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BEACON CIRCLE BEACON CIRCLE BEACON CIRCLE PALM COVE Home Prices up to $925K TOWNHOMES TOWNHOMES UNDER CONTRACT WATER FRONT HOMES WATER FRONT HOMES PATIO HOMES PATIO HOMES UNDER CONTRACT BROKER CONTACT Tom Dosch, Principal | [email protected] | 713.955.3125 Beacon Island ±24 Acres on Lighthouse Blvd Multifamily, Townhome, & Patio Home Opportunities off of Clear Lake

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Page 1: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

dmre.com 1

BEACON CIRCLEBEACON CIRCLEBEACON CIRCLE

PALM COVEHome Prices up to $925K

TOWNHOMESTOWNHOMES

UNDER CONTRACT

WATER FRONTHOMES

WATER FRONTHOMES

PATIO HOMESPATIO HOMES

UNDERCONTRACT

BROKER CONTACT Tom Dosch, Principal | [email protected] | 713.955.3125

Beacon Island ±24 Acres on Lighthouse BlvdMultifamily, Townhome, & Patio Home Opportunities off of Clear Lake

Page 2: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

dmre.com 2

BEACON CIRCLEBEACON CIRCLEBEACON CIRCLE

PALM COVEHome Prices up to $925K

TOWNHOMESTOWNHOMES

UNDER CONTRACT

WATER FRONTHOMES

WATER FRONTHOMES

PATIO HOMESPATIO HOMES

UNDERCONTRACT

DETAILS

ADDRESS Beacon IslandLeague City, TX 77573

LAT., LONG. 29.544821, -95.070378

SIZE ±24 Acres

UTILITIES League City

SCHOOLS Clear Creek ISD

OWNER ISOLA VENTURA LLC

DETENTION On-Site

PRICE TBD by Market

2019 DEMOGRAPHICS0-1 mi 0-3 mile 0-5 miles

Est. Population 2019

7,957 71,842 162,345

5-Yr Est. Population Growth

6.3% 5.5% 4.9%

Average Household Income

$100,937 $99,830 $105,671

Median Value Of Owner Occupied Housing Units

$279,785 $233,907 $223,631

2019 TAX RATESC40 LEAGUE CITY 0.563800

CAD APPRAISAL DISTRICT 0.000000

GGA GALVESTON COUNTY 0.529831

RFL CO ROAD & FLOOD 0.002067

S16 CLEAR CREEK ISD 1.400000

TOTAL 2.495698

Property Details At A Glance

Dosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the marketing and sale of this property.

All inquiries about the Property should be directed to DMRE.

CLICK HERE FOR LISTING

• Pricing• Due Diligence and

Closing Timeframe• Earnest Money

Deposit

• Description of Debt/Equity Structure

• Qualifications to Close

• Development Plans

MAKING AN OFFEROffers should be presented in the form of a non-binding Letter of Intent, and should include:

Page 3: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

dmre.com 3

NASA ROAD 1NASA ROAD 1NASA ROAD 1

BEACON CIRCLE

BEACON CIRCLE

BEACON CIRCLE

PENINSULA AT CLEAR LAKEHome Prices up to $1.7M

SOUTH SHORE LAKE ESTATESHome Prices up to $2.4M

NASSAU BAYHome Values up to $1M

W E B S T E RW E B S T E RW E B S T E R

P E A R L A N DP E A R L A N DP E A R L A N D

PALM COVEHome Prices up to $925K

C L E A R L A K E

S O U T H S H O R E H A R B O U RNassau Bay PeninsulaWildlife ParkNassau Bay PeninsulaWildlife Park

South ShoreHarbor MarinaSouth ShoreHarbor Marina

South Shore Harbor Resort& Conference CenterSouth Shore Harbor Resort& Conference Center

BAYBROOK MALL • 4.7 MILE· 1.8 million total SF· Added over 555,000 SF with 10 new buildings that will include a large green space, a lifestyle expansion, and 4-building power center.

AEROSPACE ENGINEERING· Johnson Space Center spans 1,700 acres & employs over 14,000 people· Top contractors include Boeing, United Space Alliance, Lockheed/Martin, & Anadarko Industries

WEBSTER HEALTHCARE CORRIDOR· UT Medical Branch recently opened an $82 million expansion of 142,000 square feet· Clear Lake Regional Medical Center has more than 3,000 medical professionals and 595 beds

TOWNHOMESTOWNHOMESWATER FRONT

HOMESWATER FRONT

HOMES

PATIO HOMESPATIO HOMES

UNDER CONTRACTUNDER CONTRACT

UNDERCONTRACT

UNDERCONTRACT

Area Highlights

PRIME LAND SITE IN

LAKE HOUSTON5 MILES

BUSH AIRPORT10 MILES

KINGWOOD AREA

CLOSE TO LAKE HOUSTON’S BESTENTERTAINMENT AND RETAIL•

••

Atascocita Town Center, Atascocita Commons,The Market at Lake Houston, and Life Time Fitnessare within 1 mile of the PropertyThe master planned communities of Kingwood,Summerwood, Generation Park, and Fall Creekare within 6 miles off the Property

LOCATED IN THE HEART OF THE LAKEHOUSTON REGION WHICH CONSISTS OFKINGWOOD, ATASCOCITA, SUMMERWOOOD,GENERATION PARK AND HUMBLE

The region has a total population of 256,074Located just 20 miles north of Downtown Houston

ZONED TO HUMBLE ISD THE #6 BESTSCHOOL DISTRICT IN THE HOUSTON AREA

ATASCOCITA RDATASCOCITA RDATASCOCITA RD

KINGS PKWYKINGS PKWYKINGS PKWY

UPPER LAKE DRUPPER LAKE DRUPPER LAKE DR

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

KingsParkKingsPark

Atascocita Commons

L A K E H O U S T O N

KINGWOOD GLEN VILLAGEHome Values up to $350K

KINGS RIVER VILLAGEHome Values up to $450K

ATASCA WOODSHome Values up to $500K

ATASCOCITA SOUTHHome Values up to $300K

Atascocita Plaza

±35.738 ACRES±35.738 ACRES

GENERATION PARK9 MILES

ATASCOCITA COMMONS2 MILES

Page 4: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

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MARINA BAY DRMARINA BAY DRMARINA BAY DR

146

BEACON CIRCLE BEACON CIRCLE BEACON CIRCLE

PALM COVEHome Prices up to $925K

SOUTH SHORE HARBOURHome Prices up to $599K

PENINSULA AT CLEAR LAKEHome Prices up to $1.7M

MARINA DEL SOL ESTATESHome Prices up to $5.3M

CLEAR LAKE SHORESHome Prices up to $1M

SOUTH SHORE LAKE ESTATESHome Prices up to $2.4M

S E A B R O O KS E A B R O O KS E A B R O O K

C L E A R L A K E

T R I N I T Y B A Y

Nassau Bay PeninsulaWildlife ParkNassau Bay PeninsulaWildlife Park

South ShoreHarbor MarinaSouth ShoreHarbor Marina

South Shore Harbor Resort& Conference CenterSouth Shore Harbor Resort& Conference Center

Blue DolphinYachting Center

WatergateYachting Center

Blue DolphinYachting Center

WatergateYachting Center

Kemah BoardwalkMarinaKemah BoardwalkMarina

TOWNHOMESTOWNHOMESTOWNHOMES

PATIO HOMESPATIO HOMES

WATER FRONTHOMES

WATER FRONTHOMES

UNDER CONTRACTUNDER CONTRACT

UNDERCONTRACT

UNDERCONTRACT

Area Highlights

PRIME LAND SITE IN

LAKE HOUSTON5 MILES

BUSH AIRPORT10 MILES

KINGWOOD AREA

CLOSE TO LAKE HOUSTON’S BESTENTERTAINMENT AND RETAIL•

••

Atascocita Town Center, Atascocita Commons,The Market at Lake Houston, and Life Time Fitnessare within 1 mile of the PropertyThe master planned communities of Kingwood,Summerwood, Generation Park, and Fall Creekare within 6 miles off the Property

LOCATED IN THE HEART OF THE LAKEHOUSTON REGION WHICH CONSISTS OFKINGWOOD, ATASCOCITA, SUMMERWOOOD,GENERATION PARK AND HUMBLE

The region has a total population of 256,074Located just 20 miles north of Downtown Houston

ZONED TO HUMBLE ISD THE #6 BESTSCHOOL DISTRICT IN THE HOUSTON AREA

ATASCOCITA RDATASCOCITA RDATASCOCITA RD

KINGS PKWYKINGS PKWYKINGS PKWY

UPPER LAKE DRUPPER LAKE DRUPPER LAKE DR

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

W E S T L A K E H O U S T O N P K W Y

KingsParkKingsPark

Atascocita Commons

L A K E H O U S T O N

KINGWOOD GLEN VILLAGEHome Values up to $350K

KINGS RIVER VILLAGEHome Values up to $450K

ATASCA WOODSHome Values up to $500K

ATASCOCITA SOUTHHome Values up to $300K

Atascocita Plaza

±35.738 ACRES±35.738 ACRES

GENERATION PARK9 MILES

ATASCOCITA COMMONS2 MILES

Page 5: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

PURCHASE OPTIONS

Property Survey

The 150-yard approach and bridge to the islandcreate a stagely, grand entrance and give thecommunity a naturally exclusive nature.

Potential Development RenderingsNEW ADDITIONS AND IMPROVEMENTS• Located at 13300 Lockwood Road, just south of West Lake Houston Parkway and across

from TechnipFMC’s 173-acre campus• Three build-to-suit industrial and flex-office buildings available for lease with space avail-

able from ±6,400 to 57,600 SF

1. MULTIFAMILY: 11.046 ACRES• Under Contract - 850 units

2. TOWNHOMES: 95 LOTS• No platting in place• 95 available units• Restricted to 45' tall

3. PATIO HOMES: 32 LOTS• Platting in place• 32 available units• Restricted to 35' tall

4. WATERFRONT HOMES: 37 LOTS• 4 homes built & 1 under construction• Platting in place• 37 available units• Restricted to 60' tall

Page 6: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

NASA ROAD 1NASA ROAD 1NASA ROAD 1

BEACON CIRCLE

BEACON CIRCLE

BEACON CIRCLE

PENINSULA AT CLEAR LAKEHome Prices up to $1.7M

SOUTH SHORE LAKE ESTATESHome Prices up to $2.4M

NASSAU BAYHome Values up to $1M

W E B S T E RW E B S T E RW E B S T E R

P E A R L A N DP E A R L A N DP E A R L A N D

PALM COVEHome Prices up to $925K

C L E A R L A K E

S O U T H S H O R E H A R B O U RNassau Bay PeninsulaWildlife ParkNassau Bay PeninsulaWildlife Park

South ShoreHarbor MarinaSouth ShoreHarbor Marina

South Shore Harbor Resort& Conference CenterSouth Shore Harbor Resort& Conference Center

BAYBROOK MALL • 4.7 MILE· 1.8 million total SF· Added over 555,000 SF with 10 new buildings that will include a large green space, a lifestyle expansion, and 4-building power center.

AEROSPACE ENGINEERING· Johnson Space Center spans 1,700 acres & employs over 14,000 people· Top contractors include Boeing, United Space Alliance, Lockheed/Martin, & Anadarko Industries

WEBSTER HEALTHCARE CORRIDOR· UT Medical Branch recently opened an $82 million expansion of 142,000 square feet· Clear Lake Regional Medical Center has more than 3,000 medical professionals and 595 beds

TOWNHOMESTOWNHOMESWATER FRONT

HOMESWATER FRONT

HOMES

PATIO HOMESPATIO HOMES

UNDER CONTRACTUNDER CONTRACT

UNDERCONTRACT

UNDERCONTRACT

NASA1.5 MILES

BAYBROOK MALL5 MILES

KEMAH BOARDWALK3 MILES

CLEAR LAKE1 MILE

Area Highlights Prime land site in the Bay Area

UNIQUE DEVELOPMENT OPPORTUNITY IN THE BAY AREA• One of the last sites zoned for multifamily development in the area• Extensive waterfront and bridge-only access via Lighthouse Road • Two boat slip easements with potential for 80 boat slips• Patio home lots have option for individual docks• Available lots: 34 available waterfront lots, 32 patio home lots, 95

townhome lots

STRONG LOCAL AND REGIONAL EMPLOYERS• 1.5 miles from the Johnson Space Center (NASA), which

employs 14,000 people• 3.5 miles from the Webster Health Care Corridor, home to Clear

Lake Regional Center, Christus St. John’s Hospital, Memorial Hermann Southeast, Cornerstone Hospital, Bayshore Medical Center, & Triumph Hospital

CLOSE TO THE BAY AREAS BEST ENTERTAINMENTAND RETAIL• Clear Lake is a popular destination for boating, watersports, &

fishing• Only 3 miles from the famous Kemah Boardwalk• Just 5 miles from the Baybrook Mall & only 8 miles north of

Tanger Outlets Houston, a regional shopping destination

Page 7: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

Baybrook Mall completed a massive expansion and renovation in late 2016. The mall now totals 1.8 million square feet following the expansion that added about 555,000 square feet.

NEW ADDITIONS AND IMPROVEMENTS INCLUDE:• More than 30 new retailers and restaurants• New entertainment options, including Dave & Buster’s and Star Cinema & Grill• A 285,000-square-foot lifestyle expansion; the new lifestyle center is an open-air multi-pur-

pose space that combines traditional retail with dining and entertainment options as well as leisure amenities such as The Lawn

• The Lawn, a spacious grassy area measuring the length of a football field, provides a welcoming gathering spot for the community

• A new 270,000-square-foot power center features a variety of retailers in an unenclosed shopping center

• New 300-space parking garage located by Dillard’s

Area Highlights Baybrook Mall Expansion

Page 8: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

dmre.com 8

Industrial MarketQ2 2018 Data from Colliers

Highlights

Capital Investment Development

Markets Foreign Trade Sub Zones

LyondellBasell/Channelview Complex

One of the largest petrochemical facilities on the Gulf Coast, covering an area of almost 3,900 acres

Two large manufacturing facilities and a workforce of more than 2,000 people

Payroll and benefits of more than $156 millionper year

Goods and services purchases of approximately $824 million per year

LyondellBasell/Petrochemical plant

Broke ground on Aug. 22, 2018 on a $2.4 billion petrochemical plant near the Houston Ship Channel, the largest factory of its kind in the world

Would create some 2,500 construction jobs and 160 permanent positions at the plant

Their most expensive project ever at $2.4 billion

Since 1986, the number of businesses in Houston engaging in international trade has grown from 1,963 to more than 3,250

Companies cite the cheap cost of fuel, the large inventory of natural gas liquids available as well as access to foreign markets through exports as a source of growth in the petrochemical industry

Projects recently completed:

1.0 million square feet for Ikea

960,000 square feet for Katoen Natie

Projects soon to break ground:

750,000 square feet for Ravago Americas

500,000 square feet for Vinmar

Contanda Terminals

Signed a multiyear commercial agreement with the Port of Houston Authority for 339 acres on the Houston Ship Channel

Provider of bulk liquid storage and logistics services

Already operates three storage terminals in the Houston area

Pontikes Development

Planning a 3.0 million-square-foot- multimodal logistics and distribution center on 246 acres

The first phase of the 3 million-square-foot development is expected to deliver in the third quarter of 2018

Resins/plastics and chemicals/minerals account for 46.7 percent of Port Houston’s exported TEUs (twenty-footequivalent unit)

An estimated 250,000 TEUs in new exports will be created by 2019 as newly delivered petrochemical projectsramp up production

74%1.2 million jobsare provided by the port

$314M infrastructureimprovement plan was recently begun

No. 1 U.S. portin foreign waterborne tonnage

8,300+ vessel calls, 20,000+ shipmovements, and 200,000+ bargetransits annually

$265 billionin economic impact

Home to the 2nd largestpetrochemical complex in world

Home to the largestpetrochemical complex in the U.S.

No. 1 portin the U.S. Gulf Coast by TEU throughput

PLASTICRESINSmanufactured in the U.S come out of Houston

Operating revenues of

$179,000,000set two monthly records duringthe first half of 2018

2018 saw a six percent increasefrom 2017 of container TEU through the first six months of 2018

More than 12.3 million SF of industrial space is currently under construction, much of that in the form of distribution and logistics facilities

Houston’s industrial market posted 231,558 of negative net absorption in the second quarter; the negative absorption as a percentage of the total existing industrial inventory is a small number and was mostly the effect of tenants relocating to newly delivered space, leaving older space vacant

Tenants that relocated or expanded into newly constructed space during Q1 2018 include B&H Bag Company (186,306 SF) in the Northwest Outliers submarket, Evoqua Water Technologies (107,000 SF) in the North Hardy Toll Rd submarket and ThyssenKrupp (71,916 SF) in the North Fwy/ Tomball Pky submarket

The Port Houston area continues to exhibit strong market fundamentals. Much of the market activity is driven by the strong downstream sector and petrochemical boom, which provides strategic advantages to East Houston.

Under ConstructionBayport Wharf #2, the fourth wharf at the terminal, is currently under construction, and Barbours Cut Wharf #2 reconstruction is in progress.

Expects to invest $333 millionin capital projects over 2017 and 2018, including adding Post-Panamax cranes where needed

Area Highlights

Page 9: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

dmre.com 9

Industrial MarketQ2 2018 Data from Colliers

Highlights

Capital Investment Development

Markets Foreign Trade Sub Zones

LyondellBasell/Channelview Complex

One of the largest petrochemical facilities on the Gulf Coast, covering an area of almost 3,900 acres

Two large manufacturing facilities and a workforce of more than 2,000 people

Payroll and benefits of more than $156 millionper year

Goods and services purchases of approximately $824 million per year

LyondellBasell/Petrochemical plant

Broke ground on Aug. 22, 2018 on a $2.4 billion petrochemical plant near the Houston Ship Channel, the largest factory of its kind in the world

Would create some 2,500 construction jobs and 160 permanent positions at the plant

Their most expensive project ever at $2.4 billion

Since 1986, the number of businesses in Houston engaging in international trade has grown from 1,963 to more than 3,250

Companies cite the cheap cost of fuel, the large inventory of natural gas liquids available as well as access to foreign markets through exports as a source of growth in the petrochemical industry

Projects recently completed:

1.0 million square feet for Ikea

960,000 square feet for Katoen Natie

Projects soon to break ground:

750,000 square feet for Ravago Americas

500,000 square feet for Vinmar

Contanda Terminals

Signed a multiyear commercial agreement with the Port of Houston Authority for 339 acres on the Houston Ship Channel

Provider of bulk liquid storage and logistics services

Already operates three storage terminals in the Houston area

Pontikes Development

Planning a 3.0 million-square-foot- multimodal logistics and distribution center on 246 acres

The first phase of the 3 million-square-foot development is expected to deliver in the third quarter of 2018

Resins/plastics and chemicals/minerals account for 46.7 percent of Port Houston’s exported TEUs (twenty-footequivalent unit)

An estimated 250,000 TEUs in new exports will be created by 2019 as newly delivered petrochemical projectsramp up production

74%1.2 million jobsare provided by the port

$314M infrastructureimprovement plan was recently begun

No. 1 U.S. portin foreign waterborne tonnage

8,300+ vessel calls, 20,000+ shipmovements, and 200,000+ bargetransits annually

$265 billionin economic impact

Home to the 2nd largestpetrochemical complex in world

Home to the largestpetrochemical complex in the U.S.

No. 1 portin the U.S. Gulf Coast by TEU throughput

PLASTICRESINSmanufactured in the U.S come out of Houston

Operating revenues of

$179,000,000set two monthly records duringthe first half of 2018

2018 saw a six percent increasefrom 2017 of container TEU through the first six months of 2018

More than 12.3 million SF of industrial space is currently under construction, much of that in the form of distribution and logistics facilities

Houston’s industrial market posted 231,558 of negative net absorption in the second quarter; the negative absorption as a percentage of the total existing industrial inventory is a small number and was mostly the effect of tenants relocating to newly delivered space, leaving older space vacant

Tenants that relocated or expanded into newly constructed space during Q1 2018 include B&H Bag Company (186,306 SF) in the Northwest Outliers submarket, Evoqua Water Technologies (107,000 SF) in the North Hardy Toll Rd submarket and ThyssenKrupp (71,916 SF) in the North Fwy/ Tomball Pky submarket

The Port Houston area continues to exhibit strong market fundamentals. Much of the market activity is driven by the strong downstream sector and petrochemical boom, which provides strategic advantages to East Houston.

Under ConstructionBayport Wharf #2, the fourth wharf at the terminal, is currently under construction, and Barbours Cut Wharf #2 reconstruction is in progress.

Expects to invest $333 millionin capital projects over 2017 and 2018, including adding Post-Panamax cranes where needed

Area Highlights Port of Houston cont.

Page 10: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

dmre.com 10

Our TeamOur Team

LISTINGS TEAM

CONTACT US

Joann LimMarketing Coordinator

Jessica LukertAdministrative Coordinator

M A R K E T I N G & O P E R AT I O N S T E A M

Tom [email protected]

Tim [email protected]

David [email protected]

Page 11: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

10-10-11

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 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.

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 with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

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

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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 that 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.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons 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 , 512-936-3000 (http://www.trec.texas.gov)

TREC No. OP-K

Page 12: UNDER CONTRACT · HOMES PATIO HOMES UNDER CONTRACT DETAILS ADDRESS Beacon Island League City, TX 77573 LAT., LONG. 29.544821, -95.070378 SIZE ±24 Acres UTILITIES League City SCHOOLS

dmre.com 12

www.dmre.com

Contact UsHouston:

713.955.3120

777 Post Oak Blvd, Suite 255 Houston, TX 77056

Dallas/Fort Worth:

214.206.4154

2833 Crockett St, Suite 136 Fort Worth, TX 76107

Austin/San Antonio:

254.913.1931

600 Congress Ave, 14th Floor Austin, TX 78701