Ravenwood Village Huntsville, Texas

Clay Trozzo
W 832-804-8524
F 832-804-8525
[email protected]
Ravenwood Village
Huntsville, Texas
Anchor: Target, Academy & Kroger
FOR LEASE
Major Tenant / Small Tenant
Lease Space & Pad Sites
To Dallas
170 miles
To Lufkin/Nacodoches
72 miles
To Crockett
49 miles
19
94
AVAILABLE
12,500 SF
Trinity
Waterwood
21 miles
Bryan/
College
Station
HUNTSVILLE
57 miles
18 miles
43 miles
AVAILABLE
Livingston
19
190
30
Navasota
SAM HOUSTON
STATE UNIVERSITY
44 miles
Lake
Livingston
90
Sam Houston
National Forest
Lake
Conroe
Conroe
30 miles
105
Brenham
63miles
Greater
Montgomery County
40 miles
To Houston
69 miles
Location/ NWC Interstate 45 & Smither Road
Traffic Counts/ I-45: 66,000 cpd
Facts/ Smither Road northbound & southbound exit ramps are now installed and in operation.
2007 Average Daily Traffic Counts
Huntsville is the county seat of Walker County (pop: 61,758) and home to Sam Houston State
University with an enrollment of more than 17,000 students.
Huntsville is headquarters for the Texas Department of Criminal Justice which employs over
11,500 people locally.
Huntsville Memorial Hospital - just south of the center - provides cost-effective healthcare to all
of Walker County and the surrounding areas. The hospital employs over 300 people and has 144
patient beds (139,000 SF Hospital Complex).
Demographics 2016/
Population
Avg. HH Income ($)
Number of HH
5mi
10mi
15mi
43,566
47,608
13,472
53,866
51,518
17,315
69,468
55,919
21,163
This property is subject to price change, prior sale or withdrawal from the market at any time. this is a bulletin and not an offer. The information is believed to be
correct, but is not guaranteed and is not necessarily complete. Any offer must be based on the purchaser’s/tenant’s own investigation and not on any
representations made by Property Commerce JW, Inc. or by any selling/leasing broker.
RD
RD
S
IAM
LL
WI
AIRPORT DR
VIN
KE
SPUR 59
RD
45
BRIARWOOD DR
GAINOUS ST
N AVE
HEATO
G ST
D
XR
KN
O
PA
UL
ST
R
D
AM
H
D
W
AY
D
EA
ST
TH
RY
R
PLE
MA
LN
7TH ST
ST
R
K
AN
DR
ST
13TH ST
13TH ST
AVE Q
N
PECA
E
AM
B
AN
RIC
TH
11
14TH ST
15TH ST
DR
S
AVE P
R
DR
15TH ST
T
AVE N
E
AV
30
ÿ
Æ
WHISTLER LN
R
12TH ST
R
RC D
D
OAK
AR
PE
E
AV
ÿ
Æ
A
D
WS
AVE N
PIN
DO
HA
ES
KD
PAR
MAL
D
BOIS
00
20
ST
10TH ST
AVE O
D
RD
LN
LS
HIL
E
ILL
R
FA
O UT R
NDA B
NOR
S DR
RING
LLOW CIR
PKWY
TH
20
T
NV
SO
DI
MA
DR
P
LY S
HOL
O
SLEEPY H
VETERANS MEMORIAL
AVE S
ROU
00
21
1791N
N
SA
EA
L
P
D
OL
H
BUS
AK
S
20TH ST
20TH ST
V
U
VE
IA A
JUL
LR
HIL
KO
O
1900
RAVENWOOD
CROSSING LOT 2
2.44 ACRES
AVE
RY
MA
IC
O
YA
L
ITH
SM
OL
IA
H
1900
RK DR
NORMAL PA
RAVENWOOD
CROSSING LOT 1
1.31 ACRES
R
OR
D
Y
LLE
VA
MA
GN
5N
R
E
PIN
ELMWOOD ST
TIMBERLINE DR
45
WA
Y7
D
ELL
SOW
HI
GH
R
ILL
VE
CH A
ST
AT
E
PEACH TREE ST
§
¦
¨
H
EL
SP
GO
N
BRU
YOU
N
HILL ST
AVE P
ND ST
HOLLA
BROOKSIDE DR
MARY LAKE CT
BROOKVIEW DR
FRASER RD
RD.
¯
2821
§
¦
¨
WIRE
V
U
MI
ZE
SABINE ST
R
RD
ÿ
Æ
NGE
FE
ED
E
75
QUALITY BLVD
TH
L
AL
NW
SE
RO
NO R
G RA
H WA
Y 75
FIRIN
TAM RD
WIRE RD
STAT
E HIG
16TH ST
E
AV
30
R
17TH ST
AVE Q
AVE O
AVE N
AVE P
AVE N 1/2
AVE O
Y
VETERANS MEMORIAL PKW
22ND ST
00
20
23RD ST
DR
ROBINSON WAY
ND
22
§
¦
¨
ST
SMITHER DR
SO
R
00
22
AV
E
M
WIN
D
00
19
ST
ND
22
ST
RM
NO
RK
PA
AL
DR
TLE
CR
00
ST
20
D
R
23
IR
45
HO
R
PA
AL P
ARK
CH
DR
AL
MED
IC
L
ITA
SP
RES
EAR
RM
NO
O U T PA R C E L H
0.98 ACRES
.F.
S
88
§
¦
¨
L
IA
R
TU
KC
EE
R
MO
ME
§
¦
¨
45
DR
LN
DR
ROBINSON CREEK PKW
Y
K
.F.
GAZEBO ST.
R
WA
OD
O
W
DD
R
2
d
oo
t F S.F. O U T P A R C E L F
s
Fa 722
1.52 ACRES
4,
.F.
00
5,0
1374
Y
KW
.F.
V
U
P
IAL
Texas Hair
Team
2,100 S.F.
S
60
8,5
COLLARD ST
R
MO
ME
TENOLIA LANE
Lease Space
1,300 S.F.
S
00
5,0
2
2,500 S.F.
NS
RA
0
2,0
DEVELOPER TRACT
+/- 10.93 ACRES
.F.
6S
TE
VE
2
.F.
S
88
3,5
E
S
d#
on
n P c.
tio 2 A
ten 303
De 0.
0
,65
12
SUMMER PLAC
O U T PA R C E L G
1.14 ACRES
DEERFIELD RD
30
K
3
3,5
e
ac
Sp .F.
e
S
as
Le ,000
5
ÿ
Æ
R
REST LN
d#
on
n P c.
tio 5 A
ten 212
De 0.
S
DD
O
WOOD F
Plan Review
Complete
ce
pa .
e S .F
as 0 S
Le ,25
8
W
H 30
A
TR
OO
ILW
NESTOR RD
ce
pa F.
S
.
e
as 91 S
e
4
L 2,
1
WILLIAMS RD.
R
R
PA
R
T.
DR.
U
SP
SUMAC RD
LC
HIL
AY
BERS W
.
TANGLEWOOD DR
TALL TIM
OD
TWO
WES
HICKORY LAKE DR.
BO
R
KE
O
21ST ST
45
O U T PA R C E L I
1.08 ACRES
90,000 S.F.
BOOKER RD.
AL
ED
IDG
SE
RO
O U T PA R C E L J
1.90 ACRES
e
ac
Sp .F.
e
S
as
Le ,255
7
DEVELOPER TRACT
12.27 ACRES
RM
NO
S TR
WE
LN
G
HI
30
G
HI
30
EST
7,3
E
AT
ST
AY
HW
E
AT
ST
AY
HW
FOR
R.
O U T PA R C E L K
2.05 ACRES
F.
S.
23
DAHLIA DR.
AUTUMN WAY
20TH ST
20TH 1/2 ST
LAGE DR
RAVENWOOD VIL
BRIAR MEADOW
19TH ST
AVE R
.F.
3S
8
3,3
.F.
3S
2
2
2,
100
WILDE
D
AVE R
F.
S.
18TH ST
AVE Q
AVE S
5
,04
14
17TH ST
30
RAVENWOOD
CROSSING LOT 3
3.26 ACRES
RAVENWOOD
CROSSING LOT 4
2.02 ACRES
TIMBE
R
ÿ
ÆÆ
ÿ
30
00
20
63
5,1
F.
S.
O U T PA R C E L E
1.25 ACRES
TALL TIMBERS LN
2,500 S.F.
F.
S.
nk .
Ba S.F
7
0
4,3
.F.
S
00
4,4
.F.
O U T PA R C E L D
1.70 ACRES
TA R G E T T R A C T
9.50 ACRES
S
00
5,2
DAR
O U T PA R C E L A
2.30 ACRES
LW
HITE
RD.
OD
LN
LN
GO
LDE
NR
R
R
BO
AKS
D
WIN
T
ER
WA
Y
R
SP
RIN
ES
W
G
DR
LN
ce
pa .
e S .F
as 0 S
Le 7,50
1
ce
pa F.
S
.
e
as 75 S
e
L 2, 3
1
LN
RD
0
10
RD
R
E
D
EE
TF
SU
MM
ER
1
nk .
Ba S.F
07
4,3
2400
EN
WD
BO
R DR
SMITHE
RD
2400
R DR
SMITHE
R
KE
LA
WILSON RD.
TIC
D
D
KN
O
REL
VE
D
ILL
D
DIR
TR
MA
JES
od
Fo .
st 6 S.F
a
F 64
2,
DEVELOPER TRACT
5.94 ACRES
58,044 S.F.
DR
UB
CL
d#
on
n P c.
tio 8 A
ten 850
De 0.
ce
pa .
S
e S.F
as
Le ,000
5
.
STO
N
GR
O
NI
TY
128,777 S.F.
O U T PA R C E L B
1.23 ACRES
DEVELOPER TRACT
5.90 ACRES
RD
KIN
G
EN
H
DEVELOPER
TRACT
0.54 ACRES
BA
KE
RS
od
Fo .
st 6 S.F
a
F 03
3,
RAV
D.
D
R
PIN
E
UM
NR
SE
RE
OW
ER
R
AU
T
R
IGH
T
D
O U T PA R C E L C
1.30 ACRES
JES
TER
D
LE
EH
HIL
LR
RE
DB
UD
1791
HD
NE
LA
V
U
OU
G
LL
HI
PIN
E
PIN
EY
B
ND
SA
.F.
S
06
3,9
Bay Colony
Nails & Spa
1,800 S.F.
.
0
100 200
400
Feet
K RD
ROBINSON CREE
.
V
U
1374
R
VEY
GAR
October 26, 2015
City of Huntsville
GIS Division
936-294-5784
www.huntsvillegis.com
D.
RD.
SUNSET LAKE
0
0.25
0.5
1
Miles
DISCLAIMER: These data are to be used for graphical representation only. The accuracy is not to be
taken/used as data produced for engineering purposes or by a Registered Professional Land Surveyor
for the State of Texas. For this level of detail, supervision and certification of the produced data by a
Registered Professional Land Surveyor for the State of Texas would have to be performed. The City of
Huntsville assumes no responsibility for the accuracy of said data.
Interstate 45 South Development
Ravenwood Village and Ravenwood Crossing
Huntsville, TX
11000 Brittmoore Park Dr
Suite 200
Houston, TX
281-668-3400
www.propertycommerce.com
945 Bunker Hill, Suite 400
Houston, Texas 77024
Main: 713-973-6400
Leasing: 713-984-1001
www.metronational.com
Lease plans are preliminary in nature and are subject to change.
Ravenwood Village
Huntsville, Texas
Anchor: Target
AVAILABLE
12,500 SF
AVAILABLE
5,000 SF
Sm
AVAILABLE
6,250 SF
ith
INLINE
1,300 SF
er
ad
Ro
5
4
I-
Ravenwood Village Shopping Center - Hunstville, TX
INTERSTATE 45 S AT SMITHER DR, HUNTSVILLE, TX, 77340: Radius Analysis Area Group: Radius 10.0 mile(s)
INTERSTATE 45 S AT SMITHER DR, HUNTSVILLE, TX, 77340: Radius Analysis Area Group: Radius 15.0 mile(s)
INTERSTATE 45 S AT SMITHER DR, HUNTSVILLE, TX, 77340: Radius Analysis Area Group: Radius 5.0 mile(s)
Description
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 10.0
mile(s)
Total
%
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 15.0
mile(s)
Total
%
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 5.0
mile(s)
Total
%
Pop-Facts Summary
Population
2021 Projection
56,289
72,664
45,753
2016 Estimate
53,866
69,468
43,566
2010 Census
51,827
66,658
41,598
2000 Census
47,854
59,559
35,729
Growth 2016 - 2021
4.50%
4.60%
5.02%
Growth 2010 - 2016
3.93%
4.22%
4.73%
Growth 2000 - 2010
8.30%
11.92%
16.43%
Households
2021 Projection
18,058
22,073
14,124
2016 Estimate
17,315
21,163
13,472
2010 Census
16,791
20,494
12,980
2000 Census
14,493
17,825
10,957
Growth 2016 - 2021
4.29%
4.30%
4.84%
Growth 2010 - 2016
3.12%
3.26%
3.79%
Growth 2000 - 2010
15.86%
14.97%
18.46%
Family Households
2021 Projection
10,016
12,845
7,141
2016 Estimate
9,651
12,361
6,842
2010 Census
9,410
12,015
6,623
2000 Census
8,654
11,052
6,090
Growth 2016 - 2021
3.77%
3.92%
4.36%
Growth 2010 - 2016
2.57%
2.87%
3.31%
Growth 2000 - 2010
8.74%
8.71%
8.76%
Pop-Facts Demographics
Pop-Facts Premier 2016
Report Generated May 4, 2016 12:13:23 PM EDT
2 of 7
Copyright 2016, The Nielsen Company.
Ravenwood Village Shopping Center - Hunstville, TX
Description
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 10.0
mile(s)
Total
%
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 15.0
mile(s)
Total
%
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 5.0
mile(s)
Total
%
Pop-Facts Population Quick Facts
2016 Est. Population by Age
53,866
69,468
43,566
Age 0 - 4
2,416
4.49%
2,922
4.21%
1,815
4.17%
Age 5 - 9
2,415
4.48%
2,936
4.23%
1,808
4.15%
Age 10 - 14
2,295
4.26%
2,915
4.20%
1,614
3.71%
Age 15 - 17
1,873
3.48%
2,279
3.28%
1,522
3.49%
Age 18 - 20
4,493
8.34%
4,959
7.14%
4,117
9.45%
Age 21 - 24
7,249
13.46%
8,047
11.58%
6,605
15.16%
Age 25 - 34
8,428
15.65%
10,714
15.42%
7,144
16.40%
Age 35 - 44
6,576
12.21%
9,313
13.41%
5,408
12.41%
Age 45 - 54
6,722
12.48%
9,728
14.00%
5,305
12.18%
Age 55 - 64
5,379
9.99%
7,524
10.83%
3,901
8.96%
Age 65 - 74
3,533
6.56%
4,883
7.03%
2,480
5.69%
Age 75 - 84
1,768
3.28%
2,365
3.40%
1,265
2.90%
Age 85 and over
719
1.33%
882
1.27%
580
1.33%
Age 16 and over
46,129
85.64%
59,954
86.30%
37,831
86.84%
Age 18 and over
44,866
83.29%
58,415
84.09%
36,806
84.48%
Age 21 and over
40,374
74.95%
53,456
76.95%
32,690
75.03%
Age 65 and over
6,020
11.18%
8,130
11.70%
4,326
9.93%
2016 Est. Median Age
32.3
35.0
31.0
2016 Est. Average Age
36.4
37.7
35.6
2016 Est. Population by Single-Classification
Race
53,866
69,468
43,566
White Alone
35,105
65.17%
45,874
66.04%
27,366
62.81%
Black or African American Alone
12,160
22.58%
15,753
22.68%
10,750
24.68%
American Indian and Alaska Native Alone
271
0.50%
333
0.48%
188
0.43%
Asian Alone
721
1.34%
780
1.12%
667
1.53%
41
0.08%
44
0.06%
37
0.08%
Some Other Race Alone
4,369
8.11%
5,252
7.56%
3,600
8.26%
Two or More Races
1,198
2.22%
1,432
2.06%
958
2.20%
Native Hawaiian and Other Pacific Islander
Alone
2016 Est. Population by Ethnicity (Hispanic or
Latino)
53,866
Hispanic or Latino
10,550
Pop-Facts Demographics
Pop-Facts Premier 2016
Report Generated May 4, 2016 12:13:23 PM EDT
69,468
19.59%
3 of 7
12,719
43,566
18.31%
8,594
Copyright 2016, The Nielsen Company.
19.73%
Ravenwood Village Shopping Center - Hunstville, TX
Description
Not Hispanic or Latino
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 10.0
mile(s)
Total
43,316
%
80.41%
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 15.0
mile(s)
Total
56,749
%
81.69%
Total
34,972
%
80.27%
2016 Est. Population by Sex
53,866
Male
30,373
56.39%
41,072
59.12%
25,216
57.88%
Female
23,493
43.61%
28,396
40.88%
18,350
42.12%
Pop-Facts Demographics
Pop-Facts Premier 2016
Report Generated May 4, 2016 12:13:23 PM EDT
69,468
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 5.0
mile(s)
4 of 7
43,566
Copyright 2016, The Nielsen Company.
Ravenwood Village Shopping Center - Hunstville, TX
Description
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 10.0
mile(s)
Total
%
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 15.0
mile(s)
Total
%
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 5.0
mile(s)
Total
%
Pop-Facts Household Quick Facts
2016 Est. Households by Household Income
17,315
21,163
13,472
Income < $15,000
4,382
25.31%
4,871
23.02%
3,889
28.87%
Income $15,000 - $24,999
2,125
12.28%
2,370
11.20%
1,743
12.94%
Income $25,000 - $34,999
2,369
13.68%
2,777
13.12%
1,909
14.17%
Income $35,000 - $49,999
1,988
11.48%
2,449
11.57%
1,537
11.41%
Income $50,000 - $74,999
2,812
16.24%
3,664
17.31%
1,944
14.43%
Income $75,000 - $99,999
1,834
10.59%
2,441
11.54%
1,269
9.42%
Income $100,000 - $124,999
796
4.60%
1,130
5.34%
493
3.66%
Income $125,000 - $149,999
305
1.76%
471
2.22%
173
1.28%
Income $150,000 - $199,999
273
1.58%
375
1.77%
200
1.48%
Income $200,000 - $249,999
131
0.75%
177
0.84%
91
0.67%
Income $250,000 - $499,999
198
1.14%
282
1.33%
147
1.09%
Income $500,000+
101
0.59%
156
0.74%
79
0.59%
2016 Est. Average Household Income
$51,518
$55,919
$47,608
2016 Est. Median Household Income
$34,076
$38,450
$30,784
White Alone
$40,277
$45,511
$34,206
Black or African American Alone
$18,051
$18,514
$16,725
American Indian and Alaska Native Alone
$34,673
$41,058
$32,710
Asian Alone
$23,380
$24,264
$22,719
Native Hawaiian and Other Pacific Islander
Alone
$38,847
$42,157
$35,492
Some Other Race Alone
$41,659
$43,462
$39,134
Two or More Races
$45,252
$46,888
$42,570
Hispanic or Latino
$33,313
$34,993
$31,724
Not Hispanic or Latino
$34,322
$39,099
$30,456
17,315
21,163
13,472
2016 Median HH Inc. by Single-Classification
Race
2016 Est. Households by Household Type
Family Households
9,651
55.74%
12,361
58.41%
6,842
50.79%
Nonfamily Households
7,664
44.26%
8,803
41.59%
6,630
49.21%
2016 Est. Group Quarters Population
12,004
17,892
11,878
2016 Est. Households by Household Size
17,315
21,163
13,472
Pop-Facts Demographics
Pop-Facts Premier 2016
Report Generated May 4, 2016 12:13:23 PM EDT
5 of 7
Copyright 2016, The Nielsen Company.
Ravenwood Village Shopping Center - Hunstville, TX
Description
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 10.0
mile(s)
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 15.0
mile(s)
INTERSTATE 45 S AT
SMITHER DR, HUNTSVILLE,
TX, 77340: Radius Analysis
Area Group: Radius 5.0
mile(s)
1-person
Total
4,991
%
28.83%
Total
5,949
%
28.11%
Total
4,144
%
30.76%
2-person
6,036
34.86%
7,427
35.09%
4,662
34.61%
3-person
2,762
15.95%
3,413
16.13%
2,102
15.60%
4-person
2,040
11.78%
2,497
11.80%
1,533
11.38%
5-person
908
5.25%
1,141
5.39%
639
4.74%
6-person
368
2.13%
477
2.25%
244
1.81%
7-or-more-person
209
1.21%
259
1.22%
147
1.09%
2016 Est. Average Household Size
2.42
2.44
2.35
2016 Est. HHs by Type by Presence of Own
Children
9,651
12,361
6,842
Married-Couple Family, own children
2,513
26.04%
3,235
26.17%
1,724
25.20%
Married-Couple Family, no own children
4,099
42.47%
5,438
43.99%
2,776
40.58%
Male Householder, own children
322
3.34%
412
3.33%
233
3.41%
Male Householder, no own children
500
5.18%
599
4.85%
394
5.76%
1,261
13.07%
1,491
12.06%
1,001
14.63%
956
9.90%
1,186
9.59%
714
10.43%
Female Householder, own children
Female Householder, no own children
Pop-Facts Demographics
Pop-Facts Premier 2016
Report Generated May 4, 2016 12:13:23 PM EDT
6 of 7
Copyright 2016, The Nielsen Company.
Prepared For:
Prepared on: Thurs Apr 09, 2015
Page 1 of 2
INTERSTATE 45 S AT SMITHER DR
HUNTSVILLE,TX 77340
Coord: 30.705368, -95.560953
Radius - See Appendix for Details
© 2015 The Nielsen Company. All rights reserved. © 2006-2014 TomTom
Prepared By:
Nielsen Solution Center 1 800 866 6511
Area Map
Approved by the Texas Real Estate Commission for Voluntary Use
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
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 inw riting 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.
efore 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
represents 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.
B
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 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.
IF THE BROKER ACTS AS AN INTERMEDIARY:
A broker may act as an intermediary between the parties if
the broker complies with The Texas Real Estate License Act.
Real estate licensees asks that you acknowledge receipt of this information about brokerage services for the licensee's records.
Buyer, Seller, Landlord or 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 comp laint
regarding a real estate licensee, you should contact TREC at P O Boc 12188, Ausin, Texas 78711-2188 or 512-465-3960
Realty One Software, PO Box 2489, Amarillo, TX 79105 (888) 383-8515
038
Provided by: Property Commerce
ID: Texas RE Broker