NDA: Laundromat on Hillcroft Ave, Houston
  • Image field 1
  • BUYER CONFIDENTIALITY AND WARRANTY AGREEMENT

  • In consideration of Crexus Real Estate LLC DBA The Realty and the business owner(s) ("Seller") providing the undersigned ("Buyer") with certain confidential and proprietary information on the business(es) ("Business") identified below, Buyer hereby understands, agrees, represents and warrants to Crexus Real Estate LLC DBA The Realty and Seller as follows:
  • 1. All information furnished to Buyer by Crexus Real Estate LLC DBA The Realty or Seller including the identity of the Seller and the Business, all oral or written data, reports, records, and other material ("Information") will be deemed confidential and Buyer agrees not to disclose any such Information to any other party, except to Buyer's employees and agents whose knowledge of the Information is required to evaluate the Business as a potential acquisition. Buyer accepts full responsibility for the compliance with all provisions of this Agreement by such employees and agents. Buyer will not use the Information to interfere or compete with the Seller. Buyer will not attempt to hire any of Seller's employees unless Buyer acquires the Business.
  • 2. Buyer will not contact the Seller, its employees, suppliers or customers except through Crexus Real Estate LLC DBA The Realty. All inquiries, correspondence, offers to purchase, negotiations and closing preparations will be conducted exclusively through The Realty
  • 3. Buyer acknowledges that Crexus Real Estate LLC DBA The Realty has stated that it is working as an agent for the Seller and is not in contract with Crexus Real Estate LLC DBA The Realty providing for fees to be paid to Crexus Real Estate LLC DBA The Realty upon the sale, merger, consolidation or other corporate transaction involving the Business or related property. Buyer agrees not to circumvent or interfere with Crexus Real Estate LLC DBA The Realty's contract with Seller in any way. In the event of such circumvention or interference, Buyer agrees to be additionally liable for Crexus Real Estate LLC DBA The Realty's fee, for any damages to Crexus Real Estate LLC DBA The Realty and/or Seller, and for any and all attorneys' fees related to the event.
  • 4. INFORMATION FURNISHED BY CREXUS REAL ESTATE LLC DBA THE REALTY ABOUT THE BUSINESS AND ITS FINANCIALS IS BASED UPON INFORMATION AND REPRESENTATIONS PROVIDED BY THE SELLER AND CREXUS REAL ESTATE LLC DBA THE REALTY HAS MADE NO INDEPENDENT INVESTIGATION OR VERIFICATION OF SAID INFORMATION. BUYER HEREBY EXPRESSLY RELEASES AND DISCHARGES CREXUS REAL ESTATE LLC DBA THE REALTY, ITS AGENTS AND/OR EMPLOYEES FROM ANY AND ALL RESPONSIBILITY AND/OR LIABILITY IN CONNECTION WITH THE ACCURACY, COMPLETENESS OR ANY OTHER ASPECTS OF SUCH INFORMATION AND ACCEPTS SOLE AND FINAL RESPONSIBILITY FOR THE DUE DILIGENCE, EVALUATION AND VERIFICATION OF SUCH INFORMATION AND ALL OTHER FACTORS RELATING TO THE BUSINESS AND ITS FINANCIALS.
  • 5. Buyer acknowledges the responsibility to perform a due diligence review at its own cost and expense prior to any acquisition. Crexus Real Estate LLC DBA The Realty advises the Buyer to seek counsel from an attorney, CPA and other professionals Buyer deems necessary to make an informed decision on a Business acquisition. Buyer agrees to provide financial statements, references and other data evidencing Buyer's financial capabilities upon request of Crexus Real Estate LLC DBA The Realty or Seller.
  • 6. Buyer will be the principal in any proposed acquisition and is not working on behalf of undisclosed principals or as a subagent for any other person or entity. If Buyer decides not to acquire the Business, all Information shall be promptly returned or destroyed, as directed by Crexus Real Estate LLC DBA The Realty or Seller.
  • 7. The respective obligations of the parties under this Agreement shall survive for a period of two years following the date hereof. The Seller is hereby designated as a third-party beneficiary to this Agreement.
  • This Agreement applies to the Business(es) listed below:
  • Name/type of business: The Realty TX Washateria | Hillcroft Ave, Houston TX
  • Crexus Real Estate LLC DBA The Realty:
  • Trinh Nguyen, Broker
  • Format: (000) 000-0000.
  • 9999 Bellaire Blvd, Suite 509, Houston TX 77036
  • Browse Files
    Drag and drop files here
    Choose a file
    Cancelof
  • Houston, TX 77036
  • 11-2-2015
  • Information About Brokerage Services

  • Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
  • TYPES OF REAL ESTATE LICENSE HOLDERS:

    • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
    • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
  • A BROKER'S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

    • Put the interests of the client above all others, including the broker's own interests;
    • Inform the client of any material information about the property or transaction received by the broker;
    • Answer the client's questions and present any offer to or counter-offer from the client; and
    • Treat all parties to a real estate transaction honestly and fairly.
  • 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 state 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:
    • Must treat all parties to the transaction impartially and fairly;
    • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
    • Must not, unless specifically authorized in writing to do so by the party, disclose:
      • that the owner will accept a price less than the written asking price;
      • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
      • any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
  • AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
  • TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:

    • The broker's duties and responsibilities to you, and your obligations under the representation agreement.
    • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
  • LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records.
  • The Realty
  • 9014042
  • info@therealtytexas.com
  • 844 THE 8880
  • Licensed Broker/Broker Firm Name or Primary Assumed Business Name
  • License No.
  • Email
  • Phone
  • TheTrinh Nguyen
  • 617251
  • trinh@trinhbroker.com
  • 832 356 TRIN
  • Date
     - -
  • Regulated by the Texas Real Estate Commission
  • Information available at www.trec.texas.gov
  • IABS 1-0
  •  
  • Should be Empty: