ranchos sierra del nido
Transcription
ranchos sierra del nido
RANCHOS SIERRA DEL NIDO CHIHUAHUA, MEXICO $12,000,000 USD | 21,567± HECTARES OR 53,293 ± ACRES LISTING AGENT: TYLER JACOBS 543 WILLIAM D. FITCH, STE 104 COLLEGE STATION, TEXAS 77845 P: 979.690.9933 M: 936.537.1749 [email protected] Land… that’s where it all begins. Whether it is ranch land or family retreats, working cattle ranches, plantations, farms, estancias, timber or recreational ranches for sale, it all starts with the land. Since 1946, Hall and Hall has specialized in serving the owners and prospective owners of quality rural real estate by providing mortgage loans, appraisals, land management, auction and brokerage services within a unique, integrated partnership structure. Our business began by cultivating long-term relationships built upon personal service and expert counsel. We have continued to grow today by being client-focused and results-oriented—because while it all starts with the land, we know it ends with you. W I TH O F F I C ES I N : E ATON, C O LO R A DO B I LLI N G S , M O N TA N A D ENVE R , C O LO R A D O B OZ EM A N , M O N TA N A STE A M BOAT SP R INGS, C O LO R A DO M I S S O U LA , M O N TA N A SU N VA LLE Y, I DA H O B U F FA LO, W YO M I N G H U TCH INSON , KA N S A S C O LL EG E STAT I O N , T EXA S NORTH PLATTE, NEBRAS KA LU B B O C K , TE XA S S O U TH E A STE R N U S SA LES © | AU CTIONS 20 1 5 H A LL A ND H A LL | | FINANCE | A P P R A I S A LS W W W. H A LLA N D H A LL.C O M — 2 – | | M A N AG EM EN T I N FO @ H A LLA N DH A LL.C O M EXECUTIVE SUMMARY Ranchos Sierra del Nido is comprised of approximately 53,293 acres of high mountain ranchland in central Chihuahua, Mexico. This is a place where mountain peaks reaching close to 10,000 feet rise above the high undulating mesas of rangeland and steep timbered valleys below. Numerous spring-fed creeks run through the canyon floors and from the mesa tops where they create a few spectacular seasonal waterfalls. An abundance of large game and timber resources combined with quality cattle production all contribute to the uniqueness of the ranch. Above all else, the ranch’s mountain beauty is unique and unexpected to most persons familiar with ranchland in Mexico. While currently under-improved, the ranch possesses a scale of beauty and biological diversity rarely found in such large acreage offerings. Rugged alpine peaks give way to aspen groves and lush creek bottoms that contrast strikingly with the grama grass, zacaton, and pinon-covered mesas below. Broad and well-grassed canyons continue in an almost never-ending climb to the summits. Miles of well-developed internal ranch roads provide accessibility to much of the ranch, while rustic and aged improvements sustain the current ranch tenant. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 3 – | I N FO @ H A LLA N DH A LL.C O M LOCATION The ranch is an easy 3.5 hour drive south from El Paso, Texas or just over an hour’s drive from Chihuahua City – both of which are served by U.S and Mexican air carriers. Specifically, the ranch is located roughly 7 miles north of the Mennonite farming community of Santa Clara and accessed off of Highway 27 south of the town of San Lorenzo. Current and historic vehicular access to the ranch is provided via a permanent easement though the Preito family’s Rancho del Manga consisting of approximately 10 miles of graded road via gated entrance at the highway. A 2,500-foot dirt landing strip located on the ranch has historically provided quick small aircraft or helicopter access from Chihuahua City. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 4 – | I N FO @ H A LLA N DH A LL.C O M El Nido and Pajarito Ranges RS Futch Dot Com Ranch Access Easement Page 1 of 1 27 Larger Map LOCALE The ranch encompasses nearly the entire southwestern slope of the El Nido and Pajarito ranges of the Sierra Madre Oriental formation in central Chihuahua, Mexico. The ranch overlooks the great Mexican Plateau to the west, most of which resembles the highland ranches of west Texas. Neighboring properties along the southern and western borders of the property are large, privatelyheld cattle ranches of 3,000 or more hectares (7,410± acres) with one small “ejido” or communal farm to the north. The eastern ranch boundary is in a more natural state, generally reaching the summit Large Adjacent Landowners divide of the mountains where it runs south, paralleling a large private ranch to the east. The surrounding communities are a unique blend of Mennonite settlements (“campos”) and the small villages typical of northern Mexico. Passing through the valley below the ranch one will note large, modern farms with familiar equipment and methods typical of the midwestern United States. Indeed, the local English speaking Mennonite community offers many excellent amenities and necessities such as restaurants, farm and ranch supply stores, tire shops, mechanics, and groceries. More traditional Mexican service providers and trades are located in nearby villages such as Santa Clara Namiquipa or San Lorenzo. This is a place of rich lands and cultural diversity where the natural resources safely reside in a beautiful setting and the seemingly stable and safe region of Chihuahua. http://www.rsfutch.com/index2.php?option=com_jce&task=popup&img=images/stories/Chi... 3/2/2015 © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 5 – | I N FO @ H A LLA N DH A LL.C O M GENERAL DESCRIPTION Legally consisting of two contiguous properties -- Sierra del Nido and Rancho el Mesteno -Ranchos Sierra del Nido has been managed historically as a high mountain cow/calf ranch As such, one can expect a quiet and serene environment, punctuated by the culture of traditional agrarian Mexico. The ranch also serves the owner who is interested in enhancing the property’s many water, timber, wildlife, and alpine resources. Abundant canyon streams and springs are well situated to develop reservoirs capitalizing on the above-average precipitation of the area and could be further leveraged to benefit both game and livestock on the ranch. In estimating a possible 1,200 animal unit carrying capacity, further inquiry is truly needed, but the assumption is that this number is conservative and likely limited only by management and infrastructure. The ranch consists of a functional set of residential improvements that sustain labor and tenants. For a new owner there are literally dozens of stunning sites across the ranch from which to choose to construct a secluded residential compound. There are ridgeline views that are immeasurable and canyons so beautifully remote as to almost make the land planning options overwhelming. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 6 – | I N FO @ H A LLA N DH A LL.C O M The timber assets on Ranchos Sierra del Nido are abundant and varied. While there have been some estimations of this, the detailed quantities and values should be updated for a new landowner. Timber in Chihuahua is permitted through licensing with Mexican authorities, and the ranch has harvested timber in limited amounts in the distant and recent past. The timber value alone may nominally represent as much as 50% of the offering price, which further amplifies the value pricing in this offering. When combined with opportunities for developing the water resources of the ranch, the potential for enhancing the ecological, wildlife, physical, and agricultural features of the ranch will truly excite and inspire any land steward. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 7 – | I N FO @ H A LLA N DH A LL.C O M ACREAGE Sierra del Nido: 29,254± Acres (11,839± Hectares) Rancho el Mesteno: 24,038± Acres ( 9,728± Hectares) Total Acres / Hectares: 53,293± Acres (21,567± Hectares) Both properties are currently held by a US citizen through fee simple ownership. ACREAGE BREAKDOWN 90± acres cultivation, most recently oats or formerly alfalfa. Approximately half of the gross acreage would be considered grassland/short timber mesa, while the other half would be considered alpine range, canyon, valley, or summit. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 8 – | I N FO @ H A LLA N DH A LL.C O M LEASES AND PERMITS The ranch’s grazing rights are currently leased to a neighboring rancher, under short term agreement. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 9 – | I N FO @ H A LLA N DH A LL.C O M IMPROVEMENTS Current improvements are rustic but have served the current cattle operation well. The main headquarters includes two small, rustic ranch houses suitable for ranch staff or as a base camp for hunting future operations. Directly across from these homes are a large set of cattle corrals, complete with a scale, squeeze chutes, horse pens, ranch hand quarters and storage areas. Several smaller corrals are located throughout the ranch. An existing 2,500 foot dirt airstrip is located near the headquarters. Though usable, the airstrip would benefit from reconditioning. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 10 – | I N FO @ H A LLA N DH A LL.C O M CLIMATE The ranch and Sierra del Nido range reportedly receive nearly 25 inches of precipitation per year, most of which falls between the months of June and September. Generally, the climate will mirror that of most high desert mountain ranges in the southwestern United States. While lower elevations will be more arid and significantly warmer, the summertime temperatures here will reach into the high 70s and low 80s, with cool mornings and evenings. Winters are relatively mild in the lower elevations of the ranch. However, it is not uncommon for the ranch to receive significant snowfall in the winter season, especially at the higher elevations. While there are significant micro-climates on the ranch, the average annual temperature is approximately 65°F. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 11 – | I N FO @ H A LLA N DH A LL.C O M GENERAL OPERATION Ranchos Sierra del Nido have historically been operated as working cattle ranches. The properties are currently utilized for grazing by a tenant and have seen some selective logging of pine and oak. Though not utilized, the ranch’s expansive size and diversity of wildlife and terrain offer endless opportunities for those interested in conservation or recreation. The future development of the wildlife resources and the management thereof is key for long-term planning and offers a significant income opportunity. Of particular focus are Boone and Crocket Coue’s deer as well as the Gould’s turkey. The diversity and habitat of this large ranch offers a balance and available range uncommon in North America, supporting a wilderness character unlike any other. The environment and terrain of Ranchos Sierra del Nido is also conducive of an exceptional mountain lion hunt, currently allotting up to 20 tags per year, as well as tremendous black bear which occur in a number of color variations. The combination of cattle, conservation, recreation, and hunting offers a comprehensive operation that can be leveraged and shaped with tremendous impact. Ranchos Sierra del Nido is truly unique across such a varied and beautiful landscape. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 12 – | I N FO @ H A LLA N DH A LL.C O M Endless possibilities abound at Ranchos Sierra del Nido for a magnificent multifaceted mecca. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 13 – | I N FO @ H A LLA N DH A LL.C O M WATER RESOURCES Nearly a dozen creeks fed by both a huge seasonal watershed and numerous undeveloped springs provide water throughout the ranch. Though there are two large stock ponds, the overall water resources are relatively undeveloped and could be significant augmented through building additional earthen dams as well as through the implementation of solar pumps and gravity tanks. While accurate data is hard to find in this region, the ranch catches an above-average amount of precipitation with the western front of the property engaging the pacific moisture moving east, providing upwards of 25 inches of precipitation annually. There is a water well casing near the headquarters, but further details are unknown at this time. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 14 – | I N FO @ H A LLA N DH A LL.C O M 315000 320000 325000 330000 335000 S an Fe li p W e La E rv a La M a de r a S lt o i ar s ta ño V E lM 3265000 3265000 es as L te Lo s A l am La os s An im as El 3270000 3270000 Le r oy El S a Cu 3275000 3275000 N io E n m ed o de E l D ia blo lA la m o Lo s Co El Es co nd E El Ta s ca t c on os os Lo s Pr ie to s 3260000 3260000 La T ij er a id o A r ro y o Map exert from ecological report. - Available upon request. 315000 320000 325000 330000 335000 Figura 9. Condición de funcionalidad de áreas ribereñas en los principales cauces d Rancho Sierra de © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 15 – | I N FO @ H A LLA N DH A LL.C O M GRAZING RESOURCE Ranchos Sierra Del Nido is divided into roughly 15 primary pastures, though not all currently have sustainable livestock water. Additional quality grazing areas are available, but have not been utilized or are underutilized as they are either in need of fencing or water development. Strong native grama grass is complemented by bluestems, buffalo grass, galleta grass, and several muhly grass species. Generally speaking, the majority of the range is in fair-to-excellent condition. The fertile soils of the mesas, lower pastures, canyon floors, and cultivated fields support the current cattle herd with little to no external inputs. TIMBER RESOURCE The largest and most valuable timber resource consists of ponderosa pine, accompanied by pinyon pine, Chihuahuan pine, Mexican Douglas fir, Oyamel fir, Gambel’s oak, three additional species of oak, white willow, aspen, cottonwood, and even Arizona madrone. While a current timber valuation would be prudent for any buyer, the current owner believes that the timber value alone may nominally represent as much as 50 percent of the offering price. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 16 – | I N FO @ H A LLA N DH A LL.C O M WILDLIFE RESOURCES • Coue’s whitetail • Mountain lion • Thick-billed parrot • Black bear • Montezuma or Mearn’s quail • Short-eared quetzal • Gould’s turkey • Javelina • Elegant trogon © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 17 – | I N FO @ H A LLA N DH A LL.C O M RECREATIONAL CONSIDERATIONS The size of Ranchos Sierra del Nido alone offers unique recreational opportunities while the endless canyons, mountain tops, timber and wildlife set up the property to be a recreational treasure. The current owner has a 167-page study completed in 2009, detailing most of the possibilities and revenue expectations involving recreational development of the ranch. A comprehensive ecological and biological survey is also included. Please contact the listing broker for a copy. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 18 – | I N FO @ H A LLA N DH A LL.C O M AESTHETIC CONSIDERATIONS This ranch will impress upon any visitor the stunning beauty and diversity unexpectedly offered in a Mexican ranch. Not only is the ranch aesthetically exceptional, so are the surrounding foothill ranchlands, resembling the best of the highland ranches in the Marfa area of far west Texas. The aspen trees, breathtaking views, and unrivaled serenity offer true joy around every canyon bend. The general nature of this ranch, from its staggering mountainside sheer faces, aspen and pine forests, frigid canyon hide-aways, and sun-warmed grassy rangelands provide a truly unexpected first experience. HISTORY There are ancient pictographs located not far from the headquarters compound, but most of the ranch’s history is yet to be discovered. Ranchos Sierra del Nido has been owned by a family from the US for approximately 12 years. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 19 – | I N FO @ H A LLA N DH A LL.C O M TAXES Property taxes are approximately $2,400 per year. WATER RIGHTS All vested water rights are understood to be intact, subject to the governing authorities of Mexico. MINERAL RIGHTS All vested mineral rights are understood to be intact, subject to the governing authorities of Mexico. ADDITIONAL INFORMATION There has been a significant amount of interest in wind farm development on this ranch. It has been communicated to the seller that future joint cooperation in such a venture would be of significant interest to the wind farm development group. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 20 – | I N FO @ H A LLA N DH A LL.C O M BROKER’S COMMENT This is likely the finest mountain ranch, in its native state, that this broker has had the pleasure of visiting. The sheer size of the property offering is quite impressive, but it never seems to lack in quality. The possibilities to develop Ranchos Sierra del Nido are quite endless, whether agriculturally or recreationally or some combination of both. The mountain ecology, the abundant game, and the pristine setting all contribute to making this ranch exceptionally memorable. It is also of notable comment, that while there seems to be some apprehension about personal safety in Mexico, this broker nor his travel companions experienced any threat or concern in our travels to the ranch. Reasonable caution is warranted on highways and small cities, and one should avoid known troubled areas. To the largest degree of expression, the broker will have no concern in returning again as opportunity allows. Overall, Mexico is a country with great people and fine ranches. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 21 – | I N FO @ H A LLA N DH A LL.C O M Click on map above for link to Google Earth map of property. PRICE $12,000,000 USD TERMS Cash at closing, or other terms acceptable to Seller. SPECIAL CONDITIONS Hall and Hall advises all purchasers of real property to consider acquiring title insurance, which is commonly available in Mexico. Please be aware of travel dangers within Mexico. Contact the US State Department for more information. Showing to qualified clientele will be arranged by appointment with necessary travel arrangements confirmed. NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, building measurements, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 22 – | I N FO @ H A LLA N DH A LL.C O M ADDITIONAL SERVICES OFFERED BY HALL AND HALL 1. MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs. Wes Oja and Jerome Chvilicek at (406) 656-7500 or Randy Clavel at (308) 534-9000 are available to describe and discuss these services in detail and welcome your call. 2. RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources. Wes Oja or Jerome Chvilicek at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call. 3. AUCTIONS - Hall and Hall Auctions offers “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate. Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation. Extreme attention to detail and complete transparency coupled with Hall and Hall’s “rolodex” of over 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day. For more information on our auction services contact Scott Shuman at (800) 829-8747. 4. SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to the intermountain west. In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and strong relationships with our lenders allows us to quickly tell you whether we can provide the required financing. Competitive Pricing | Flexible Terms | Efficient Processing In-House Appraisals | Common Sense Underwriting Dave Roddy • (406) 656-7500 | Mike Hall or Judy Chirila • (303) 861-8282 Randy Clavel • (308) 534-9000 | Monte Lyons • (806) 698-6882 © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 23 – | I N FO @ H A LLA N DH A LL.C O M UNDERSTANDING WHOM REAL ESTATE AGENTS REPRESENT In f orma t i o n a bou t B r o k e r a g e S e r v ic e s : B ef o r e w o rk i n g w i t h a r e a l e s ta te b r o k e r, y o u s h o u l d k n o w t h a t t h e d u t i e s o f a b r o k e r d e p e n d o n w h o m t h e b r o k er r ep r esen ts. I f yo u a re a p ro s p e c t i v e s e lle r o r la n d lo r d ( o w n e r ) o r a p r o s p e c t i v e b u y e r o r t e n a n t ( b u y e r ) , y o u s h o u l d k n o w th at th e br ok er w ho l i s t s t he pr o p e r ty f o r s a le o r le a s e is th e o w n e r ’s a g e n t . A b r o k e r w h o a c t s a s a s u b a g e n t r e p r e sen ts th e o wn er i n coo pe ra t i on w i t h t h e lis tin g b r o k e r. A b r o k e r w h o a c t s a s a b u y e r ’s a g e n t r e p r e s e n t s t h e b u y e r. A b r o k e r m ay act as an i nt er me di a ry be t w e e n th e p a r tie s if th e p a r tie s c o n s e n t i n w r i t i n g . A b r o k e r c a n a s s i s t y o u i n l o c a t i n g a p r o per ty, p r ep ar in g a con t r a c t o r l e a s e , o r o b ta in in g f in a n c in g w ith o u t r e p r e s e n t i n g y o u . A b r o k e r i s o b l i g a t e d b y l a w t o t r e a t yo u h o n estly. If t h e B r o ke r R e pr e s e n ts th e O w n e r : T h e b r o k e r be c om e s th e o w n e r ’s a g e n t b y e n te r in g i n t o a n a g r e e m e n t w i t h t h e o w n e r, u s u a l l y t h r o u g h a wr itten listin g agr eeme nt , o r by a gre e in g to a c t a s a s u b a g e n t b y a c c e p t i n g a n o ff e r o f s u b a g e n c y f r o m t h e l i s t i n g b r o ker. A su b ag en t may wo rk i n a d i ffe re n t r e a l e s ta te o ff ic e . A lis tin g b r o k e r o r s u b a g e n t c a n a s s i s t t h e b u y e r b u t d o e s n o t r e p resen t th e b u y er and mus t pl a c e t h e i nte r e s ts o f th e o w n e r f ir s t. T h e b u y e r s h o u l d n o t t e l l t h e o w n e r ’s a g e n t a n y t h i n g t h e bu y er wo u ld n o t want t he o w ne r t o kno w b e c a u s e a n o w n e r ’s a g e n t m u s t d i s c l o s e t o t h e o w n e r a n y m a t e r i a l i n f o r m a t i o n k n o w n to th e ag en t. If t h e B r o ke r R e pr e s e n ts th e B u y e r : T h e B r o ke r be c om e s th e b u y e r ’s a g e n t b y e n te r in g i n t o a n a g r e e m e n t t o r e p r e s e n t t h e b u y e r, u s u a l l y t h ro u g h a wr itten bu yer r e pre s e nt a t i on a g r e e m e n t. A b u y e r ’s a g e n t c a n a s s i s t t h e o w n e r, b u t d o e s n o t r e p r e s e n t t h e o w n e r a n d m u st p lace th e i nt er est s o f t h e buye r f ir s t. T h e o w n e r s h o u ld n o t te l l a b u y e r ’s a g e n t a n y t h i n g t h e o w n e r w o u l d n o t w a n t t h e b u y er to k n o w, becau se a b uye r ’s a ge n t m u s t d is c lo s e to th e b u y e r a n y m a t e r i a l i n f o r m a t i o n k n o w n t o t h e a g e n t . If t h e B r o ke r A c t s as a n I n te r m e d ia r y : A br ok e r m a y a c t a s a n in te r m e d ia r y b e tw e e n th e p a r t i e s . T h e b r o k e r m u s t o b t a i n t h e w r i t t e n c o n s e n t o f e a ch p ar ty to th e t r an sacti on t o a c t a s a n in te r m e d ia r y. T h e w r itte n c o n s e n t m u s t s t a t e w h o w i l l p a y t h e b r o k e r a n d , i n c o n s p icu o u s b o ld o r un der l i ne d pri nt , s e t f o r th th e b r o k e r ’s o b lig a tio n s a s a n i n t e r m e d i a r y. T h e b r o k e r i s r e q u i r e d t o t r e a t e a c h p ar ty h o n estly and f ai r l y. A bro ke r w h o a c ts a s a n in te r m e d ia r y in a t r a n s a c t i o n : • S hall t re a t a l l p a rtie s h o n e s tly. • M ay not d i s c l os e th a t th e o w n e r w ill a c c e p t a p r i c e l e s s t h a n t h e a s k i n g p r i c e u n l e s s a u t h o r i z e d i n w r i t in g to d o so b y t he o w ne r. • M ay n ot di s c l os e th a t th e b u y e r w ill p a y a p r i c e g r e a t e r t h a n t h e p r i c e s u b m i t t e d i n a w r i t t e n o ff e r u nless au th o r ized i n w ri t i ng t o d o s o b y th e b u y e r. • M ay n ot di s c l os e a n y c o n f id e n tia l in f o r m a tio n o r a n y i n f o r m a t i o n t h a t a p a r t y s p e c i f i c a l l y i n s t r u c t s th e b r o k er in wr i ti n g not t o di s c lo s e u n le s s a u th o r iz e d in w r i t i n g t o d i s c l o s e t h e i n f o r m a t i o n , o r b y a c o u r t o r d e r o r i f th e in f o r m atio n mat e ri a l l y re l a t e s to th e c o n d itio n o f th e p r o p e r t y. Wi t h t h e p a r t i e s ’ c o n s e n t , a b r o k e r a c t i n g a s a n i n t e r med iar y b etween t he pa rt i e s m a y a p p o in t a p e r s o n w h o is lic e n s e d a n d a s s o c i a t e d w i t h t h e b r o k e r t o c o m m u n i c a t e w i t h an d car r y o u t i nst ru c t i o ns of one p a r ty a n d a n o th e r p e r s o n w h o i s l i c e n s e d a n d a s s o c i a t e d w i t h t h e b r o k e r t o c o m m u n icate with an d car r y o ut i n s t ru c t io n s o f th e o th e r p a r ty. If You C h oos e t o h a v e a B r o k e r R e p r e s e n t Yo u : Yo u sho u l d e n t e r i nt o a w r itte n a g r e e m e n t w ith t h e b r o k e r t h a t c l e a r l y e s t a b l i s h e s t h e b r o k e r ’s o b l i g atio n s an d y o u r ob l i gat ions . The a g re e m e n t s h o u ld s ta te h o w a n d b y w h o m t h e b r o k e r w i l l b e p a i d . Yo u h a v e t h e r i g h t t o c h o o se th e ty p e o f r ep r esen t a t i on, i f a ny, y o u w is h to r e c e iv e . Yo u r p a y m e n t o f a f e e t o a b r o k e r d o e s n o t n e c e s s a r i l y e s t a b l i s h th at th e b r o k er r ep r esen t s y ou. If you h a v e a n y q u e s tio n s r e g a r d in g t h e d u t i e s a n d r e s p o n s i b i l i t i e s o f t h e b r o k e r, y o u s h o u l d r eso lv e th o se qu est i o n s be fore p ro c e e d in g . R e a l e s ta te lic e n s e e a s k s t h a t y o u a c k n o w l e d g e r e c e i p t o f t h i s i n f o r m a t i o n ab o u t b r o k er ag e ser vi ces fo r t h e l i c e ns e e ’s r e c o r d s . Ty le r J a c o b s o f H a ll a n d H a l l i s t h e e x c l u s i v e a g e n t o f t h e S e l l e r. © 20 1 5 H A LL A ND H A LL | W W W. H A LLA N D H A LL.C O M — 24 – | I N FO @ H A LLA N DH A LL.C O M