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CM-2021-304 - 11/19/202140P TEXAS ASSOC WrION OF REALTORS COMMERCIAL REAL ESTATE LISTING AGREEMENT EXCLUSIVE RIGHT TO SELL CZE Or Tt4G FCiM 8Y PER60tG NHa ARE NJT WENM50r ME MN5 458"110W OF REALTOa99 IS IqT AUTWVpt,TEA ,DT*x a Asmofthm at 11111ALTMI14.Inc. M& 1. PARTIES: The parties to this agreement (this Listing) are,. Seller CKy of Round Rock Address- 221 E City, State, Zip Phone: E-Mail: Main Sheet Round Rock, TX 78664 Fax: .��.r.... Sroker:Br€nogar Propetyye Address- 401 W Anderson Ave City, State, Zip: Round Rock, TX 78664-4307 Phone: Jb1�94g4ls6 _ - _ r Fax. E-Mail: bb@Si2texas.com _ Seller appoints Broker as Seller's sole and exclusive real estate agent and grants to Broker the exclusive right to sell the Property 2. PROPERTY: A. "Property" means the following real property in Texas: Address: 100 Tower Dr_ City: Round Rock County: Williamson Zip: 78664 Legal Description (identify exhibit W described on attachment): WOAD Parcel #R072581:S4U8 - South Park, Lot 1. ACRES 0.274 S. Except as otherwise provided In this Listing, Broker Is to market the Property together with (1) all buildings, improvements, and fixtures; (2) all (tights, privileges, and appurtenances pertaining to the Prop", including Selleds right, title, and interest in any minerals, utilities, adjacent streets, alleys, strips, gores, easements and rights -of -way, (3) Seller's interest in all leases, rents, and seounty deposits for all or part of the Property. (4) Seller's interest in all licenses and permits related to the Property; (5) Seller's interest in all third party warranties or guaranties, if transferable, relating to the Property or any fixtures, (6) Seller"s interest In any trade names, if trensferetAe, used in connection wilts the Property: and (7) all Seller's tangible personal property located an the Property that is used in connection with the Property's operations except: NIA (Describe any exceptions, reservaflwas, or restrictions in Special Provisions or an addendum. If the Properly is a condorr9nium, attach Condominium Addandum to Listing (TAR-1401).) (TAR-1301 ) 4-1-14 Initialed for Identification by Seller and Broker/Asswete e, Page 1 of 9 0r1mvr R4ptrt1m 4al w AeAnArm R&md tibdTY 1N" Raw 9-1:2-MVI li r rr lob I0WW or Rradk! 9rl+epr rrma Ydhgsn 4wm Epp; 100 Tower Dr Gommerdal i.WUN concerning Round Ronk, 79604 3. LISTING PRICE: A Seller instructs Broker to market the Property at the foilowing gross sales price. $ 200 000.00 Two Hundred Thousand (Listing Price).--�.-- B. Seller agrees to sell the Property for the Listing Price or any other price acceptable to Seller. Seller will pay all typical closing costs charged to sellers of commercial real estate in Texas (seller's typical closing costs are those set forth in the commercial contract forms published by the Texas Association of REALTORSO) except N/A 4. TERM: A. This Listing begins on September 24 2021 and ends at 1159 p.m. on Aril 30 2022 Seller may terminate this Listing on notice to Broker any time after 6pril3012022 _ B. If Seiler enters into a binding written oontract to sell the Property before the date this Listing begins and the contract is binding on the date this listing begins, this Listing will not commence and will be void 5. BROKER'S FEE: A Eq2 When earned and payable, Seller wile pay Broker a fee of (1) 6-000 % of the sales price (2) B- ar ed: Broker's fee is earned when any one of the following occurs during this Listing, (1) Seller sells, exchanges, agrees to sell, or agrees to exchange all or part or the Property to anyone at any price on any terms, (2) Broker individually or in cooperation with another broker procures a buyer ready, willing, and able to buy all or part of the Property at the Listing Price or at any other price acceptable to Seller, (3) Seller grants or agrees to grant to another person an option to purchase all or part of the Property; (4) Seiler transfers or agrees to transfer all or part of Seller's interest (stock or shares) in any entity that holds title to all or part of the Property for the purpose of oonveymg all or part of Ow Property to another person, or (5) Seller breaches this Vsting C, E=kde- Once earned, Broker's fee is payable either during this Listing or after it ends at the earlier of: (1) the dosing and funding of any sale or exchange of all or part of the Property. (2) Seller's refusal to sell the Property after Brokers Fee has been earned; (3) Seller's breach of this Listing; or (4) at such time as otherwise set forth in this Listing Broker's fee is = payable it a sale of the Property does not close or fund as a result of (i) Seller's failure, without fault of Seller, to deliver to a buyer a deed or a title policy as required by the contract to sell, (ii) toss of ownership due to foreclosure or other legal proceeding; or (ili) Seller's failure to restore the Property, as a result of a casualty loss, to its previous condition by the closing date set forth in a contract for the sale of the Property (TAR-1301) 4-1-14 Initialed for Identification by Seller __ and Bromf/Associate Page 2 of 9 PrM1L .dWthO;r-arrQtrya?chef IWTOr-twmMAP Prod Frma M"93m4M`.p 1 0*tr Dr- Corrumcial Lilting oonoern,rrg 106 Tower Or Round Rack, 75664 _ (1) Lease of ProgeAv_ If, during this Listing. Broker procures a tenant to lease all or part of the Property and Seller agrees to lease all or part of the Property to the tenant, Seller will pay Broker at Ow time the lease is executed the fee described below- If, during the term of the lease, the tenant agrees to purchase all or part of the Property. Seller will pay Broker the fee specified in Paragraph SA in addition to the amount described below F (a) _ NIA % of all base rents to be paid over the terra of the tease and tits same percentage of the following items to be paid over the term of the (ease. r~ expense reimbursements; and n .. (b) (2) P ; If, during this Listing or after it ends, Seller renews, extends, or expands the lease, Seller will pay Broker. at the time the renewal,. extension, or expansion becomes effective, a fee of - El (a) NIA % of all base rents to be paid over the term of the renewal or extension and the same percentage of true following Items to be paid over the same term: L] expense reimbursements based on initial amounts ❑ ; ❑ (b) NIA % of all base rents to be paid over the term of the expansion and the same percentage of the followin items to be paid over the same term: [] expense reimbursements based on initial amounts) _ ; or ❑ (c) In addition to their ordinary meanings, 'extensions" "renewals," and "expansions° include new leases for more, less, or different space in the building or complex in which the property Is located (3) Breach by Buygr Under Contract If Seller collects earnest money, tfte sales price, or damages by suit, compromise, settlement or otherwise from a buyer who breaches a contract for the sate of all or part of the Property entered Into during this Listing, Seller will pay Broker, after deducting attorney's fees and collection expenses, an amount equal to the lesser of one-half of the amount collected after deductions or the amount of the Broker's Fee stated in Paragraph SA Any amount paid under this Paragraph 50(3) is In addition to any amount that Broker may be entitled to receive for subsequently selling the Property. (4) Service Providers: If &oker raters Seller or a prospective buyer or tenant to a service provider (e g , mover, Cable company, telecommunications provider, utility, ar contractor) Broker may receive a fee from the service provider for the referral. Any referral fee Broker receives under this Paragraph 50(4) is in addition to any other compensation Broker may receive under this Listing (5) Mar Fses_anW-gr Reimbursable_Exlaenses. NIA (1) "Protection period" means that time starting the day after this Listing ends and continuing for days (TAR-1301) 4-1-14 Inibaled nor Identhricawn by Seller _ _._ ... and Brokee Associate Page 3 of 9 prAuaodwt%sr.Rt VbyIlptnov S!<=VghunMiHwd Fs� Mch"n4Mtl WjVffjS&=WjW IGOlwrlk- Urnmerdal Listing concerning 100 Tower Or Round Fuck. 75U4 (2) Not later than 10 days after this Listing ends Broker may send Seller written notice specifying the names of persons whose attention Broker has called to the Property during this Listing. If Seiler agrees to sell or lease all or part of the Property during the protection period to a person named In the notice or to a relative or business associaate of a person named in the notice, Seller will pay Broker, upon the closing of the sale or upon execution of the lease, the amount Broker would have been entitled to moeive if this Listing were still in effect (3) "Person" means any person In any capacity whether an individual or entity. "Sell' means any transfer of any interest in tha Property whether by agreement or option. (4) This Paragraph 5E survives terminabon of this Listing F. Cgunto. All amounts payable to Breaker are to be paid in cash in County, Texas. Williamson G. Ewtt7ilit_Authonzabo- Seller authorizes, and Broker may so mstrt,ct, any escrow or closing agent authorized to dose a transaction for the purchase or acquisition of the Property to collect and disburse to Broker all amounts payable to Broker under thus Listing. !NOTICE: Under Chapter 62, Texas Property Code, Braerls entidod to claim a lien against the Property to secure payment of an earned commission. C. EXCLUSIONS: A Under a prior listing agreement Seller is obligated to pay another Texas licensed broker a fee if Seller sells or leases all or part of the Property before NIA to any of the following persons: {named exclusions). B. If Seller enters into a contract to sell or lease all or part of the Property to a named exclusion before the date specified In Paragraph 6A, Seller will not be obligated to pay Broker the fees under Paragraph 5 of this Listing, but Seller will pay Broker, upon the dosing of the sale or upon execution of the lease, a fee equal to (1) NIA % of the sales price if Seller sells the Property. (2) NIA % of all base rents to be paid over the term of the lease if Seller leases the Property and the same percentage of the following items to be paid over the term of the lease: [] expense reimbursements: ©_ _ ; and (3) C. If Seller enters into a contract to sell or lease all or part of the Property to a named exclusion, Broker will D will not assist Seller in negotiating and dosing the sale or lease to the named exclusion 7. ACCESS TO THE PROPERTY: Authorizing access to the Property means giving permission to another person to enter the Property, disclosing security codes necessary to enter the Property to such person, and lending a key to the Property to such person_ To facilitate the showing and sale of the Property, Seiler instructs Broker and Brokers associates to: (I) access the Property at reasonable times; (ii) authorize other brokers, inspectors, appraisers, lenders, engineers, surveyors, and repair persons to enter the Property at reasonable times; and (N) duplicate keys to facilitate convenient and efficient showings. 8. COOPERATION WITH OTHER BROKERS: Broker will allow other brokers to show the Property to prospective buyers. If the other broker procures a buyer who purchases the Property, Broker wil? offer to pay the other broker a portion of Broker's fee under Paragraph 5. ;TAR-1301 i 4-1-14 Initialed for Identification by Seiler and BrokerAssocaate� Page 4 of 9 f'wd rnd welt pFarnQey ru►u�r 5-0070 FAan r Rd ffilc I, qur 4=9 h* 2QMW Ur - 100 Towor Dr Corm mial Listing conoefning _ Round Rock, 7BM4 9. INTERMEDIARY: (Che+ck A orb only.) 0 A IntKmediary Status Broker may show the Property to interested prospective buyers or tenants who Broker represents, tf a prospect who Broker represents offers to buy or lease the Property. Seller authorizes Broker to act as an intermediary and Broker will notify Seller that Broker vAll service the parties in accordenoe with one of the following alternatives- (1) If a prospect who Broker represents is serviced by an associate other than the associate servicing Seiler under this Listing, Broker may notify Seller that Broker will: (a) appoint the assooste then servicing Seller to communicate with, carry out Instructions of, and provide opinions and advtoe during negobabons to Salter, and (b) appoint the associate then servicing the prospect to the prospect for the same purpose (2) If a prospect who Broker represents is serviced by the same associate who is servicing Seller. Broker may notify Seller theft Broker will; (a) appoint another associate to communicate wrath carry out instructions of, and provide opinions and advice during negotiations to the prospect; and (b) appoint the associate servicing the Seller under this Listing to the Seller for the same purpose (3) Broker may notify Seller that Broker will make no appointments as described under this Paragraph 9A and, in such an event, the associate servicing the parties will act solely as Broker's inbwnedary representative, who may facilitate the transaction but will not render opinions or advice during negotiations to either party. F] B, No Intermediary 5l5jtus Seller agrees that Broker well not show the Property to prospects who Broker represents. Notice, If Bmker acts as an Intermediary under Paragraph 9A, Broker and Brokaw associates: • may not disclose to the prospect that Seller will accept a price less than the asking price unless otherwise instructed in a separate writing by Seller, ' may not disclose to Seller that the prospect will pay a price greater than the price submitted in a written offer to Seller unless otherwise instructed in a separate writing by the prospect; ` may not disclose any confidential information or any information Seller or the prospect spectfically instructs Broker in writing not to disclose unless otherwise Instructed In a separate writing by the respective party or required to disclose the information by the Real Estate license Act or a court order or if the information materially relates to the condition of the property; ' may not treat a party to the transaction dishonestly; and • may not violate the Real Estate License Act. 10, CONFIDENTIAL INFORMATION: During this Listing or after it ends, Broker may not knowingly disclose Information obtained in confidence from Seller except as authonzed by Seller or required by law. Broker may not disclose to Seller any information obtained In confidence regarding any other person Broker represents of may have represented except as required by law 11. BROKER'S AUTHORITY: A Broker will use reasonable efforts and act diligently to market the Property for sale, procure a buyer, and negotiate the sale of the Property B In addition to other authority granted by this Lisbng, Broker may (1) advertise the Property by means and methods as Broker determines is appropriate in any media, including but not limited W. (a) placing a "For Sale" sign or similar marketing sign on the Property; and (b) creating and plarang Information about the Property (including interior and exterior photographs or videos) (TAR-13011) 4-1- t4 Initlale4 for Identii" Wn by Seller and Broker/Associate U Page 5 of 9 PFWU ed win hoFWM6 br M0M4 team rftKW QIr Aoa rizw. M"9vn.mYaa wwAhL2mLmm IUD IV-" D. 100 lower Or Cartlrnercfai Listing concerning mound Rock, 18664 (i) on the Internet on Broker's website and on other websites as Broker determines (ii) in any advertisements whether in print or electronic media; and (iii) into listing services that may publicize the information on the Internet or by other means- (2) reproduce, display, and distribute Information about the Property, including the information described under Paragraph 11B(1), for the purposes of marketing the Property, (3) famish comparative marketing and sales information about other properties to prospects; (4) disseminate information about the Property to other brokers and prospects, including applicable disclosures, notices, or other information that Seiler is required to make under law or a contract, (6) obtain information from any holler of any note secured by a lien on the Property; (6) accept, in trust, any earnest money, option fee, security deposit, or other money related to the purchase or lease of the Property and deliver such money for deposit in accordance with a contract for the sale or lease of the Property; (7) disclose the sales price and terms of a sale or a lease to other brokers, appraisers, other real estate professionals, and any listing services into which information about the Property is placed: (8) place information about this Listing and a transaction for the Property on an electronic platform (an electronic platform is typically an intemet-based system where professionals related to the transaction, such as title companies and lenders, may receive, view, and input information), and (9) advertise that Broker "sold" or "leased" the Property after the closing of a sale or execution or a lease of the Property in which Broker was involved. NOTICE: Any subrmssion of irrrormation to a listing service must be made in accordance with listing sen&e`s nvles C Broker is not authorized to execute any document in the name of or on behalf of Seller concerning the Property. D Photographs, videos, and compilations of information submitted to a listing service are the property of the listing service for all purposes. 12. REPRESENTATIONS: A. Except as provided otherwise in this t_ishng, Seller represents that: (1) Seller has fee simple title to and peaceable possession of the Property and all its improvements and fixtures thereon, unless rented, and the legal capacity to convey the Property (2) Seller is not bound by a listing agreement with another broker for the sale, exchange, or lease of the Property that is or will be in effect during this Listing. (3) no person or entity has any right to purchase, lease, or acquire the Property by an option, right of refusal, or other agreement (4) there are no delinquencies or defaults under any deed of trust, mortgage, or other encumbrance on the Property; (6) the Property is not subject to the jurisdiction of any court; (6) Seller owns sufficient intellectual property rights In any materials which Seller provides to Broker related to the Property (for example, brochures, photographs, drawings, or articles) to permit Broker to reproduce and distribute such materials for time purposes of marketing the Property or for other purposes related to this agreement, and (7) all information relating to the Property Seller provides to Broker is true and correct to the best of Seller's knowledge. B. Seller and Broker must disclose any known material defect in the Property to a prospective buyer (Check only one box.) C] (1) Seller is not aware of any material defects to the Property except as stated in the attached Commercial Property Condition Statement (TAR-1408). Seiler authorizes Broker to famish prospective buyers and other brokers with a copy of the Commercial Property Condition Statement (TAR-1408). (TAR-1301) 4-1-14 Initialed for Identrficawn by Seller and BrokerlAssociate Page 6 of 9 �d rn ebrorrr� by rploa■ '.W70FAawi K,0 RW3 Filar MC1*W i, 48M w is win !M I.w.r D■ 100 7cwsr Or Commercle. Listing oonoerning _ Round Rock, IN" a (2) Except as otherwise provided in this Listing, Seller is not aware of: (a) any subsurface: structures, pits, wastes, springs or improvements; (b) any pending or threatened litigation, condemnation, or assessment affecting the Property (c) any environmental hazards or conditions that materially affect the Property (d) whether the Property is or has ever been used for the storage or disposal of hazardous materials or toxic waste, a dump site or landfill, or any underground tanks or containers: (a) whether radon, asbestos containing materials, urea -formaldehyde foam insuletion, lead -based paint, toxic mold (to the extent that it adversely affects the health of ordinary occupants) oc other pollutants or contaminants of any nature now exist or have ever existed on the Property (f) any wetlands, as defined by federal or state law or regulation, on the Property, (g) any threatened or endangered species or their habitat on the Property; (h) any present or past infestation of wood -destroying insects in the Property's improvements; (i) any contemplated material changes to the Property or surrounding area that would materially and detrimentally affect the ordinary use of the Property; Q} any material physical defects in the improvements on the Property; or (k) any condition on the Property that violates any law or ordinance (L)st any exceptions to {a}-(k) in Special Provisions or an addendum.) 13. SELLER'S ADDITIONAL PROMISES: Seller agrees to A. cooperate with Broker to facilitate the showing and marketing of the Property; B. not negotiate with any prospective buyer who may contact Seller directly, but refer all prospective buyers to Broker, C not enter into a listing agreement with another Broker for the sale or exchange of the Property to become effective during this Listing: D not enter into a listing agreement for the lease of all or part of the Property with another broker to become effective during this Usting without Brokers written permission: E. provide Broker with copies of the following, if any, relating to the Property: a currant rent roll, all leases intruding any amendments, architectural plans and drawings, rendenngs, survey, a current operating statement, environmental inspection reports, engineering reports, and other relevant information that Broker may request during this Listing; F advise Broker of any tenants moving In or out of the Property, G complete any disclosures or notices required by law or a contract to sell the Property; H amend any applicable notices and disclosures if any material change occurs during this Listing; and I at Seller's expense. remove from the Property all: (1) "For Sale" (or similarly worded) signs other than Brokers signs; (2) "For Lease" (or similarly worded) signs from the Property unless the Property is listed for lease with another broker, and (3) "For Information' (or similarly worded) signs other than Broker's signs. 14. LIMITATION OF LIABILITY: A. If the Property is or becomes vacant during this Listing. Seller must notify Seller's casualty insurance company and request a ''vacancy clause" to cover the Property Broker is not responsible for the secunty, of the Property nor for inspecting the Property on any periodic basis B. Broker is not responsiWe or fiable in any manner jgr narsona,) injury to any person or for loss or 1 pMeM Rsultingfnffl any act or o issio Baser emu, irg but not limited to injuries of Ies caused byE (1) other brokers. inspectors. appraisers, fenders, contractors_ surveyors. enQineers__and der parsons who are authorized to access theP__ awrty: (2) acts of third f3arties (fpr example, vandalism nr theRl: (3) wing or broken water_plF (4) adangerous, corxlition on the P%rSc" and (5) the Pmga&s norucomolianee with any law or ordinance. ITAR- 1301) 41-14 Initiated for Identification by Seller , _ and BrokedAssociate � Page 7 at g Pr ae,ml win doF�sa,O w pl ppa WO FlMat !1b Ruod Fiaxr liiAom 4WW tM=W,01r L= IN I vow or 104 Tower Or Comlrjercial Listing oonceming Round Rock, 78664 C Sailer aareas to indemnify and hold Broker and Brokees associates harmless from May damagIL ftLahse 11+11 ggelleO flilm to disrJ912 ianglt'st."I 11• II =I +1 Mtgi,iij1❑ •2'1 _ owsQ0 ta.5jlljtr giyiog imrrect informal.ionto Broker,qter brokers. or • • •o that adse from any daim for misuseof 1 tih • 1•, •,= 11 1 any mg=gllsor !1!• lll,c • 1 th cl Seller pmvided to Broker related to the ilw =111 or this agreement • 15. SPECIAL PROVISIONS: 16. DEFAULT: If Seller breaches this Listing, Seiler is in default and iml>i be liable to Broker for the amount of Broker's fee specatted In Paragraph 5A and any other fees Broker is entitled to receive under this Listing. If a sales price is not determinable in the event of any exchange or breach of this Listing, the Listing Price will be the sales price for the purpose of calculating Broker's fee, If Broker breaches this Listing, Broker is in defautt and Seller may exercise any remedy at law. 17. INEDIAMN: The parties agree to negotiate In good faith In an effort to resolve any dispute that may arise between the parties If the dispute cannot be resolved by negotiation, the parties will submit the dispute to mediation. The parties to the dispute will choose a mutualty acceptable mediator and will share the costs of mediation equally. 18. ATTORNEYS FEES: If Seller or Broker is a prevailing party in any legal proceeding brought as a result of a dispute under this Listing or any transaction related to or contemplated by this Lasting, such party may recover from the non -prevailing party all costs of such proceeding and reasonable attomey's fees - IS. ADDENDA: Addends or information that are part of this Listing are A. Information About Brokerage Services (TAR-2501) B. Property Description Exhibit identified in Paragraph 2 C. Condominium Addendum to Listing (TAR-1401) D. Commercial Property Condition Statement (TAR-1408) E. I nformation About On -Site Sewer Facility(TA R-1 407) F. Information about Special Rood Hazard Areas (TAR-1414) G. 20. AGREEMENT OF THE PARTIES: A_ Entire Agreement This Listing is the entire agreement of the parties and may not be changed except by written agreement. B. Assignability Neither party may assign this Listing without the written consent of the other party. C. Rindina Effect: Seller's obligations to pay Broker an earned fee is binding upon Seller and Seller's heirs, admtnistrators, executors, successors, and permitted assigns. 0. Jgil3l ill3d Beveral- All Sellers executing this Listing are jointly and severally liable for the performance of all its terms. E Ciaymnino Lew Texas law governs the interpretation, validity, performance, and enforcement of this Listing. (TAR-1301) 4 1 14 Indlaaed for idonlir" lon by Seltct and StokerlAssmiete §_4� Page 6 019 100 Tower Dr Cormnerdal Listing concerning Round Rocs 78664 F. 5gygfgbilit i, If a court finds any clause in this Listing invalid or unenforceable, the remainder of this Listing will not be affected and all other provisions of this Listing will remain valid and enforceable G. Partial Safes or Leases: If Seller sells or leases part of the Property before the date this Lfsting ends, this Listing wip continue for the remaining part of the Property through the term of this Listing H Notices: Notices between the parties must be in writing and are effective when sent to the receiving party's address, fax, or e-mail specified in Paragraph 1, 21. ADDITIONAL NOTICES: A. Broker's fees or the sharing of fees between brokers are not fixed, controlled, recommended, suggested, or maintained by the Texas Association of REALTORSS, its local affiliates, or any listing service. Broker's tees are negotiable. B. The Property must be shown and made available to all persons without regard to race, color, religion, national origin, sex, disability, or familial status. Local ordinances and the National Association of REALTORSO Code of Ethics may provide for additional protected classes (e.g., creed, status as a student, marital status, sexual orientation, or age). C. If the Property contains a residential dwelling built before 1978, federal law requires the Seller to: (1) provide the buyer with the promulgated lead hazard Information pamphlet (TAR-2511); and (2) disclose the presence of any known lead -based paint or lead -based paint hazards. D. Broker cannot give legal advice. This is a legally binding agreement. READ IT CAREFULLY. If you do not understand the effect of this Listing, consult your attorney BEFORE signing. Seller. Cam' y of RouDd Rock By By Is+3naturej -ocks I0-'eA \Q - — Prrinted Na I duo By By Impeture) Printed Name: TMe (TAR-1301) 4-1-14 Date Brokor- Broker I Cnmpeny Narree BtiCG DAr.Ptolaeliie®.-.......... Llcenw No SM2670 By Isignature} Z<zr Pnntod Noma Brtsntla n or Tills: Broker License No 699701 Date- page 0 of $ r-voa awjhzjjf&"*Wz"b 197Ur1feenM4pnd Prsw 1Wsfiqsn4"7A IEEE nlap, 100f~[IV 1112f201 5 Information About Brokerage Services Texas law requfrtes 0 real estate licensees to give the falfowing lnfornmlion about brokerage sem"s to prospective huyers tenants, setters and landlords TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is respwistae for art wokerage BCtfvllt e. Including oct s parfomeed by ssalft agents sponsored by the Broker • A SALES AGENT roust be sponsored by a broker artd whorls with clhmtst an behalf of the broker A BtWKER'S IMNRXUM DIMES RECLiIRlED BY LAW 1A client is the person aw party One the broker represeMa); • Post the intgmsts of the elicol abomm aU olhem Incluhtng the brokers own Inlar&et M ' Inform the client of any material information nbmt the property or transwilon recerved by mo broker; Answat the dient's questions and present any offer to or countair-after from Me client. and ' ?rest all parties to a real estate transaction norvevity and fairly A LICENSE HOLDER CAM REPRRSENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER& NDLORD): The broker becomes the property owrinfs agent through an agrees ent with the owner. usuily in a written hating to sell or property management agreermni An owners agent Blur Perform the brokers minmhurn dl btq. above and must inform the miner of any material inf amnion about the property at transaction known by the agent including information disclosed to the egem or subagent by tiro buyer or buytW& agent AS AGENT FOR BUYERITENANT: The bmkor becomes titre buyerltenW s agent by agreeing to mprewmi the buyer, asuelly Ituough a written representation agreement. A buyer's agent must perfRm► the broker's minimum duffles above and must Interim the Buyer of any material information about the property or transaction known by the agent, ir0ading Inforrrsation disclosed to the agent by We sollar or seller's rryent AS AGENT FOR BOTH - INTERMEDIARY- To act as an intormedrory between the parties the broker must Ors+ obtain the written agreement of each party to the transaction. 'rho written agreement must stale who will pay the broker and in aonsocuous bold or underlined print sal forth the broker's obligallnrts as an Intermediary A broker who acts as an intarmodiaty ' Must treat all parties to the IransacHm impartially and fairly; • May, with the parities' written cormsent, appoint a di fenknl Ikmnse holder associartod with the b"*ef to each party (owner and buyot) to oornmunioto with, provide opinion and 9dv4e lo. and cwry out the instructions of each party 10 tiro tr>rnsaGtioa • Musa not, unless specifically avthorixod in whiling to do so by the party, dadose that tho owner will accept a prise it=& than stet written aslmg price, that the buyeritonarit will pay a price groalor than Ihd price submitted to a written offer and any confidential Information or any other i ifirrmatrnn that a pony speolfically instructs: the broker In vm4ng not Ira disclose, uridess required to do so by law AS SUBAGENT- A rioansa holdnr acts as a subagent when erring a buyer In a transaction without an agreement 10 roprmant Ihrs buyer A subagent can evelst the buyer but does not mvmsonl ?-* buyer and rrwilt piam the iniefeata of the owner fret. TO AVOID DISPUTES, ALL AGREEMENTS SEMEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH- ' The broker's duties and responsibilities to you, and your obNolions under the ropMreir tulion ogmarnw 1. • Who wtl pay the broker for services provided to you. when poymftt will be made wid how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for rrfornmbon purpusm tit drrasr not creole an atdgatlon for you to use the brokor's sorvims Please ocAnowledge reacaipl of fibs notice below and retest a copy for your records 8rinecor Prooanioa Licorlsed Broker Mooker Fain Name or Primary Asmrrsad 6uslacss Name Designaled Broker of Firm Brantley B¢n�r _ Licensieti Supervisor of Sales Agero Associate Srentfev Srfneaar Sales AWIlAssociate"s Name 9E0'2 1_0 b li euas.corn {512)giO-0188 License No. Final Phone 569701 bb@312tertas.com (512)4"188 License No Emil phone 589701 bb@5121axn.com (512 40-0188 License No Email Phone 589701 b__b@5121*xe*,corn _ (514,jM 188 License N4 Emai Phone BuyvrTamnllScIlork,ondlofd initials Dine Regulated by the Texas Real Estate Commission Information available at www.trec.texas,gov (ABS 1-0 Oats A IMpr Pfnpmtlw ail YI Wry Air 1w,ti1 4ek C71 ::obi Pima lil+ateld rtli 1'M1WJ rl� nnrir anwawr B RI N E(�AIt N1 IPR0VERTI CS -t I h i r� I A I I- City of Round Rock ROUND ROCK TEXAS Agenda Item Summary Agenda Number: Title: Consider City Manager approval for Commercial Real Estate Listing Agreement with Brinegar Properties for the listing of 100 Tower Drive. Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 11/19/2021 Dept Director: Cost: Indexes: General Fund Attachments: Signed Listing Agreement 100 Tower Dr, LAF - Commercial Real Estate Listing Agmt - Brinegar Properties (00482353xA08F8) Department: City Manager's Office Text of Legislative File CM-2021-304 This was approved out of process Cost: Source of Funds: General Fund City of Round Rock Page 1 of 1