Agency Disclosure - Jemison Realty Co.

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Jemison Realty Company offers services from sales, leasing and property management with a primary focus on commercial and multifamily real estate. We strive to be client oriented rather than transaction oriented. Our team has worked diligently to build long-term relationships with the view that our business associations must be mutually rewarding.

As we continue into 21st century, we accept the challenges ahead and look forward to new opportunities. With our property management, in-house leasing and a host of contractors, we manage the client’s property at every level. These services include, screening tenants, leasing, and collections, building maintenance, accounting and preparing owner statements. As each property is unique, we can tailor our management services to suit the client’s individual needs.

· You must first view the apartment or house you would like to lease. You can check out a key Monday-Friday from 8:30-1:00 pm with a $25 cash deposit and a copy of ID card. It will be refunded upon return by 3:00pm.

· Complete and submit application, Copy of a Photo ID, proof of income and application fee of $50.00 cash for each applicant at our Office. 2937 7th Ave South., Suite 106, Birmingham, AL 35233. Credit History and Rental History will be obtained as well.

· Make appointment to sign the lease by calling our office 205-250-0036 . Provide certified funds, or a money order for the security deposit and first month's rent. Your rent will be pro-rated on the second month if occupancy is less than the full month. Please ask your leasing specialist for the pro-rated amount.

· Provide a copy of your Renters Insurance at the Time you sign your lease.

· If a guarantor is allowed, the guarantor will also need to fill out an application for approval.

Alabama law requires you, the consumer, to be informed about the types of services which real estate licensees may perform. The purpose of this disclosure is to give you a summary of these services.

· A Single Agent is a licensee who represents only one party in a sale. That is, a single agent represents his or her client. The client may be either the seller or the buyer. A single agent must be completely loyal and faithful to the client.

· A Sub-Agent is another agent/licensee who also represents only one party in a sale. A sub-agent helps the agent represent the same client. The client may be either the seller or the buyer. A sub-agent must also be completely loyal and faithful to the client.

· A Limited Consensual Dual Agent is a licensee for both the buyer and the seller. This may only be done with the written, informed consent of all parties. This type of agent must also be loyal and faithful to the client, except where the duties owed to the clients conflict with one another.

· A Transaction Broker assists one or more parties in a sale. A transaction broker is not an agent and does not have the same obligations as an agent. The transaction broker and licensees working with him or her perform the services set out in their contract.

Alabama law imposes the following obligations on all real estate licensees to all parties, no matter their relationships:

· To provide services honestly and in good faith;

· To exercise reasonable care and skill;

· To keep confidential any information gained in confidence, unless disclosure is required by law or duty to a client, the information becomes public knowledge, or disclosure is authorized in writing;

· Present all written offers promptly to the seller;

· Answer your questions completely and accurately.

Further, even if you are working with a licensee who is not your agent, there are many things that the licensee may do to assist you, the customer. Some examples are:

· Provide information about properties;

· Show properties;

· Assist in making a written offer;

· Provide information on financing

You should choose which type of service you want from a licensee and sign an appropriate brokerage service agreement. If you do not sign an agreement, by law the licensee working with you is a transaction broker. 

The licensee's broker is required by law to have on file an office policy describing the company's brokerage services. You should feel free to ask any questions you have.