Real Estate 1, Jerry Walsh & Co. LLC

157 North 5th Street

Laramie, WY 82072

Phone: 307-742-7048, Fax: 307-745-7000

IMPORTANT NOTICE

Seller's Agent/Landlord's Agent (Requires written agreement with Seller)  If a Seller signs a written listing agreement with us and engages us as a Seller's agent, we represent the Seller. On properties listed with other brokerage companies, we may work as an agent for the Seller, if the Seller agrees to have us work as a subagent. As an agent or subagent for the Seller, we represent the Seller and owe the Seller a duty of utmost good faith, loyalty, and fidelity in addition to the obligations enumerated below for Intermediaries. Wyo. Stat. § 33-28-303(a). The Seller is legally responsible for our actions as either an agent or subagent, when such agent or subagent is acting within the scope of the agency relationship.

Buyer/Tenant as Customer. (No written agreement with Buyer) We may work with the Buyer in purchasing property even though we are an agent or subagent of the Seller. In that event, we will not have a written agreement with the Buyer. Even though we do not represent the Buyer, we will assist the Buyer as our customer and are obligated to deal fairly and honestly with the Buyer, to answer the Buyer's questions accurately concerning facts we know about the property, and to disclose any adverse material facts we know about the property. As a Seller's agent or subagent, we have duties to disclose to the Seller certain information; therefore, the Buyer, as our customer, should not tell us any information which the Buyer does not want shared with the Seller.

Buyer's Agent/Tenant's Agent. (Requires written agreement with Buyer) If a Buyer signs a written Buyer Agency Agreement with us, we will act as an agent for the Buyer. If so, we represent the Buyer and owe the Buyer a duty of utmost good faith, loyalty and fidelity in addition to the obligations enumerated below for Intermediaries. The Buyer is legally responsible for our actions as an agent, when the Buyer's agent is acting within the scope of the agency relationship. As a Buyer's Agent, Wyoming law requires us-to disclose to potential Sellers all adverse material facts, which may include material facts regarding the Buyer's financial ability to perform the terms of the transaction.  Wyo. Stat. § 33-28-304(c). As a Buyer's Agent, we have duties to disclose to the Buyer certain information; therefore, the Seller should not tell us any information which the Seller does not want shared with the Buyer.

Intermediary. (Requires written agreement with Seller and/or Buyer) The Intermediary relationship is a non-agency relationship which may be established between a broker and a Seller and/or a broker and a Buyer. A Seller may choose to engage a broker as an Intermediary when listing a property. A Buyer may also choose to engage a broker as an Intermediary. An Intermediary shall not act as an agent or advocate for any party and shall be limited to providing those services set forth below. Wyo. Stat.§ 33-28-305.  As an Intermediary (Non-Agent), we will not represent you or act as your agent. The parties to a transaction are not legally responsible for the actions of an Intermediary and an Intermediary does not owe the parties the duties of an agent, including the fiduciary duties of loyalty and fidelity. We will have the following obligations to you:

> perform the terms of any written agreement made by the Intermediary with any party or parties to the transaction;

> exercise reasonable skill and care;

> advise the parties to obtain expert advice as to material matters about which the Intermediary knows but the specifics of which are beyond the expertise of the Intermediary;

> present all offers and counteroffers in a timely manner;

> account promptly for all money or property we receive;

> keep you fully informed regarding the transaction;

> obtain the written consent of the parties before assisting the buyer and seller in the same real estate transaction;

> disclose to the parties any interests the Intermediary may have which are adverse to the interest of either party;

> disclose to prospective buyers, known adverse material facts about the property;

> disclose to prospective sellers, any known adverse material facts, including adverse material facts pertaining to the buyer's financial ability to perform the terms of the transaction; and

> disclose to the parties that an intermediary owes no fiduciary duty either to buyer or seller, is not allowed to negotiate on behalf of the buyer or seller, and may be prohibited from disclosing information about the other party, which if known, could materially affect negotiations in the real estate transaction.

As Intermediary, we will disclose all information to each party, but will not disclose the following information without your informed consent:

> that you may be willing to agree to a price different than the one offered;

> the motivating factors for buying or selling the property;

> that you will agree to financing terms other than those offered; or

> any material information about you, unless disclosure is required by law or if lack of disclosure would constitute dishonest dealing or fraud.

If a Buyer who has signed a Buyer Agency Agreement with us wants to look at or submit an offer on property we have listed as an agent for the Seller, the Seller and the Buyer may consent in writing to allow us to change to an Intermediary (non-agency) relationship with both the Buyer and the Seller. Wyo. Stat. § 33-28-307.  An established relationship cannot be modified without the written consent of the Buyer or the Seller. The Buyer or Seller may, but are not required to, negotiate different commission fees as a condition to consenting to a change in relationship.

On ___________________(date), I provided (Seller) (Buyer) with a copy of this Real Estate BrokerageDisclosure and have kept a copy for our records.

I/We have been given a copy and have read this Real Estate Brokerage Disclosure on ___________________(date) and hereby acknowledge receipt and understanding of this Disclosure.

SELLER'S SIGNATURE________________________

BUYER'S SIGNATURE ________________________

PREPARED BY AGENT: Real Estate 1, Jerry Walsh & Co. LLC, Office  WAR Form 410-0901, Real Estate Brokerage Disclosure. Wyoming Association of REALTORS®  2001© Wyoming Association of REALTORS® RealFA$T® Software, ©2004, Version 6.14. Software Registered to: Jerry Walsh, Real Estate 1, Jerry Walsh & Co. LLCPage 3 of 3

Tenant Brokerage disclosure

Real Estate 1, Jerry Walsh & Co. LLC

157 North 5th Street

Laramie, WY 82072

Phone: 307-742-7048, Fax: 307-745-7000

IMPORTANT NOTICE

REAL ESTATE DISCLOSURE FOR LANDLORDS OR TENTANTS

Landlord's Agent. (No written agreement with Tenant; requires written agreement with Landlord) If a Landlord signs a written agreement with us, we are an agent for the Landlord. As an agent for the Landlord, we represent the Landlord and owe the Landlord a duty of utmost good faith, loyalty, and confidence, in addition to the obligations enumerated below for Intermediaries. The Landlord is legally responsible for our actions as an agent. We may work with the Tenant in renting property even though we are an agent of the Landlord. In that event, we will not have a written agreement with the Tenant. The Tenant is not legally responsible for our actions. Even though we do not represent the Tenant, we will assist the Tenant as our customer and are obligated to deal fairly and honestly with the Tenant, to answer the Tenant's questions accurately concerning facts we know about the property, and to disclose any adverse material facts we know about the property. As a Landlord's agent, we have duties to disclose to the Landlord certain information; therefore, the Tenant, as our customer, should not tell us any information which the Tenant does not want shared with the Landlord.

Tenant's Agent. (Requires written agreement with Tenant) If a Tenant signs a written Tenant Agreement with us, we will act as an agent for the Tenant. If so, we represent the Tenant and owe the Tenant a duty of utmost good faith, loyalty and confidence, in addition to the obligationsenumerated below for Intermediaries. The Tenant is legally responsible for our actions as an agent. As a Tenant's Agent, Wyoming law requires us to disclose to potential Landlords all adverse material facts concerning Tenant's financial ability to perform the terms of the transaction. As a Tenant's Agent, we have duties to disclose to the Tenant certain information; therefore, the Landlord should not tell us any information which the Landlord does not want shared with the Tenant.

Intermediary. (Requires written agreement with Landlord and Tenant; or Tenant) The Intermediary relationship is a non-agency relationship which may be established between a broker and a Landlord or a broker and a Tenant in only two situations, both of which require written agreements. First, if a Tenant who has signed a Tenant Agency Agreement with us wants to look at or rent property we are managing or marketing as an agent for the Landlord, our relationships with the Landlord and Tenant will automatically change to Intermediary (non-agency) relationships with both the Tenant and the Landlord. On this type of in-house transaction, neither the Tenant nor the Landlord will be legally responsible for our actions as an Intermediary. As an Intermediary (Non-Agent), we will not represent you and will not owe you a duty of utmost good faith, loyalty, and confidence. We will have the following obligations to you:

• disclose known adverse material facts about the property;

• exercise reasonable skill and care;

• present all offers in a timely manner;

• advise you regarding the transaction;

• account promptly for all money or property we receive; and

• assist in complying with the terms and conditions of any contract and with the closing of the transaction. As Intermediary, we will disclose all information to each party, but will not disclose the following information without your informed written consent:

• the motivating factors for renting or leasing the property;

• that you may be willing to agree to a price different than the one offered; or

• any material information about you, unless disclosure is required by law or if lack of disclosure would constitute dishonest dealing or fraud.

Real Estate 1, Jerry Walsh & Co. LLC

157 North 5th Street Laramie, WY 82072

BY:______________________________________________

We have been given a copy and read this Important Notice on (date) __________________________