%
133
1.6%
Number
Percent
Number
Percent
Number
Percent
White Alone
5,328
65.6%
5,257
65.5%
5,407
66.0%
Black Alone
468
5.8%
454
5.7%
460
5.6%
American Indian Alone
120
1.5%
119
1.5%
123
1.5%
Asian Alone
183
2.3%
181
2.3%
193
2.4%
Census 2010
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
$39,724
$55,047
$22,394
Number
85+
Blake M. Bonner
2019
Number
Race and Ethnicity
Pacific Islander Alone
Some Other Race Alone
Two or More Races
Hispanic Origin (Any Race)
2014
2019
7
0.1%
8
0.1%
9
0.1%
1,677
20.7%
1,661
20.7%
1,640
20.0%
337
4.2%
344
4.3%
358
4.4%
5,377
66.2%
5,431
67.7%
5,684
69.4%
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.
©2014 Esri
March 17, 2015
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Demographics: 3-Mile
Demographic and Income Profile
555 E Ramsey Rd, San Antonio, Texas, 78216
Ring: 3 mile radius
Summary
Latitude: 29.52749
Longitude: -98.48761
Census 2010
2014
2019
Population
89,670
90,954
94,880
Households
39,377
40,067
41,884
Families
21,593
21,781
22,594
2.25
2.24
2.24
Owner Occupied Housing Units
17,922
17,707
18,507
Renter Occupied Housing Units
21,455
22,360
23,377
36.4
37.0
37.6
Area
0.85%
0.89%
0.74%
0.89%
State
1.49%
1.51%
1.44%
1.44%
National
0.73%
0.75%
0.66%
0.69%
Average Household Size
Median Age
Trends: 2014 - 2019 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
3.76%
3.41%
2.74%
2014
Households by Income
Number
Percent
Number
Percent
<$15,000
5,692
14.2%
5,605
13.4%
$15,000 - $24,999
5,670
14.2%
4,361
10.4%
$25,000 - $34,999
4,678
11.7%
3,932
9.4%
$35,000 - $49,999
5,571
13.9%
5,667
13.5%
$50,000 - $74,999
6,496
16.2%
6,613
15.8%
$75,000 - $99,999
3,693
9.2%
4,973
11.9%
$100,000 - $149,999
4,599
11.5%
5,797
13.8%
$150,000 - $199,999
1,810
4.5%
2,465
5.9%
$200,000+
1,859
4.6%
2,470
5.9%
Median Household Income
Average Household Income
Per Capita Income
$44,753
$67,619
$29,911
Census 2010
Population by Age
2014
[email protected]
210 524 4000
2019
Percent
Number
Percent
Number
0-4
5,852
6.5%
5,644
6.2%
5,955
6.3%
5-9
5,432
6.1%
5,455
6.0%
5,505
5.8%
Percent
10 - 14
5,321
5.9%
5,267
5.8%
5,364
5.7%
15 - 19
5,518
6.2%
5,320
5.8%
5,230
5.5%
20 - 24
6,978
7.8%
7,366
8.1%
6,936
7.3%
25 - 34
14,099
15.7%
14,152
15.6%
15,156
16.0%
35 - 44
11,437
12.8%
11,383
12.5%
11,714
12.3%
45 - 54
12,517
14.0%
11,616
12.8%
10,897
11.5%
55 - 64
9,704
10.8%
10,682
11.7%
11,822
12.5%
65 - 74
5,790
6.5%
6,876
7.6%
8,506
9.0%
75 - 84
4,601
5.1%
4,522
5.0%
4,949
5.2%
2,421
2.7%
2,669
2.9%
2,846
3.0%
Number
Percent
Number
Percent
Number
Percent
White Alone
68,993
76.9%
69,293
76.2%
71,890
75.8%
Black Alone
3,830
4.3%
3,961
4.4%
4,270
4.5%
715
0.8%
763
0.8%
828
0.9%
1,757
2.0%
1,847
2.0%
2,083
2.2%
Census 2010
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
$53,811
$79,596
$35,275
Number
85+
Blake M. Bonner
2019
Race and Ethnicity
American Indian Alone
Asian Alone
Pacific Islander Alone
Some Other Race Alone
Two or More Races
Hispanic Origin (Any Race)
2014
2019
84
0.1%
88
0.1%
98
0.1%
11,356
12.7%
11,893
13.1%
12,346
13.0%
2,936
3.3%
3,109
3.4%
3,366
3.5%
46,159
51.5%
48,517
53.3%
52,736
55.6%
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.
©2014 Esri
March 17, 2015
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Demographics: 5-Mile
Demographic and Income Profile
555 E Ramsey Rd, San Antonio, Texas, 78216
Ring: 5 mile radius
Summary
Latitude: 29.52749
Longitude: -98.48761
Census 2010
2014
2019
Population
296,185
300,188
312,989
Households
126,200
128,572
134,527
71,700
72,270
74,937
2.30
2.29
2.29
Owner Occupied Housing Units
62,859
61,741
64,133
Renter Occupied Housing Units
63,341
66,830
70,394
36.1
36.8
37.6
Area
0.84%
0.91%
0.73%
0.76%
State
1.49%
1.51%
1.44%
1.44%
National
0.73%
0.75%
0.66%
0.69%
Families
Average Household Size
Median Age
Trends: 2014 - 2019 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
3.40%
3.41%
2.74%
2014
Households by Income
Number
Percent
Number
Percent
<$15,000
17,830
13.9%
17,529
13.0%
$15,000 - $24,999
16,139
12.6%
12,415
9.2%
$25,000 - $34,999
14,426
11.2%
12,273
9.1%
$35,000 - $49,999
18,092
14.1%
18,199
13.5%
$50,000 - $74,999
21,102
16.4%
20,873
15.5%
$75,000 - $99,999
12,285
9.6%
16,289
12.1%
$100,000 - $149,999
15,484
12.0%
18,858
14.0%
$150,000 - $199,999
6,347
4.9%
8,782
6.5%
$200,000+
6,867
5.3%
9,309
6.9%
Median Household Income
Average Household Income
Per Capita Income
$47,629
$71,306
$30,844
Census 2010
Population by Age
2014
[email protected]
210 524 4000
2019
Percent
Number
Percent
Number
0-4
18,947
6.4%
18,271
6.1%
19,355
6.2%
5-9
17,980
6.1%
17,914
6.0%
18,048
5.8%
Percent
10 - 14
17,785
6.0%
17,634
5.9%
17,937
5.7%
15 - 19
19,168
6.5%
18,687
6.2%
18,690
6.0%
20 - 24
24,612
8.3%
23,676
7.9%
22,598
7.2%
25 - 34
45,257
15.3%
47,179
15.7%
48,680
15.6%
35 - 44
37,273
12.6%
37,286
12.4%
39,635
12.7%
45 - 54
41,110
13.9%
38,265
12.7%
36,270
11.6%
55 - 64
34,439
11.6%
36,672
12.2%
39,271
12.5%
65 - 74
19,940
6.7%
24,203
8.1%
29,367
9.4%
75 - 84
13,315
4.5%
13,431
4.5%
15,661
5.0%
6,359
2.1%
6,968
2.3%
7,478
2.4%
Number
Percent
Number
Percent
Number
Percent
White Alone
231,348
78.1%
231,923
77.3%
240,152
76.7%
Black Alone
14,541
4.9%
15,238
5.1%
16,510
5.3%
American Indian Alone
2,315
0.8%
2,488
0.8%
2,699
0.9%
Asian Alone
6,546
2.2%
6,979
2.3%
7,934
2.5%
Census 2010
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
$56,309
$83,980
$36,465
Number
85+
Blake M. Bonner
2019
Race and Ethnicity
Pacific Islander Alone
Some Other Race Alone
Two or More Races
Hispanic Origin (Any Race)
2014
2019
295
0.1%
303
0.1%
327
0.1%
31,639
10.7%
33,141
11.0%
34,348
11.0%
9,502
3.2%
10,117
3.4%
11,019
3.5%
147,599
49.8%
154,515
51.5%
167,438
53.5%
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.
©2014 Esri
March 17, 2015
R
EOC
S A N A N TO N I O
TREC Agency Disclosure
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate licensees to give the following information
about brokerage services to prospective buyers, tenants, sellers and landlords.
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 represent 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
Blake M. Bonner
Senior Vice President,
Director of Brokerage
Direct Line 210 524 1305
[email protected]
210 524 4000
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; 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.
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.
PROPERTY: 555 East Ramsey
Disclosure of agency, if any: The Broker named below represents [ ] Seller [ ] Buyer [X] Landlord [ ] Tenant
BROKER: REOC San Antonio
ACKNOWLEDGEMENT OF RECEIPT OF AGENCY DISCLOSURE FORM: I acknowledge I have received a copy of this form. I understand that agreements I may sign
may affect or change agency relationships and that the broker may only represent both the Owner/Landlord and the Buyer/Tenant with their full knowledge and consent.
____________________________________________________________________________________
Owner (Landlord) or Buyer (Tenant)
_____________________________________
Date
Texas Real Estate Brokers and Salesmen 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.