View
2
Download
0
Category
Preview:
Citation preview
PEARLAND1.51 ACRE TRACT
SWC of McHard Rd/Shadow Creek Pkwy & Reflection Bay Dr| Pearland, Texas
Ford Scott & Eric Walker 281-816-6550 | www.capitalretailproperties.com
LakeHouston
GalvestonBay
45
45
288
1960
249
610
SAM HOUSTON
TOLLWAY
HARDY
TOLLWAY290
10
WESTPARK
TOLLWAY
99 6
290
10
3659
59
45
Property Description:This 1.51 acre tract is well positioned at the entrance to Shadow Creek and has over 200’ of frontage on McHard Road. McHard is one of the major east/west arteries for Pearland which carries approx. 23,000 cars per day. It is well suited for retail/office development, medical or hospitality uses.
Available:1.51 Acres
Traffic Counts:McHard Rd: 23,000 VPD (TXDOT 2011)Hwy 289: 107,000 VPD (TXDOT 2011)Beltway 8: 27,000 VPD (TXDOT 2011)
Area Businesses:
Ford Scott or Eric Walker281-816-6550
fscott@capitalretailproperties.comewalker@capitalretailproperties.com
1.51 ACRE TRACT - PEARLANDSWC of McHard Dr/Shadow Creek Pkwy & Reflection Bay Dr | Pearland, Texas
SU
RV
EY
Ford Scott or Eric Walker281-816-6550
fscott@capitalretailproperties.comewalker@capitalretailproperties.com
1.51 ACRE TRACT - PEARLANDSWC of McHard Dr/Shadow Creek Pkwy & Reflection Bay Dr | Pearland, Texas
Basic Summary Report STI Popstats 4Q 2011 12098 Shadow Creek Pkwy & 2001 Reflection Bay Dr Pearland, TX 77584
21 March 2013 Coordinates Longitude: -95.406780 Latitude: 29.577180 1 MILE 3 MILE 5 MILE RING RING RING 3.14 SQ/MI 28.27 SQ/MI 78.53 SQ/MI
Data Source: © 2007 Pitney Bowes MapInfo. All Rights Reserved. Page 1
POPULATION
2000 Population 340 18,930 91,637
2010 Population 6,203 52,942 157,717
2011 Population 7,051 57,534 166,199
% Growth 2000 - 2010 94.5% 64.2% 41.9%
% Growth 2011 - 2016 29.3% 24.0% 20.2%
HOUSEHOLDS
2000 Households 111 6,398 28,285
2010 Households 2,109 17,684 50,477
2011 Households 2,399 19,266 53,289
Avg Household Size 2.9 3.1 3.2
EMPLOYMENT
2011 Total Employers 117 804 1,704
2011 Workplace Employees 1,447 11,071 27,768
RACE
% White 26.7% 24.7% 18.4%
% Hispanic 13.0% 23.8% 31.9%
% Black 31.7% 33.5% 39.5%
% Asian 25.9% 15.8% 8.5%
% Other 2.7% 2.2% 1.7%
White 1,882 14,204 30,621
Hispanic 916 13,704 52,980
Black 2,238 19,264 65,709
Asian 1,826 9,082 14,129
Other 190 1,279 2,760
HOUSING
% Renter Occupied Housing Units 21.6% 24.0% 25.1%
% Owner Occupied Housing Units 78.4% 76.0% 74.9%
INCOME
2011 Median Household Income $95,118 $79,117 $66,487
2011 Average Household Income $108,374 $92,964 $77,753
2011 Per Capita Income $31,573 $27,219 $20,156
SUMMARY PROFILE
Basic Summary Report
STI Popstats 4Q 2011
Mchard Rd & Shadow Creek Pkwy Pearland, TX 77584
26 February 2013 Coordinates Longitude: -95.387470Latitude: 29.580290
1 MILE 3 MILE 5 MILERING RING RING
3.14 SQ/MI 28.27 SQ/MI 78.53 SQ/MI
Data Source: © 2007 Pitney Bowes MapInfo. All Rights Reserved. Page 2
COLLEGE EDUCATION (Age 25+)% < 9th Grade 2.0% 4.4% 8.9%% Some High School 3.8% 5.2% 9.2%% High School 14.1% 14.5% 22.0%% Some College 18.5% 18.5% 20.3%% College - Associates Degree 6.8% 7.2% 5.7%% College - Bachelors Degree 30.6% 29.1% 20.2%% College - Masters Degree 14.7% 12.1% 8.5%% College - Professional Degree 4.7% 4.6% 2.8%% College - Doctorate Degree 4.8% 4.5% 2.4%
AGEMedian Age 35.0 28.9 29.5Median Age Male 33.3 27.9 27.7Median Age Female 36.1 29.7 31.01.51 ACRE TRACT - PEARLAND
DE
MO
GR
AP
HIC
S
Arcola
Brookside Village
Fresno
Pearland
Airlin
e R
d S
Airlin
e R
d S
Airlin
e R
d S
Ai rlin
e R
d S
Ai rlin
e R
d S
Ai rlin
e R
d S
Ai rlin
e R
d S
Ai rlin
e R
d S
Ai rlin
e R
d S
Air lin
e R
dA
ir line
Rd
Air lin
e R
dA
ir line
Rd
Air lin
e R
dA
ir line
Rd
Air lin
e R
dA
ir line
Rd
Air lin
e R
d
Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2Airline-Ft Bend Road No 2
Broadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway St
Broadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway StBroadway St
Co
unty
Hw
y 1
43
Cou
nty
Hw
y 1
43
Cou
nty
Hw
y 1
43
Co
unty
Hw
y 1
43
Cou
nty
Hw
y 1
43
Co
unty
Hw
y 1
43
Cou
nty
Hw
y 1
43
Cou
nty
Hw
y 1
43
Cou
nty
Hw
y 1
43
County
Hw
y 143
County
Hw
y 143
County
Hw
y 143
County
Hw
y 143
County
Hw
y 143
County
Hw
y 143
County
Hw
y 143
County
Hw
y 143
County
Hw
y 143
County H
wy 98
County Hw
y 98
County Hwy 98
County H
wy 98
County Hwy 98
County H
wy 98
County Hw
y 98
County Hwy 98
County Hw
y 98
Cou
nty R
oad
48
Co
unty R
oa
d 4
8C
ou
nty R
oa
d 4
8C
ou
nty R
oad
48
Co
unty R
oa
d 4
8C
ou
nty R
oad
48
Co
unty R
oa
d 4
8C
ou
nty R
oa
d 4
8C
ou
nty R
oa
d 4
8
County Road 564BCounty Road 564BCounty Road 564BCounty Road 564BCounty Road 564BCounty Road 564BCounty Road 564BCounty Road 564BCounty Road 564B
Cu
llen B
lvd
Culle
n B
lvd
Culle
n B
lvd
Cu
l len B
lvd
Cul le
n B
lvd
Cu
l len B
lvd
Cul le
n B
lvd
Cul le
n B
lvd
Cul le
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Culle
n B
lvd
Fm
112
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
dF
m 1
12
8 R
d
Fm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 Rd
Fm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 RdFm 2234 Rd
Fm R
d 11
28
Fm R
d 11
28
Fm R
d 11
28
Fm R
d 11
28
Fm R
d 11
28
Fm R
d 11
28
Fm R
d 11
28
Fm R
d 11
28
Fm R
d 11
28
Myka
wa
Rd
Myk
aw
a R
dM
ykaw
a R
dM
yka
wa
Rd
Myk
aw
a R
dM
yka
wa
Rd
Myk
aw
a R
dM
ykaw
a R
dM
ykaw
a R
d
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Ol d
Air
li ne
Rd
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Cartwright RdCartwright RdCartwright RdCartwright RdCartwright RdCartwright RdCartwright RdCartwright RdCartwright Rd
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
F-M
521
Farm-To-Market Road 2334Farm-To-Market Road 2334Farm-To-Market Road 2334Farm-To-Market Road 2334Farm-To-Market Road 2334Farm-To-Market Road 2334Farm-To-Market Road 2334Farm-To-Market Road 2334Farm-To-Market Road 2334
Fm 2234 R
d
Fm 2234 R
d
Fm 2234 R
d
Fm 2234 R
d
Fm 2234 R
d
Fm 2234 R
d
Fm 2234 R
d
Fm 2234 R
d
Fm 2234 R
d
Fo
nd
r en R
dF
ond
r en R
dF
ond
r en R
dF
ond
r en R
dF
ond
r en R
dF
ond
r en R
dF
ond
r en R
dF
ond
r en R
dF
ond
r en R
d
Highway 6
Highway 6
Highway 6
Highway 6
Highway 6
Highway 6
Highway 6
Highway 6
Highway 6
Hill
croft S
t
Hill
croft S
t
Hill
croft S
t
Hill
croft S
t
Hill
croft S
t
Hill
croft S
t
Hill
croft S
t
Hill
croft S
t
Hill
croft S
t
Ridgecreek Dr
Ridgecreek Dr
Ridgecreek Dr
Ridgecreek Dr
Ridgecreek Dr
Ridgecreek Dr
Ridgecreek Dr
Ridgecreek Dr
Ridgecreek Dr
Texas PkwyTexas PkwyTexas PkwyTexas PkwyTexas PkwyTexas PkwyTexas PkwyTexas PkwyTexas Pkwy
W Fuqua Dr
W Fuqua Dr
W Fuqua DrW Fuqua Dr
W Fuqua DrW Fuqua Dr
W Fuqua Dr
W Fuqua DrW Fuqua Dr
Airport B
lvd
Airport B
lvd
Airport B
lvd
Airport B
lvd
Airport B
lvd
Airport B
lvd
Airport B
lvd
Airport B
lvd
Airport B
lvd
Airport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport Blvd
Airport Blvd
Airport Blvd
Airport Blvd
Airport Blvd
Airport Blvd
Airport Blvd
Airport Blvd
Airport Blvd
Airport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport BlvdAirport Blvd
Almeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa RdAlmeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Almeda Genoa Rd
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
Alm
eda R
d
An
ag
nost R
dA
nag
nost R
dA
nag
nost R
dA
nag
nost R
dA
nag
nost R
dA
nag
nost R
dA
nag
nost R
dA
nag
nost R
dA
nag
nost R
d
Anderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson Rd Anderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson RdAnderson Rd
Chim
ne
y R
ock R
dC
him
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock R
dC
him
ne
y R
ock
Rd
Chi m
ne
y R
ock R
dC
hi m
ne
y R
ock
Rd
Chi m
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Ch
imn
ey R
ock R
dC
him
ney R
ock R
dC
him
ney R
ock R
dC
him
ney R
ock R
dC
him
ney R
ock R
dC
him
ney R
ock R
dC
him
ney R
ock R
dC
him
ney R
ock R
dC
him
ney R
ock R
d
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Chim
ne
y R
ock
Rd
Cou
nty
Ro
ad 8
65
Cou
nty
Ro
ad 8
65
Co
un
ty R
oa
d 8
65
Cou
nty
Ro
ad 8
65
Co
un
ty R
oa
d 8
65
Cou
nty
Ro
ad 8
65
Cou
nty
Ro
ad 8
65
Co
un
ty R
oa
d 8
65
Cou
nty
Ro
ad 8
65
Cou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5C
ou
nty
Ro
ad
86
5
Cu
llen
Blv
dC
ulle
n B
lvd
Cu
llen
Blv
dC
ulle
n B
lvd
Cu
llen
Blv
dC
ulle
n B
lvd
Cu
llen
Blv
dC
ulle
n B
lvd
Cu
llen
Blv
d
Cu
llen
Blvd
Culle
n B
lvdC
ulle
n B
lvdC
ulle
n B
lvdC
ulle
n B
lvdC
ulle
n B
lvdC
ulle
n B
lvdC
ulle
n B
lvdC
ulle
n B
lvdC
ulle
n B
lvd
Cu
llen B
lvd
Cu
llen
Blv
dC
ulle
n B
lvd
Cu
llen
Blv
dC
ulle
n B
lvd
Cu
llen B
lvd
Cu
llen
Blv
dC
ulle
n B
lvd
Fon
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
d
Fo
ndre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
ond
ren R
dF
ond
ren R
dF
ond
ren R
dF
ond
ren R
dF
ond
ren R
dF
ond
ren R
dF
ond
ren R
dF
ond
ren R
dF
ond
ren R
d
Fon
dre
n R
dF
on
dre
n R
dF
on
dre
n R
dF
on
dr e
n R
dF
on
dr e
n R
dF
on
dr e
n R
dF
on
dr e
n R
dF
on
dr e
n R
dF
on
dr e
n R
d
Hill
cro
ft A
veH
illcro
ft A
veH
illcro
ft A
veH
illcro
ft A
veH
illcro
ft A
veH
illcro
ft A
veH
illcro
ft A
veH
illcro
ft A
veH
illcro
ft A
ve
Hill
cro
ft A
veH
illcro
ft A
veH
illcro
ft A
ve
Hill
cro
ft A
veH
illcro
ft A
ve
Hill
cro
ft A
veH
illcro
ft A
veH
illcro
ft A
ve
Hill
cro
ft A
veH
illc r
oft
Ave
Hill
c roft
Ave
Hill
c roft
Ave
Hill
c ro
ft A
ve
Hill
c roft
Ave
Hill
c ro
ft A
ve
Hi ra
m C
lark
e R
dH
i ram
Cla
rke R
dH
i ram
Cla
rke R
dH
ir am
Cla
rke R
dH
ir am
Cla
rke R
dH
iram
Cla
rke R
dH
iram
Cla
rke R
dH
iram
Cla
rke R
dH
ir am
Cla
rke R
dH
ir am
Cl a
r ke
Rd
Hir a
m C
l ar k
e R
dH
ir am
Cl a
r ke R
dH
i r am
Cl a
r ke
Rd
Hi r a
m C
l ar k
e R
dH
i r am
Cl a
rke
Rd
Hi r a
m C
l ark
e R
dH
i r am
Cl a
rke R
dH
i r am
Cl a
r ke R
d
Hir
am
Cla
r ke R
dH
iram
Cla
r ke R
dH
iram
Cla
r ke R
dH
iram
Cla
r ke R
dH
iram
Cla
r ke R
dH
iram
Cla
r ke R
dH
iram
Cla
r ke R
dH
iram
Cla
r ke R
dH
iram
Cla
r ke R
d Holmes Rd
Holmes Rd
Holmes Rd
Holmes Rd
Holmes Rd
Holmes Rd
Holmes Rd
Holmes Rd
Holmes RdM
yka
wa R
dM
yka
wa R
dM
yka
wa R
dM
yka
wa R
dM
yka
wa R
dM
yka
wa R
dM
yka
wa R
dM
yka
wa R
d
Myka
wa R
d
Reed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed RdReed Rd
S Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 ES Beltway 8 E
S P
ar k B
l vdS
Par k B
l vd
S P
ar k B
l vd
S P
ar k B
l vdS
Par k B
l vd
S P
ar k B
l vdS
Par k B
l vd
S P
ar k B
l vd
S P
ar k B
l vd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost
Oak
Rd
S P
ost O
ak R
dS
Po
st O
ak R
dS
Po
st O
ak R
dS
Po
st O
ak R
dS
Po
st O
ak R
dS
Po
st O
ak R
dS
Po
st O
ak R
dS
Po
st O
ak R
dS
Po
st O
ak R
dS
Po
st Oa
k Rd
S P
ost O
ak R
dS
Post O
ak R
dS
Po
st Oa
k Rd
S P
ost O
ak R
dS
Po
st Oa
k Rd
S P
ost O
ak R
dS
Post O
ak R
dS
Po
st Oa
k Rd
W Fuqua RdW Fuqua RdW Fuqua RdW Fuqua RdW Fuqua RdW Fuqua RdW Fuqua RdW Fuqua RdW Fuqua Rd
288288
66
288288
1.00 mi1.00 mi1.00 mi1.00 mi1.00 mi1.00 mi1.00 mi1.00 mi1.00 mi
3.00 mi3.00 mi3.00 mi3.00 mi3.00 mi3.00 mi3.00 mi3.00 mi3.00 mi
5.00 mi5.00 mi5.00 mi5.00 mi5.00 mi5.00 mi5.00 mi5.00 mi5.00 mi
© 2
00
7 P
itn
ey B
ow
es M
ap
Info
. A
ll R
igh
ts R
ese
rve
d.
Da
ta S
ou
rce
: P
rin
t D
ate
: 2
1 M
arc
h 2
01
3
Legend
12098 Shadow Creek Pkwy & 2001 Reflection Bay Dr Pearland, Tx 77584
Site Coordinates
Longitude/X:Latitude/Y:
-95.406780 29.577180
N
0 1.25 2.5
Miles
El Fenix
El Chico
On the Border
Chili's
Olive Garder
TABC
Site
Rings
Shopping Centers
Consumer Potential
Cities
County Boundaries
State Boundaries
Ford Scott or Eric Walker281-816-6550
fscott@capitalretailproperties.comewalker@capitalretailproperties.com
SWC of McHard Dr/Shadow Creek Pkwy & Reflection Bay Dr | Pearland, Texas
SEC of Rice Blvd. & US Hwy 59 (Westpark Dr.) | Bellaire, Texas
Uptown Crossing
EQUAL HOUSINGOP P O RT U N I T Y
Approved by the Texas Real Estate Commission for Voluntary Use
efore working with a real estate broker, you shouldBknow that the duties of a broker depend on whomthe broker represents. If you are a prospectiveseller or landlord (owner) or a prospective buyer or
tenant (buyer), you should know that the broker who liststhe property for sale or lease is the owner’s agent. Abroker who acts as a subagent represents the owner incooperation with the listing broker. A broker who acts asa buyer’s agent represents the buyer. A broker may act asan intermediary between the parties if the partiesconsent in writing. A broker can assist you in locating aproperty, preparing a contract or lease, or obtainingfinancing without representing you. A broker is obligatedby law to treat you honestly.
IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into anagreement with the owner, usually through a written -listing agreement, or by agreeing to act as a subagent byaccepting an offer of subagency from the listing broker. Asubagent may work in a different real estate office. Alisting broker or subagent can assist the buyer but doesnot represent the buyer and must place the interests ofthe owner first. The buyer should not tell the owner’sagent anything the buyer would not want the owner toknow because an owner’s agent must disclose to theowner any material information known to the agent.
IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into anagreement to represent the buyer, usually through awritten buyer representation agreement. A buyer’s agentcan assist the owner but does not represent the ownerand must place the interests of the buyer first. The ownershould not tell a buyer’s agent anything the owner wouldnot want the buyer to know because a buyer’s agent mustdisclose to the buyer any material information known to theagent.
IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the partiesif the broker complies with The Texas Real Estate License
Act. The broker must obtain the written consent of eachparty to the transaction to act as an intermediary. Thewritten consent must state who will pay the broker and, inconspicuous bold or underlined print, set forth the broker’sobligations as an intermediary. The broker is required totreat each party honestly and fairly and to comply withThe Texas Real Estate License Act. A broker who actsas an intermediary in a transaction:
(1) shall treat all parties honestly; (2) may not disclose that the owner will accept aprice less than the asking price unless authorized inwriting to do so by the owner; (3) may not disclose that the buyer will pay a pricegreater than the price submitted in a written offerunless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information orany information that a party specifically instructs thebroker in writing not to disclose unless authorized inwriting to disclose the information or required to do soby The Texas Real Estate License Act or a courtorder or if the information materially relates to thecondition of the property.
With the parties’ consent, a broker acting as anintermediary between the parties may appoint a person whois licensed under The Texas Real Estate License Actand associated with the broker to communicate with andcarry out instructions of one party and another person whois licensed under that Act and associated with the brokerto communicate with and carry out instructions of theother party.
If you choose to have a broker represent you, you should enter into a written agreement with the brokerthat clearly establishes the broker’s obligations and yourobligations. The agreement should state how and bywhom the broker will be paid. You have the right tochoose the type of representation, if any, you wish toreceive. Your payment of a fee to a broker does notnecessarily establish that the broker represents you. If youhave any questions regarding the duties andresponsibilities of the broker, you should resolve thosequestions before proceeding.
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a questionor complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.
Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant Date
01A TREC No. OP-K
Recommended