Old Hwy 90 W & Hwy 151-6.008 ac NEC Old Hwy 90 W & Hwy 151, San Antonio, TX 78227

Old Hwy 90 W & Hwy 151-6.008 ac NEC Old Hwy 90 W & Hwy 151, San Antonio, TX 78227 Land for Sale R E O C Todd A. Gold, CCIM 8023 Vantage Dr, Suite 1200 San Antonio TX 78230 reocsanantonio.com

Table of Contents SECTION 1 SECTION 2 SECTION 3 SECTION 4 SECTION 5 SECTION 6 SECTION 7 SECTION 8 SECTION 9 SECTION 10 SECTION 11 Maps Utility Master Plan Plat Map Property Summary Quote Sheet San Antonio Overview Missions Baseball Academy Information Pre-K 4 SA Information Westover Hills Area Employers Demographics TREC Agency Disclosure 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.

City Location Map

R EOC S A N A N TO N I O Old Highway 90: Quick Service Restaurants Quick Service Restaurants Old Highway 90: Quick Restaurants Old Highway 90:Service Quick Service Restaurants 3 mile 3 mile 3 mile 2 mile 2 mile 2 mile 1 mile 6 4 2 4 1 mile 1 mile 6 6 2 2 4 3 3 1 3 1 1 5 5 5 1 Average Daily TrafficAverage Volume Daily Traf 1 123,000 vpd1 123,000 vp 2 16,410 vpd 2 16,410 vpd 3 70,000 vpd 3 70,000 vpd 4 17,140 vpd 4 17,140 vpd 5 145,000 vpd5 145,000 vp So 6 15,440 vpd 6 15,440 vpd Todd A. Gold, CCIM 2 3 4 5 6 tio Source: 2011 MPSI (Marke Source: 2011 MPSI (Market Planning Solu- Inc. d.b.a tions Inc.) Systems tions Inc.) Systems Inc. d.b.a. DataMetrix

R EOC S A N A N TO N I O Aerial Map

Aerial Map

Site Aerial

Oblique Aerial Photo

Zoning Map

Utility Master Plan

Plat Map - 6.008 acres 21

R EOC S A N A N TO N I O Plat Map - 1.21 acres 21

Property Summary Address NEC Hwy 151 & Old Hwy 90 1163 Old Hwy 90 W San Antonio, TX 78227 Location NEC Hwy 151 & Old Hwy 90 W & NEC S Acme Rd & Old Hwy 90 W Comments Excellent visibility and access from all directions Outside the Military Airport Overlay Zone restrictions Located on Hwy 151, the gateway to the great northwest, Westover Hills and Alamo Ranch Size Utilities Zoning Topography Area Development Ranging from 1.033 ac. - 1.976 ac. Available at each lot as show on Utility Master Plan See Zoning Map Primarily flat Pre-K 4 SA (under construction) Missions Baseball Academy New Multi-Family Development San Antonio Food Bank (expansion) San Antonio Fire Training Academy Medline Industries Halo/Glazers Distributing Nelson Wolff Municipal Stadium REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.

Quote Sheet Sale Price/SF* **Lot 21 (1.111 ac.) - $14.00 Lot 18 (1.976 ac.) - $12.00 Lot 17 (1.033 ac.) - $10.00 Lot 16 (1.072 ac.) - $10.00 Lot 15 (1.075 ac.) - $10.00 Lot 2 (1.210 ac.) - $12.00 Earnest Money $10,000 Title Commitment Survey Feasibility Period Closing Disclosure Delivered to Buyer within ten (10) days of contract Effective Date Current survey delivered to Buyer within ten (10) days of contract Effective Date Ninety (90) days from the contract Effective Date Thirty (30) days after the end of the Feasibility Period A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Seller s representative. *Actual Sale Price under any proposed purchase contract is a function of the relationship of numerous characteristics including credit worthiness of buyer and other factors deemed important by the Seller. **Lot sizes and locations as shown on the Plat Map 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 sale 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.

San Antonio Overview Largest U.S. Cities 1 New York 2 Los Angeles 3 Chicago 4 Houston 5 Philadelphia 6 Phoenix 7 San Antonio 8 San Diego 9 Dallas 10 San Jose San Antonio-New Braunfels Metro Area 2000 Census 2010 Census 2014 Estimate 2019 Projection 2000 Census 2010 Census 2014 Estimate 2019 Projection Avg. Household Income Population 1,711,703 2,142,508 2,278,077 2,480,672 $51,426 $62,458 $70,522 $82,936 Median Household Income Median Age 32.9 34.1 34.6 35.4 $39,029 $50,146 $51,881 $60,615 Total Households Per Capita Income 601,265 763,022 814,855 890,616 $18,443 $22,135 $25,601 $30,207 Ethnicity 74.5% 7% 0.8% 2.3% 11.8% 3.5% Black Alone American Indian Alone Asian Alone Some Other Race Alone Two or More Races White Alone 45.2% Dallas 280 miles San Antonio Austin 80 miles Houston 200 miles Major Industries Hospitality Hospitality/Tourism & Military Major Industries 54.4% Hispanic Origin (Any Race) Non-Hispanic Mexico City 900 miles Corpus Laredo/ Christi Nvo. Laredo 145 miles 150 miles Real Estate Real Estate & Construction & Finance Health Care Health & Care Bioscience & Manufacturing Fortune 500 Companies SAT Rankings US 1 Valero Energy 10 2 Tesoro Corp 75 Located in South Central Texas within Bexar County, San Antonio occupies approximately 504 square miles. Situated about 140 miles north of the Gulf of Mexico where the Gulf Coastal Plain and Texas Hill Country meet. $0 $5 $10 $15 $20 $25 $30 In Billions Sources: U.S. Census; ESRI 2014 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2014 & 2019; Fortune 3 USAA 141 4 CST Brands, Inc 266 5 CC MediaHoldings 419 6 NuStar Energy 661

Missions Baseball Academy Missions Baseball Academy, located on Old Highway 90 West near Texas 151, is a project of the Bexar County Community Venues Program and is managed by the San Antonio Men s Senior Baseball League. Bexar County is contributing $4 million in venue tax funds for the design and construction of the facility that will sit on 60.4 acres of city-owned land. The San Antonio Missions Baseball Club will operate the Academy through its Missions Care Foundation. The Missions Baseball Academy will have seven full size baseball fields with 90 foot bases, 330 feet down the lines and 400 feet to center field. The Academy will be the first of its kind in San Antonio that can accommodate baseball in one place for players age 14 and older. In addition to hosting league games and regional and national tournaments, up to 20 other tournaments featuring high school and college players will be held annually (Bexar County Community Venue Projects: http://www.bexar. org/cmacs/cm/p/rel%20-%20missions%20baseball%2041211. pdf). For more information: Missions Baseball Academy (via Bexar County Community Venues Program website): http://gov.bexar.org/cvp/missionsbaseballacademy.html Bexar County Community Venues Program: http://gov.bexar.org/cvp/index.html San Antonio Men s Senior Baseball League: http://www.samsbl.com/f/ Bexar County Community Venue Projects Press Release: http://www.bexar.org/cmacs/cm/p/rel%20-%20missions%20 baseball%2041211.pdf Bexar County Community Venue Project Overall Fund Summary - Fiscal Year Ending September 30, 2011: http://www.bexar.org/budget/docs/budget%2010_11/fy%20 2010-2011%20Adopted%20Arena%20Venue%20Fund.pdf

Pre-K 4 SA Pre-K 4 SA is a program focused on highquality Pre-K services for four-year-old children. This proposed initiative provides four-year-olds high-quality prekindergarten education through four Education Center facilities serving 500 students each with full-day Pre-K instruction. Each Education Center is approximately 50,000 SF and strategically located in easily accessible locations in San Antonio. The centers consist of classrooms, family support rooms, teacher training areas and playgrounds. The Pre-K 4 SA North and South Education Centers opened in August 2013. In August 2014, the East and West Education Centers opened to serve a total of 1,500 students in the program s second year. 1 Photo from The Rivard Report: The Pre-K 4 SA Model: Where Kids are Nurtured and Nourished Photo from The Texas Public Radio: Designs Unveiled For East And West Side Pre-K 4 SA Centers 1 Pre-K 4 San Antonio. Pre-K 4 San Antonio. http://www.sanantonio.gov/pre-k4sanantonio.aspx (accessed June 2015).

Westover Hills Area Major Employers Company Wells Fargo Operations Center (formerly World Savings/Wachovia National Operations Center) JPMorgan Chase Cardmember Services QVC Network, Inc. 24 hour operations start and end of season varies The Capital Group Companies, Inc. Sea World Adventure Park Start-up season (March-May) Peak season (June-August) End of Season (September-December) Alamo Community College District Northwest Campus - Northwest Vista College Nationwide Insurance Corporate Campus Kohl s Operations Center Hyatt Regency Hill Country Resort Maxim Integrated Products (formerly Phillips Semiconductors) 24 hour operations Hartford Insurance Courtyard by Marriott Sea World Westover Hills Fairfield Inn Westover Hills Hilton San Antonio Hill Country Hotel & Spa Holiday Inn Northwest/Sea World Area Microsoft Data Center Valero Data Center Lowe s Data Center Frost Bank Data Center Information from Pape Dawson Presentation - November 2010 Employees 4,522 +/- existing 5,275 projected 2,300 existing 2,200 +/- existing/season 1,650 off season 1,450 existing 2,000 projected 3,500 +/- in season 16,000 Students existing 600 Faculty existing 2,000 projected 1,000 existing 600 existing 500 existing 650 projected 350 existing 450 projected 80 existing 90 projected season 22 existing 125 existing 150 existing/season 65 existing 90 projected 75 projected 75 existing 35 existing 35 existing

Westover Hills Area Major Employers Company CHRISTUS Health Data Center Takata Seat Belts Coventry Health Care (formerly First Health Group) Medical Plaza I CHRISTUS Santa Rosa Westover Hills Hospital Baptist Health Westover Hills Medical Building Port San Antonio (Kelly USA) Citicorp US Center 24 hour operations Employees 35 existing 200 existing 330 existing 600 projected 175 existing 253 existing 400 projected 175 existing TOTAL EXISTING IN WESTOVER HILLS 34,652 Southwest Research Institute 24 hour operations, however, most work 8-5 National Security Agency Sears Call Center 24 hour operations Southwest Foundation Texas Research Park 14,000 existing 30,000 projected 4,000 existing 2,830 existing 1,500 @ opening 5,000 projected 975 existing 375 existing 300 existing TOTAL EXISTING IN NORTHWEST 58,632 TOTAL ADDITIONAL PROJECTED 23,605 TOTAL EXISTING + PROJECTED 82,237 Information from Pape Dawson Presentation - November 2010

and Income Profile Demographics 3-Mile 1214 W Old US Highway 90, San Antonio, Texas, 78227 Ring: 3 mile radius Latitude: 29.41907 Longitude: -98.59057 Summary Census 2010 2015 2020 Population 96,414 96,982 99,648 Households 27,752 28,168 29,081 Families 21,815 22,015 22,634 Average Household Size 3.31 3.28 3.27 Owner Occupied Housing Units 17,279 16,653 17,006 Renter Occupied Housing Units 10,473 11,515 12,075 Median Age 29.3 29.8 31.4 Trends: 2015-2020 Annual Rate Area State National Population 0.54% 1.52% 0.75% Households 0.64% 1.54% 0.77% Families 0.56% 1.49% 0.69% Owner HHs 0.42% 1.47% 0.70% Median Household Income 2.25% 2.84% 2.66% 2015 2020 Households by Income Number Percent Number Percent <$15,000 6,808 24.2% 7,013 24.1% $15,000 - $24,999 5,475 19.4% 4,497 15.5% $25,000 - $34,999 4,267 15.1% 4,089 14.1% $35,000 - $49,999 4,852 17.2% 5,201 17.9% $50,000 - $74,999 3,731 13.2% 4,115 14.2% $75,000 - $99,999 1,639 5.8% 2,185 7.5% $100,000 - $149,999 1,166 4.1% 1,699 5.8% $150,000 - $199,999 154 0.5% 195 0.7% $200,000+ 75 0.3% 88 0.3% Median Household Income $28,454 $31,797 Average Household Income $37,543 $42,123 Per Capita Income $11,727 $13,113 Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent 0-4 8,319 8.6% 8,141 8.4% 8,061 8.1% 5-9 8,209 8.5% 7,937 8.2% 7,738 7.8% 10-14 7,847 8.1% 7,768 8.0% 7,826 7.9% 15-19 9,152 9.5% 8,444 8.7% 8,665 8.7% 20-24 8,804 9.1% 9,152 9.4% 8,415 8.4% 25-34 12,689 13.2% 13,619 14.0% 13,611 13.7% 35-44 11,246 11.7% 10,707 11.0% 11,333 11.4% 45-54 10,985 11.4% 10,560 10.9% 10,319 10.4% 55-64 8,689 9.0% 9,151 9.4% 10,017 10.1% 65-74 5,597 5.8% 6,584 6.8% 7,925 8.0% 75-84 3,774 3.9% 3,674 3.8% 4,296 4.3% 85+ 1,101 1.1% 1,246 1.3% 1,440 1.4% Census 2010 2015 2020 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 68,567 71.1% 68,505 70.6% 70,918 71.2% Black Alone 3,326 3.4% 3,450 3.6% 3,640 3.7% American Indian Alone 1,164 1.2% 1,159 1.2% 1,185 1.2% Asian Alone 349 0.4% 367 0.4% 397 0.4% Pacific Islander Alone 103 0.1% 110 0.1% 121 0.1% Some Other Race Alone 20,020 20.8% 20,470 21.1% 20,434 20.5% Two or More Races 2,887 3.0% 2,922 3.0% 2,954 3.0% Hispanic Origin (Any Race) 86,181 89.4% 87,154 89.9% 90,055 90.4% Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. June 05, 2015

and Income Profile Demographics 5-Mile 1214 W Old US Highway 90, San Antonio, Texas, 78227 Ring: 5 mile radius Latitude: 29.41907 Longitude: -98.59057 Summary Census 2010 2015 2020 Population 315,203 323,774 337,462 Households 100,133 103,560 108,544 Families 71,776 73,449 76,377 Average Household Size 3.01 3.00 2.99 Owner Occupied Housing Units 54,853 53,530 55,389 Renter Occupied Housing Units 45,280 50,030 53,155 Median Age 30.0 30.5 31.6 Trends: 2015-2020 Annual Rate Area State National Population 0.83% 1.52% 0.75% Households 0.94% 1.54% 0.77% Families 0.78% 1.49% 0.69% Owner HHs 0.69% 1.47% 0.70% Median Household Income 2.51% 2.84% 2.66% 2015 2020 Households by Income Number Percent Number Percent <$15,000 22,296 21.5% 22,934 21.1% $15,000 - $24,999 18,517 17.9% 15,221 14.0% $25,000 - $34,999 15,975 15.4% 15,658 14.4% $35,000 - $49,999 17,049 16.5% 18,326 16.9% $50,000 - $74,999 14,992 14.5% 16,242 15.0% $75,000 - $99,999 7,988 7.7% 10,743 9.9% $100,000 - $149,999 5,400 5.2% 7,675 7.1% $150,000 - $199,999 934 0.9% 1,253 1.2% $200,000+ 408 0.4% 492 0.5% Median Household Income $31,151 $35,259 Average Household Income $41,480 $46,766 Per Capita Income $13,990 $15,750 Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent 0-4 27,222 8.6% 27,066 8.4% 27,795 8.2% 5-9 25,513 8.1% 25,357 7.8% 25,309 7.5% 10-14 24,008 7.6% 24,023 7.4% 24,796 7.3% 15-19 27,221 8.6% 26,162 8.1% 26,735 7.9% 20-24 29,072 9.2% 30,357 9.4% 29,363 8.7% 25-34 45,180 14.3% 48,884 15.1% 50,717 15.0% 35-44 37,088 11.8% 37,130 11.5% 39,785 11.8% 45-54 36,542 11.6% 35,106 10.8% 34,246 10.1% 55-64 28,815 9.1% 31,217 9.6% 33,784 10.0% 65-74 18,038 5.7% 21,632 6.7% 25,837 7.7% 75-84 12,145 3.9% 12,025 3.7% 13,741 4.1% 85+ 4,358 1.4% 4,815 1.5% 5,354 1.6% Census 2010 2015 2020 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 226,875 72.0% 230,530 71.2% 240,923 71.4% Black Alone 13,662 4.3% 14,893 4.6% 16,200 4.8% American Indian Alone 3,481 1.1% 3,548 1.1% 3,688 1.1% Asian Alone 2,645 0.8% 2,987 0.9% 3,422 1.0% Pacific Islander Alone 393 0.1% 443 0.1% 501 0.1% Some Other Race Alone 58,198 18.5% 60,839 18.8% 61,672 18.3% Two or More Races 9,950 3.2% 10,534 3.3% 11,056 3.3% Hispanic Origin (Any Race) 262,429 83.3% 271,317 83.8% 285,027 84.5% Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. June 05, 2015

and Income Profile Demographics 10-Mile 1214 W Old US Highway 90, San Antonio, Texas, 78227 2 1214 W Old US Highway 90, San Antonio, Texas, 78227 Latitude: 29.41903 Ring: 10 mile radius Longitude: -98.59058 Summary Census 2010 2015 2020 Population 1,005,238 1,054,311 1,118,672 Households 348,799 368,419 393,018 Families 233,785 244,774 259,562 Average Household Size 2.79 2.77 2.76 Owner Occupied Housing Units 193,127 194,679 205,456 Renter Occupied Housing Units 155,672 173,739 187,561 Median Age 31.8 32.5 33.4 Trends: 2015-2020 Annual Rate Area State National Population 1.19% 1.52% 0.75% Households 1.30% 1.54% 0.77% Families 1.18% 1.49% 0.69% Owner HHs 1.08% 1.47% 0.70% Median Household Income 2.63% 2.84% 2.66% 2015 2020 Households by Income Number Percent Number Percent <$15,000 63,640 17.3% 64,959 16.5% $15,000 - $24,999 52,795 14.3% 43,089 11.0% $25,000 - $34,999 47,914 13.0% 47,091 12.0% $35,000 - $49,999 53,708 14.6% 56,915 14.5% $50,000 - $74,999 60,951 16.5% 63,304 16.1% $75,000 - $99,999 38,851 10.5% 49,582 12.6% $100,000 - $149,999 33,055 9.0% 45,694 11.6% $150,000 - $199,999 9,176 2.5% 12,550 3.2% $200,000+ 8,328 2.3% 9,832 2.5% Median Household Income $39,445 $44,904 Average Household Income $56,044 $63,363 Per Capita Income $20,145 $22,796 Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent 0-4 79,266 7.9% 80,321 7.6% 84,835 7.6% 5-9 76,843 7.6% 76,895 7.3% 78,926 7.1% 10-14 73,684 7.3% 75,062 7.1% 78,005 7.0% 15-19 78,351 7.8% 75,916 7.2% 78,998 7.1% 20-24 85,837 8.5% 88,532 8.4% 86,538 7.7% 25-34 155,325 15.5% 170,222 16.1% 180,044 16.1% 35-44 129,447 12.9% 134,391 12.7% 147,668 13.2% 45-54 125,955 12.5% 123,520 11.7% 121,812 10.9% 55-64 96,005 9.6% 107,693 10.2% 116,342 10.4% 65-74 54,769 5.4% 69,742 6.6% 85,159 7.6% 75-84 35,250 3.5% 35,946 3.4% 42,596 3.8% 85+ 14,506 1.4% 16,069 1.5% 17,749 1.6% Census 2010 2015 2020 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 729,953 72.6% 754,845 71.6% 798,440 71.4% Black Alone 57,159 5.7% 63,164 6.0% 69,735 6.2% American Indian Alone 9,730 1.0% 10,209 1.0% 10,837 1.0% Asian Alone 18,742 1.9% 21,515 2.0% 25,307 2.3% Pacific Islander Alone 1,136 0.1% 1,321 0.1% 1,561 0.1% Some Other Race Alone 154,498 15.4% 165,683 15.7% 171,752 15.4% Two or More Races 34,020 3.4% 37,574 3.6% 41,041 3.7% Hispanic Origin (Any Race) 711,783 70.8% 755,852 71.7% 812,682 72.6% Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. June 05, 2015

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 PROPERTY: Old Hwy 90 W & Hwy 151-6.008 ac. Disclosure of agency, if any: The Broker named below represents [X] Seller [ ] Buyer [ ] Landlord [ ] Tenant BROKER: REOC San Antonio 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. 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.