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________________ ________________ INITIALS INITIALS ©2019 AIR CRE.All Rights Reserved.Last Edited:3/8/2022 9:08 AM AD-3.01,Revised 10-22-2020 Page 1 of 4 DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIP (As required by the Civil Code) When you enter into a discussion with a real estate agent regarding a real estate transacƟon,you should from the outset understand what type of agency relaƟonship or representaƟon you wish to have with the agent in the transacƟon. SELLER'S AGENT A Seller's agent under a lisƟng agreement with the Seller acts as the agent for the Seller only.A Seller's agent or a subagent of that agent has the following affirmaƟve obligaƟons: To the Seller:A fiduciary duty of utmost care,integrity,honesty and loyalty in dealings with the Seller. To the Buyer and the Seller: (a)Diligent exercise of reasonable skill and care in performance of the agent's duƟes. (b)A duty of honest and fair dealing and good faith. (c)A duty to disclose all facts known to the agent materially affecƟng the value or desirability of the property that are not known to,or within the diligent aƩenƟon and observaƟon of,the parƟes. An agent is not obligated to reveal to either party any confidenƟal informaƟon obtained from the other party that does not involve the affirmaƟve duƟes set forth above. BUYER'S AGENT A Buyer's agent can,with a Buyer's consent,agree to act as agent for the Buyer only.In these situaƟons,the agent is not the Seller's agent,even if by agreement the agent may receive compensaƟon for services rendered,either in full or in part from the Seller.An agent acƟng only for a Buyer has the following affirmaƟve obligaƟons: To the Buyer:A fiduciary duty of utmost care,integrity,honesty and loyalty in dealings with the Buyer. To the Buyer and the Seller: (a)Diligent exercise of reasonable skill and care in performance of the agent's duƟes. (b)A duty of honest and fair dealing and good faith. (c)A duty to disclose all facts known to the agent materially affecƟng the value or desirability of the property that are not known to,or within the diligent aƩenƟon and observaƟon of,the parƟes. An agent is not obligated to reveal to either party any confidenƟal informaƟon obtained from the other party that does not involve the affirmaƟve duƟes set forth above. AGENT REPRESENTING BOTH SELLER AND BUYER A real estate agent,either acƟng directly or through one or more salesperson and broker associates,can legally be the agent of both the Seller and the Buyer in a transacƟon,but only with the knowledge and consent of both the Seller and the Buyer. In a dual agency situaƟon,the agent has the following affirmaƟve obligaƟons to both the Seller and the Buyer: (a)A fiduciary duty of utmost care,integrity,honesty and loyalty in the dealings with either the Seller or the Buyer. (b)Other duƟes to the Seller and the Buyer as stated above in their respecƟve secƟons. In represenƟng both Seller and Buyer,a dual agent may not,without the express permission of the respecƟve party,disclose to the other party confidenƟal informaƟon,including,but not limited to,facts relaƟng to either the Buyer's or Seller's financial posiƟon,moƟvaƟons,bargaining posiƟon,or other personal informaƟon that may impact price,including the Seller's willingness to accept a price less than the lisƟng price or the Buyer's willingness to pay a price greater than the price offered. SELLER AND BUYER RESPONSIBILITIES Either the purchase agreement or a separate document will contain a confirmaƟon of which agent is represenƟng you and whether that agent is represenƟng you exclusively in the transacƟon or acƟng as a dual agent.Please pay aƩenƟon to that confirmaƟon to make sure it accurately reflects your understanding of your agent’s role.The above duƟes of the agent in a real estate transacƟon do not relieve a Seller or Buyer from the responsibility to protect his or her own interests.You should carefully read all agreements to assure that they adequately express your understanding of the transacƟon.A real estate agent is a person qualified to advise about real estate.If legal or tax advice is desired,consult a competent professional.If you are a Buyer,you have the duty to exercise reasonable care to protect yourself, including as to those facts about the property which are known to you or within your diligent aƩenƟon and observaƟon.Both Sellers and Buyers should strongly consider obtaining tax advice from a competent professional because the federal and state tax consequences of a transacƟon can be complex and subject to change. Throughout your real property transacƟon you may receive more than one disclosure form,depending upon the number of agents assisƟng in the transacƟon.The law requires each agent with whom you have more than a casual relaƟonship to present you with this disclosure form.You should read its contents each Ɵme it is presented to you,considering the relaƟonship between you and the real estate agent in your specific transacƟon.This disclosure form includes the provisions of SecƟons 2079.13 to 2079.24,inclusive,of the Civil Code set forth on page 2.Read it carefully.I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRINTED ON THE BACK (OR A SEPARATE PAGE). Buyer Seller Lessor Lessee City of San Leandro Date: Buyer Seller Lessor Lessee Parshotam Inc.,(an S Corporation)Date: Agent:TRI Commercial Real Estate Services,Inc.DRE Lic.#:00532032 Real Estate Broker (Firm) By:DRE Lic.#:02024892 Date: (Salesperson or Broker-Associate)