Notice: Sections 15 and 20, Texas Real Estate

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Notice: Sections 15 and 20, Texas Real Estate
License Act, require certain agreements with
real estate brokers to be in writing.
VIRGINIA COOK REALTORS
TENANT REPRESENTATION AGREEMENT / EXCLUSIVE RIGHT TO LEASE
SALES ASSOCIATE: ____Melinda Knecht__________________________________________________________________
TENANT(s): ___________________________________________________________________________________________
MARKET AREA:
Select One or More:

City or area of city: ___________________________________________________________________________

County: ________________________________

Specific Property or Properties (Address): _______________________________________________________
TERM: COMMENCEMENT DATE: _________________________
EXPIRATION DATE: __________________________
PROFESSIONAL SERVICE FEE: __50_ % of one-month’s rent.
1. APPOINTMENT OF BROKER: Effective upon the Commencement Date and continuing through the Expiration Date,
Tenant appoints Virginia Cook, Realtors, (the “Broker”) as Tenant’s exclusive agent to represent and assist Tenant in
leasing a property within the Market Area from a property owner (the “Landlord”). Tenant shall conduct through Broker
all efforts to locate property within the Market Area and shall conduct through Broker all negotiations for the lease of any
property within the Market Area. Tenant represents there is no existing agreement between Tenant and any other real
estate broker for the lease of property within the Market Area.
2. PROFESSIONAL SERVICE FEE: The Professional Service Fee (the “Fee”) is earned when Tenant enters into a
contract to lease property within the Market Area prior to the Expiration Date or within 120 days after the Expiration Date
for any property within the Market Area shown to Tenant by Broker during the term of this agreement, provided that (i)
Broker, within 10 days after the Expiration Date has given Tenant a written list of all properties shown to Tenant within
the Market Area during the term of this agreement and (ii) Tenant has not entered into another representation
agreement with a Texas licensed real estate broker for properties within the Market Area.
Broker will endeavor to collect the Fee in the form of a commission (the “Commission”) from the Landlord or Landlord’s
broker.
If Landlord or Landlord’s broker offers a commission less than the fee, Broker will inform Tenant in advance and Tenant
agrees to pay Broker the difference between the Fee and the Commission.
3. AGENCY RELATIONSHIP:
Tenant acknowledges receipt of the publication entitled INFORMATION ABOUT
BROKERAGE SERVICES (“IABS"). Broker shall exclusively represent Tenant in all transactions other than for the lease
of property listed for lease by Broker. For properties listed for lease by Broker, Tenant agrees and consents to the
following agency relationship with Broker:
Initial One
_____ A. Tenant does not wish to be shown property listed for lease by Virginia Cook, Realtors.
_____ B. Tenant wishes to be shown properties listed for lease by Virginia Cook, Realtors, but not properties
listed for lease by Sales Associate and consents that should a transaction for the lease of such property
result, Broker shall be authorized to act as an intermediary through the appointment of separate “Appointed
Licensees” to work with and carry out instructions of each party.
________________________________________________________________________________________________________________
Tenant Representation Agreement Page 1 of 2
Initialed for Identification: __________, __________ Tenant and __________ Broker / Associate
Tenant Representation Agreement between _Melinda Knecht of Virginia Cook Realtors and _____________________________________________________
______ C. Tenant wishes to be shown properties listed for lease by Virginia Cook, Realtors, including properties
listed for lease by Sales Associate and consents that should such a transaction for the lease of such a
property result, Broker shall be authorized to act as an intermediary with Sales Associate acting solely as an
“Intermediary Representative” of Broker, working with both Tenant and Landlord.
If broker is authorized to act as an intermediary under B. or C. above, sales associates of Broker working with Tenant
shall be representatives of the Broker acting as an intermediary. Refer to IABS for the obligations of a broker acting as
an intermediary.
4. COMPETING REPRESENTATION: Tenant acknowledges and understands that Broker may be representing other
prospective Tenants competing for some of the same or similar properties being shown by Broker to Tenant. Tenant
consents to such competing representation by Broker of such other prospective Tenants.
5. MISCELLANEOUS PROVISIONS:
(a) Broker and Broker’s Sales Associate shall perform their obligations without regard to the race, color, religion,
national origin, marital status, sex, handicap, or familial status of any prospective tenant or landlord.
(b) In any suit to enforce this agreement the prevailing party shall be entitled to recover reasonable attorney fees.
(c) This Agreement contains the entire agreement of the parties and shall not be modified except in writing.
(d) Broker cannot give legal advice. This is a binding legal document. Read it carefully and if you do not
understand it, consult an attorney.
EXECUTED ON THIS __________ DAY OF ______________________________, __________.
BROKER: VIRGINIA COOK, REALTORS
TENANT: __________________________________________
Sales Associate: _______________________________
Address: __________________________________________
Printed Name: ___Melinda Knecht_________________
__________________________________________
Broker License:
Address:
0470306
Telephone: ________________________________________
5950 Sherry Lane, Suite 110
E-mail: ___________________________________________
Dallas, Texas 75225
TENANT: _________________________________________
Telephone:
214.520.4401
Address: __________________________________________
Facsimile:
972.407.4745
__________________________________________
E-mail: [email protected]_______________
Telephone: ________________________________________
E-mail: __________________________________________
_________________________________________________________________________________________________________________
Tenant Representation Agreement Page 2 of 2
Initialed for Identification: __________, __________ Tenant and __________ Broker / Associate

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