The purpose of this Disclosure is to acknowledge that the undersigned has been informed of the following brokerage relationships which may be available in a real estate transaction. The following descriptions of brokerage relationships and their respective duties and obligations are based upon usage in the real estate industry and are not recited as the law of the Territory of the United States Virgin Islands.

1. Seller's Agent: An agent who is engaged by and acts as the agent for the Seller only. Seller may be liable for the acts of Seller's Agent or any Subagent is acting in the scope of this agency relationship. A Seller's Agent or a Subagent of a Seller's Agent has no obligation to verify the accuracy or completeness of statements made by any party nor to conduct an independent investigation of the property or of the Buyer's financial condition, but shall have the following duties and obligations:

Seller's Agent or a Subagent of Seller's Agent shall not disclose the following information without prior written consent of Seller: (a) that the Seller is willing to accept a price less than the asking price; (b) what the Seller's motivating factors for Selling are; (c) that the Seller will agree to financing terms other than those offered; (d) material information about the Seller, unless disclosure is required by law or the failure to disclose such information would constitute fraud or dishonest dealing.

2. Buyer's Agent: An agent who is engaged by and acts as the agent for the Buyer only. Buyer may be liable for the acts of the Buyer's Agent or any Subagent of Buyer's Agent when Buyer's Agent or Subagent is acting within the scope of this agency relationship. A Buyer's Agent or Subagent of a Buyer's Agent has no obligation to verify the accuracy or completeness of statements made by any party nor conduct an independent investigation of the property or of the Buyer's financial condition, but shall have the following duties and obligations:

Buyer's Agent or a Subagent of Buyer's Agent shall not disclose the following information without prior written consent of Buyer: (a) that the Buyer is willing to pay a price greater than the current price being offered by the Buyer; (b) what the Buyer's motivating factors for purchasing are; (c) that the Buyer will agree to financing terms other than those offered; (d) material information about the Buyer, unless disclosure is required by law or the failure to disclose such information would constitute fraud or dishonest dealing.

3. Dual Agent: An agent who, with written informed consent of Seller and Buyer, is engaged as an agent for both Seller and Buyer. Seller and Buyer may each be liable for the acts of the Dual Agent when the Dual Agent is acting within the scope of this agency relationship. A Dual Agent has the duties and obligations of both a Seller's Agent and a Buyer's Agent as set forth in Sections 1 and 2 above. Such duties and obligations may be in conflict with one another. In fulfilling such duties, Broker, as a Dual Agent, shall not represent the interests of one party to the exclusion or detriment of the interests of the other party. When acting as a Dual Agent, Broker may be required to disclose to one party or the other information relative to the transaction that the Dual Agent gains from the other party. In this regard, a Dual Agent shall not disclose the following information without prior written permission of the affected party; (a) that the Seller is willing to accept a price less than the asking price; (b) that the Buyer is willing to pay more than the current price offered by Buyer; (c) what the motivating factors are for a party selling or Buying the property; (d) that a Seller or Buyer will agree to financing terms other than those offered; or, e) material information about the Seller or Buyer, unless disclosure is required by law or the failure to disclose such information would constitute fraud or dishonest dealing.

4. Other Brokerage Relationships: United State Virgin Islands law does not specifically authorize nor prohibit real estate brokers from entering into brokerage relationships other than those described in Sections 1, 2, 3, above. However, the National Association of REALTORS® currently requires an agency relationship to exist between an owner of real estate and a listing broker as a condition of offering the owner's property through a multiple listing service. The duties and obligations of any brokerage relationship should be fully described in a written agreement between the broker and the parties who are to be assisted.

Throughout a real estate transaction, Sellers and Buyers may receive more than one form relating to real estate brokerage relationships depending upon the circumstances and number of Brokers assisting in the transaction. Sellers and Buyers should read the contents of each form when it is presented and confirm in writing that it accurately reflects the brokerage relationship(s) they may have with Broker(s).

I/We acknowledge that a copy of this Disclosure or Real Estate Brokerage Relationships was received by me/us prior to entering into any real estate brokerage relationship with Minkoff & Associates, L.L.C..