Common use of Downtown Clause in Contracts

Downtown. PR OPER TY DESCRIPTION FEA TURES BUILDING LOCATION UT LAW SCHOOL ST. DAVID’S MEDICAL CENTER MARY’S CAFE RED RIVER MARKET STORAGE LAB EXAM ROOM LARGE EXAM ROOM EXAM ROOM STORAGE LARGE EXAM ROOM LARGE EXAM ROOM RESTROOM BREAK ROOM DATA EXIT UTILITIES WAITING ROOM TYPES OF REAL ESTATE LICENSE HOLDERS A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interest of the client above all others, including the broker’s own interests; A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must say who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:

Downtown. PR OPER TY DESCRIPTION FEA TURES BUILDING LOCATION UT LAW SCHOOL DELL SETON MEDICAL CENTER ST. DAVID’S MEDICAL CENTER MARY’S CAFE RED RIVER MARKET STORAGE LAB EXAM ROOM LARGE EXAM ROOM EXAM ROOM STORAGE LARGE EXAM ROOM LARGE EXAM ROOM RESTROOM BREAK ROOM DATA EXIT UTILITIES WAITING ROOM THE PARK AT RED RIVER TYPES OF REAL ESTATE LICENSE HOLDERS A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interest of the client above all others, including the broker’s own interests; A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must say who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: