TERMS OF USE

Last Updated: April 2023

 Please read these Terms of Use carefully before continuing on with your use of the Services. By accessing and/or using the Services (including without limitation our websites and mobile applications) You are agreeing to these Terms of Use. IF YOU DO NOT AGREE WITH THESE TERMS, DO NOT ACCESS OR USE THE SERVICES. By registering with or accessing the Service you are acknowledging and accepting these Terms of Use (these "Terms"). Capitalized terms are defined below.THESE TERMS OF USE CONTAIN A MANDATORY INDIVIDUAL ARBITRATION AND CLASS ACTION/JURY TRIAL WAIVER PROVISION THAT REQUIRES THE USE OF ARBITRATION ON AN INDIVIDUAL BASIS TO RESOLVE DISPUTES, RATHER THAN JURY TRIALS OR CLASS ACTIONS. BY AGREEING TO THESE TERMS OF USE AND THE ARBITRATION AND CLASS ACTION WAIVER PROVISION, YOU WAIVE YOUR RIGHT TO BRING A LAWSUIT IN COURT.Coldwell Banker Real Estate LLC (“We”) fully support the principles of the Fair Housing Act and the Equal Opportunity Act.Some words used in these Terms of Use have a specific definition. You can find these definitions at the end of these Terms of Use.

1. These Terms
This is a legally binding agreement. The terms "you" and "your" refer to an individual registering with or accessing the Service. You represent that you have the full right, power, and authority to enter into and perform these Terms without the consent of any third party.We may, in our sole discretion, amend these Terms from time to time upon notice. Your continued use of the Service after any such change constitutes your acceptance of the amended Agreement. If you do not agree to any portion of these Terms at any time, you must cease your access and use of the Service.

2. Use of the ServiceA. Accounts
You may register, maintain, and create an Account for the Service. You are responsible and liable for all activities conducted in connection with your Account, for maintaining the security of your username and password, and for the accuracy of all information relating thereto, including contact, technical and payment information, and your login credentials. You will promptly (i) update any Account information when it changes, and (ii) notify us of any unauthorized use of your Account, including any security or data breach. You may only connect to the Service through your Account and in accordance with our access procedures. You will not allow an Account to be shared or used by more than one individual. By providing us with your email address you consent to us sending you Service-related notices. You must be eighteen (18) years of age or older to use the Service.

B. Service Rules
You will use the Service strictly in accordance with these Terms, all Documentation, the Privacy Policy, and Applicable Law. You will not engage in any of the following activities:

(i) use the Service in violation of any third-party license or agreement;

(ii) use the Service to collect, process, or store bank account information, credit or debit card information, personally identifiable information pertaining to children under 13, or health or medical information (including 'Protected Health Information' as defined in the Health Insurance Portability and Accountability Act of 1996);

(iii) sublicense, sell, transfer, assign, distribute, republish, rent, lease or transmit in any form or by any means any part of the Service;

(iv) use, modify, copy, or create derivative works from the Service or Marks without the applicable owner's written permission, including without limitation using automated or manual means to access Content from the Service;(v) frame, mirror, embed or otherwise incorporate any portion of the Service in any other service or product;(vi) scrape or use any automated means to collect data from the Service or any website;

(vii) reverse engineer, decompile, or disassemble any part of the Service, or use or access any part of the Service in connection with any other product or service using features, functions or graphics similar to any part of the Service;

(viii) remove, obscure, or alter any Intellectual Property Rights notice related to any part of the Service or Marks;

(ix) send or store unsolicited, infringing, harassing, obscene, threatening, harmful, defamatory, or otherwise unlawful Content;

(x) facilitate the transmission or use of any: (a) malicious code (including malware, viruses, worms, and Trojan horses); (b) traps, time bombs, or other code with a latent ability to disable or cripple software or services; or (c) code that would allow any party to interfere with or access any of portion of the Service;

(xi) interfere with, disrupt, or overburden the integrity or performance of the Service, or interfere with any other use of the Service;

(xii) attempt or assist others to attempt to gain unauthorized access to the Service or its related systems or networks; or(xiii) use the Service in any way not expressly authorized by these Terms.

C. Service Changes; Suspension
We may, without prior notice, change the Service, stop or suspend access to any or all of the Service,

or create usage limits for the Service. Your continued use of the Service after any change or limitation constitutes your acceptance thereof.

D. Monitoring; Records
We have the right, but not the obligation, to review and monitor your use of the Service at any time, with or without notice, including Communications, to ensure compliance with these Terms.

E. User Content and Behavior
Because we do not control Content, you acknowledge and agree that we are not responsible for any Content and we make no guarantees regarding the accuracy, currency, suitability, or quality of any Content. Your interactions with Users are solely between you and such Users and we are not responsible or liable with respect to any such interactions. If there is a dispute between you and any User, we are under no obligation to become involved. We reserve the right to change, condense or delete any content, information, or other materials on the Service (including your Content).

F. Your Representations You represent and warrant that you:

(i) are entitled to grant the rights and licenses to your Content under these Terms and none of your Content will infringe any party's Intellectual Property Rights or violate Applicable Law;


(ii) will not sublicense, sell, license, assign, or transfer to any party any information obtained through the Service or engage in any other commercial exploitation of the Service;

(iii) have the right and authority to enter into these Terms, and that by entering into or executing your obligations under these Terms, you will not be in breach or violation of the terms of any agreement with or obligation to any third party;


(iv) are a prospective purchaser or seller of real property in the geographic areas where we are licensed and operating with a bona fide interest in the purchase or sale of such real property;

(v) have not signed any agreement with a real estate broker or agent that would prevent you from using one of our offices as your sole and exclusive broker or agent, and you do not have a contract or agreement with any third party that would interfere with our representation of you;


(vi) will limit your search on the Service to properties within your anticipated purchase ability or price range and to the properties that meet your other criteria;

(vii) will not (a) contact the owner or seller of any property from information gained through the Service or (b) attempt to enter the property or speak with an owner or seller without an appointment set by us;

(viii) will abide by all copyright restrictions placed on the content of the Website including, but not limited to, any material or data compilations where we or others may hold the copyright;

(ix) agree that we may also represent other prospective buyers seeking to purchase properties that may meet your criteria;

(x) authorize us to review and provide copies of various documents in any of your transactions relating to the Service, including without limitation home inspection reports and closing papers;

G. Agent Users
Any User that holds any type of real-estate license, including, but not limited to a brokers, associate brokers or salespersons license other than Agents must immediately advise us before that User may access any password protected material including, without limitation, house listing data or other data compilations. We reserve the right to deny or terminate access to any real-estate agent who is not an Agent, except for the real-estate agent's limited purpose of accessing the Website for verifying compliance with MLS rules.

H. Property Data Restrictions
In addition to other restrictions herein, for the avoidance of doubt, all property data provided on the Service is for your personal, sole and private, non-commercial use and not available for redistribution, retransmission or copying. You may not sell or use such data for any purpose, other than the purpose of attempting to evaluate properties or properties for sale or purchase. You acknowledge that the MLS data on the Service is owned by the respective MLS, and you acknowledge the validity of the MLS's copyright to such data.

3. Licenses

A. License to You
Subject to these Terms, we grant you a non-exclusive, non-sublicenseable, nontransferable, limited

right, solely during the term of the Agreement, to access and use the Service solely for your non- commercial purposes related to searching for real estate for personal use.

B. License to Us
You grant to the us a non-exclusive, sublicensable, transferable, perpetual, irrevocable, royalty-free, worldwide license to use, develop, transmit, distribute, modify, reproduce, publicly display, and create derivative works of any of your Content to provide, develop, maintain, support, and improve the Service and the Affiliated Entities services.

C. Maps
The Service may feature Microsoft Bing Maps and Google Maps. Use of Microsoft Bing Maps is subject to the Bing Maps Terms of Use and use of Google Maps is subject to the Google Maps Terms of Use and Privacy Notice. Such services are not under the control of Affiliated Entities. Please review the terms of use or privacy policies of these services for rights and restrictions.

4. Ownership Rights

A. Our Ownership Rights
As between you and us, (i) we solely and exclusively own and will continue to own all right, title and interest in and to the Service and Marks; (ii) you will do nothing inconsistent with such ownership, including by challenging title or registering or attempting to register Marks or any similar trademarks; (iii) no title to or ownership in the Service or Marks, or any associated Intellectual Property Rights embodied therein, is transferred by implication to you under these Terms; and (iv) any use of Marks by you that is permitted under these Terms will inure to the benefit of and be on behalf of the applicable owner. You will promptly notify us of any use of the Service or Marks by any party that is not authorized by these Terms. If you provide us or any affiliate with Feedback, you assign to such entity all right, title and interest in and to such Feedback, including all Intellectual Property Rights therein, waiving all claims thereto, including claims of payment and credit.

B. Your Ownership Rights
As between you and us, and subject to Sections 3(B) and 4(A) above, you own all right, title and interest in and to your Content.

5. Data
You agree that the Affiliated Entities, including us, may collect, store, use, and distribute information in accordance with the Privacy Notice, including in respect of your information and data. You will comply with the Privacy Notice. Without limiting the rights contained in the Privacy Notice, You understand and agree that we may use both the data you input into as well as usage data (such as search criteria) to provide and improve our real estate services.

6. Compliance
We do not provide compliance services.You agree that the Service is provided for your convenience only, and not for purposes of enabling you to meet your obligations under Applicable Law and third-party agreements. You are solely responsible for ensuring compliance with such obligations.

7. Payment
If any amounts are due hereunder, you will pay us in accordance with statements issued by us or otherwise as agreed within the Service. Pricing for any portion of the Service is subject to change upon our notice. Pricing excludes, and you will pay, all taxes, but neither party will pay income taxes of the other party. For any amount you fail to pay by its due date, we may charge you a late penalty on the amount overdue each day it is overdue until it is paid, equal to the lesser of (a) the maximum legally permissible interest rate, and (b) an interest rate of five percent (5%), which reflects the cost of our efforts to collect your payment. You will pay amounts through the means determined by us, including without limitation through a payment service provided by us or a PSP. If a PSP is used, you may also be required to register with the PSP, agree to the PSP's terms of service and privacy policies, and go through a vetting process at the request of the PSP. Please note we are not a party to the PSP's terms of service and privacy policies and we have no obligations or liability to you under any such terms or policies.

8. NO WARRANTIES
THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EXPRESS, IMPLIED, OR STATUTORY. USE OF THE SERVICE HEREUNDER IS AT YOUR SOLE RISK. THE AFFILIATED ENTITIES DISCLAIM ALL WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY , FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON- INFRINGEMENT, AS WELL AS ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, NO AFFILIATED ENTITY, INCLUDING US, AND EACH OF THEIR LICENSORS AND SUPPLIERS DO NOT WARRANT THAT ANY PORTION OF THE SERVICE, CONTENT THEREIN OR MLS FEED IS ACCURATE, RELIABLE OR CORRECT; THAT THE SERVICE WILL MEET YOUR REQUIREMENTS OR COMPLY WITH LAWS APPLICABLE TO YOU; THAT ANY PORTION OF THE SERVICE WILL BE AVAILABLE AT ANY PARTICULAR TIME OR LOCATION, UNINTERRUPTED, BACKED UP, SECURE, OR FREE FROM BREACH OR INTERCEPTION OF DATA OR YOUR CONFIDENTIALITY INFORMATION; THAT ANY DEFECTS OR ERRORS WILL BE CORRECTED; OR THAT THE SERVICE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. ANY CONTENT DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE SERVICE IS DOWNLOADED AT YOUR OWN RISK. NEITHER US NOR ANY AFFILIATED ENTITY WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT, SERVICE, LINK OR ADVERTISEMENT OFFERED BY ANY THIRD PARTY THROUGH THE SERVICE OR ANY LINKED WEBSITE OR SERVICE, AND NEITHER US NOR ANY AFFILIATED ENTITY WILL BE A PARTY TO OR IN ANY WAY MONITOR ANY TRANSACTION BETWEEN YOU AND ANY SUCH THIRD PARTY.

9. LIMITATION OF LIABILITY
IN NO EVENT WILL ANY AFFILIATED ENTITY, INCLUDING US, OR ANY OF THEIR EMPLOYEES, LICENSORS, CONSULTANTS, CONTRACTORS, OR DIRECTORS, BE LIABLE FOR COSTS OF PROCUREMENT OF SUBSTITUTE GOODS, LOSS OF REVENUES, LOSS OF PROFITS, LOSS OF DATA, ERRORS, OMISSIONS, MISCALCULATIONS, MISREPRESENTATIONS OF VALUE, OR FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY, OR OTHER DAMAGES. THIS LIMITATION OF LIABILITY APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER BASIS, EVEN IF ANY AFFILIATED ENTITY, INCLUDING US, HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. THIS LIMITATION ON LIABILITY DOES NOT APPLY TO PERSONAL INJURY. OUR LIABILITY TO YOU FOR USE OF AND/OR ACCESSING THE SERVICES OR WEBSITES SHALL IN NO EVENT EXCEED THE GREATER OF THE FEES, IF ANY, YOU HAVE PAID FOR THE SERVICES OR TEN(10)DOLLARS. THEREFORE GOING LIMITATION OF LIABILITY WILL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.

10. Indemnification
You will indemnify, defend and hold us, including any Affiliated Entity, harmless from and against any and all Claims to the extent arising out of or in connection with your (i) breach of these Terms; (ii) conduct involving fraud, negligence, omissions, or willful misconduct; and (iii) misuse of the Content or any other misuse of the Service.

11. Third Parties
We may, in our sole discretion, (a) delegate or subcontract the performance of any portion of the Service to third party service providers, and (b) make available one or more Third Party Products to you in connection with the Service. Third-Party Products may be separately licensed to you by their respective providers. If you access a Third-Party Product from the Service, you do so at your own risk, and the User understands that these Terms and the Privacy Notice do not apply to your use of such sites. You expressly relieve us from any and all liability arising from your use of any Third-Party Product, and we make no representations or warranties of any kind in respect thereof. PLEASE ALSO VISIT THIRD PARTY WEBSITES TO REVIEW THEIR TERMS OF USE. ADDITIONALLY, THERE MAY BE LINKS TO THIRD PARTY SITES WHICH ARE NOT UNDER OUR CONTROL AND WE ARE NOT RESPONSIBLE FOR THE CONTENTS OF ANY LINKED SITE.

12. Confidentiality
Recipient may use Disclosing Party's Confidential Information solely to perform Recipient's obligations or exercise its rights hereunder. Recipient will not knowingly disclose, or permit to be disclosed, Disclosing Party's Confidential Information to any third party without Disclosing Party's prior written consent, except that Recipient may disclose Disclosing Party's Confidential Information solely to Recipient's employees and/or subcontractors who have a need to know and who are bound in writing to keep such information confidential pursuant to confidentiality agreements containing nondisclosure obligations substantially similar to those in these Terms. Recipient agrees to exercise due care in protecting Disclosing Party's Confidential Information from unauthorized use and disclosure, and in any case will not use less than industry standard security measures and the degree of care a reasonable person would use. The foregoing will not apply to any information that: (i) is in the public domain through no fault of Recipient; (ii) was properly known to Recipient, without restriction, prior to disclosure by Disclosing Party; (iii) was properly disclosed to Recipient, without restriction, by another person with the legal authority to do so; (iv) Recipient independently develops without use of Disclosing Party's Confidential Information; (v) is expressly permitted to be disclosed pursuant to the terms of these Terms; or (vi) is required to be disclosed pursuant to a judicial or legislative order or proceeding; provided that, where possible, Recipient provides to Disclosing Party prior notice of the intended disclosure and an opportunity to respond or object thereto. Our Confidential Information includes these Terms, our pricing, our Intellectual Property Rights, and the Service. Notwithstanding the foregoing, our obligations under this section are subject to the disclaimers set forth in Section 8 above.

Our obligations with respect to your Confidential Information under these Terms are subject to the Privacy Notice. Please review our Privacy Notice.

13. Termination
These Terms will continue in full effect unless and until your Account or these Terms is terminated as described herein. We may terminate these Terms for convenience upon notice. Upon termination of the Agreement, the rights and licenses granted to you hereunder will immediately terminate. Upon termination of these Terms, you grant to us a non-exclusive, non-sublicenseable, non-transferable, irrevocable, and perpetual license to use the data and information collected by the Service under your Account during the term of these Terms, and to use such data and information in accordance with the Privacy Notice.

14. Third Party Beneficiary
You expressly acknowledge and agree that we have the right (and will be deemed to have accepted the right) to enforce these Terms against you as a third-party beneficiary thereof, and that we will have the full benefits of these Terms. These Terms do not and are not intended to confer any rights or remedies upon any person other than the parties and as otherwise expressly stated herein.

15. Assignment
These Terms, and any rights and licenses granted hereunder, may not be transferred or assigned by

you without our prior written consent, but may be assigned by us without restriction. Any attempted transfer or assignment in violation hereof will be nil and void.

16. General

A. Nature of Relationship
The relationship of the parties under these Terms will be that of independent contractors. Neither these Terms as a whole or any part of these Terms will render either party the agent, representative, servant, or employee of the other party. Neither party has the power, express or implied, to bind the other party in any manner or to make representations on behalf of the other party regarding any matter. Except as stated in the Agreement, we will in no way be restricted from using or commercializing all or any portion of the Service or performing or receiving any services from any third-party including services the same as or similar to the Service provided or received in connection with these Terms.

B. MODIFICATION
We may modify any of these terms and conditions at any time, in our sole discretion, by posting the updated Terms. The changes will become effective no sooner than 30 days after posting, please check the Terms from time to time for updates. YOUR CONTINUED USE OF AND/ACCESS OF THE SERVICES OR THE WEBSITES FOLLOWING A CHANGE WILL CONSTITUTE YOUR ACCEPTANACE OF THE CHANGE.

C. AGREEMENT TO ARBITRATE DISPUTES
PLEASE READ THIS SECTION CAREFULLY - IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS. ARBITRATION IS A WAIVER OF THE RIGHT TO BRING SUIT IN COURT.

THIS SECTION CONTAINS PROCEDURES FOR MANDATORY BINDING ARBITRATION AND A CLASS ACTION WAIVER. IF YOU ARE A U.S. RESIDENT, YOU ALSO AGREE TO THE FOLLOWING MANDATORY ARBITRATION PROVISIONS:

WE BOTH AGREE TO ARBITRATE:

You and all Affiliated Entities agree to resolve any claims relating to these Terms through final and binding arbitration, except that, to the extent you have in any manner violated or threatened to violate our intellectual property rights (for example, trademark, trade secret, copyright, or patent rights). Under such circumstances, any Affiliated Entities may bring a lawsuit solely for injunctive relief to stop unauthorized use or abuse of the Site, or intellectual property infringement (for example, trademark, trade secret, copyright, or patent rights) without first engaging in arbitration or the informal dispute resolution process described above.

WHAT IS ARBITRATION: Arbitration is more informal than a lawsuit in court and seeks to resolve disputes more quickly. Instead of a judge or a jury, the case will be decided by a neutral arbitrator who has the power to award the same damages and relief that a court can. Thus, you agree that you are waiving your right to sue or go to court to secure relief, and instead agree to the arbitration process as stated in this provision. If any provision of this arbitration agreement is found unenforceable, the unenforceable provision shall be severed, and the remaining arbitration terms shall be enforced.

ARBITRATION PROCEDURES: The Federal Arbitration Act governs the interpretation and enforcement of this dispute resolution provision. Arbitration shall be initiated through JAMS. Any dispute, controversy, or claim arising out of or relating to these Terms shall be referred to and finally determined by arbitration in accordance with the JAMS Streamlined Arbitration Rules and Procedures.If there is a conflict between JAMS Rules and the rules set forth in this Agreement to Arbitrate, the rules set forth in this Agreement to Arbitrate will govern. The JAMS Rules and instructions for how to initiate an arbitration are available from JAMS at http://www.jamsadr.com or 1-800-352-5267. To initiate arbitration, you or we must do the following things:

• (1) Write a demand for Arbitration. The demand must include a description of the Claim and the amount of damages sought to be recovered. You can find a copy of a Demand for Arbitration at www.jamsadr.com.

• (2) Send three copies of the Demand for Arbitration, plus the appropriate filing fee to your local JAMS office.

• (3) Send one copy of the Demand for Arbitration to the other party.

Payment of all filing, administration and arbitrator fees will be governed by the JAMS Rules, except that for claims of less than $1,000, you will be obligated to pay $25 and we will pay all other administrative costs and fees. In addition, for claims of less than $1,000, we will reimburse you for the $25 fee if the arbitrator rules in your favor. Arbitration under this agreement shall be held in the United States county where you live or work, New Jersey, or any other location we mutually agree to, subject to New Jersey law. The arbitration may award on an individual basis the same damages and relief as a court (including injunctive relief). Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction.

AUTHORITY OF ARBITRATOR: The arbitrator will decide the rights and liabilities, if any, of you and us, and the dispute will not be consolidated with any other matters or joined with any other cases or parties. The arbitrator shall have the authority to grant motions dispositive of all or part of any claim. The arbitrator shall have the authority to award monetary damages and to grant any non-monetary remedy or relief available to an individual under applicable law, the Arbitration Rules, and the Terms. The arbitrator shall issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The arbitrator has the same authority to award relief on an individual basis that a judge in a court of law would have. The award of the arbitrator is final and binding upon you and us. The arbitrator's decision may be entered as a judgment in a court of competent jurisdiction.

NO CLASS ACTIONS: You may only resolve disputes with us on an individual basis and may not bring a claim as a plaintiff or a class member in a class, consolidated, or representative action. Class arbitrations, class actions, private attorney general actions, and consolidation with other arbitrations are not allowed.

WAIVER OF JURY TRIAL: THE PARTIES HEREBY WAIVE THEIR CONSTITUTIONAL AND STATUTORY RIGHTS TO GO TO COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY, instead electing that all claims and disputes shall be resolved by arbitration. Arbitration procedures are typically more limited, more efficient and less costly than rules applicable in court and are subject to very limited review by a court. In the event any litigation should arise between you and the Affiliated Entities in any state or federal court in a suit to vacate or enforce an arbitration award or otherwise, BOTH PARTIES HEREBY WAIVE ALL RIGHTS TO A JURY TRIAL, instead electing that the dispute be resolved by a judge. YOU ACKNOWLEDGE THAT YOU HAVE BEEN ADVISED THAT YOU MAY CONSULT WITH AN ATTORNEY IN DECIDING TO ACCEPT THIS AGREEMENT TO ARBITRATE.

 OPT-OUT OF AGREEMENT TO ARBITRATE: You can decline this agreement to arbitrate by emailing us at [email protected] and providing the requested information as follows: (1)Your Name; (2) the URL of Terms of Use and Agreement to Arbitrate Disputes; (3) Your Address; (4) Your Phone Number; (5) and clear statement that you wish to opt out of this arbitration provision in the Terms of Use. The Opt-Out Notice must be emailed no later than 30 days after the date you first accept the Terms of Use by using the website.

Choice of Law/Forum Selection In any circumstances where the Agreement to Arbitrate Disputes permits the parties to litigate in court, these Terms shall be governed by and construed in accordance with the laws of the State of New Jersey, excluding its conflict of law rules. You further expressly consent and agree to submit to the exclusive jurisdiction and venue of a court of competent jurisdiction in the United States District Court for the District of New Jersey or in state court in Morris County, New Jersey.

D. Notices

All notices and other communications to be given to any party hereunder will be sufficient for all purposes hereunder if in writing, properly addressed as set forth below in this section and delivered (a) by hand or courier (delivery of notice deemed to occur upon delivery), (b) if sent electronically on the date delivered to the authorized email address, (c) by overnight delivery service (delivery of notice deemed to occur upon delivery and written confirmation thereof by such service), (d) by certified or registered mail, return receipt requested, with appropriate postage prepaid (delivery of notice deemed to occur upon signature of the receipt by the recipient), or (e) if from us to you, posted to your Account on the date posted. If to us, notices may be sent to [email protected]. If to you, your email and mailing address as identified in our records.

E. Headings; Interpretation
Section headings used in these Terms are used for convenience only and are not to be considered in construing or interpreting these Terms. As used herein, "including" means "including without limitation."

F. Severability
The provisions of the Terms are intended to be interpreted in a manner which makes them valid, legal, and enforceable. In the event any provision of the Terms is found to be partially or wholly invalid, illegal or unenforceable, such provision shall be modified or restricted to the extent and in the manner necessary to render it valid, legal, and enforceable. It is expressly understood and agreed between the parties that such modification or restriction may be accomplished unilaterally by us, or alternatively, by disposition of an arbitrator or a court of law. If such provision cannot under any circumstances be so modified or restricted, it shall be excised from the Terms without affecting the validity, legality or enforceability of any of the remaining provisions.

G. Waiver
A waiver of any provision of these Terms must be made in writing to be effective, and our waiver of a

breach of any provision or right contained in these Terms will not constitute a continuing waiver or waive any subsequent breach or right.

H. Force Majeure
Except with respect to your payment obligations, neither party will be liable for failures or delays in the performance of its obligations hereunder due to causes beyond its reasonable control, including, in respect of the provision of the Service, failures or delays caused by our service providers, any act of God, sabotage or terrorist attacks, inclement weather, accidental damage, vandalism, failure or shortage or power supplies, flood, drought, lightning or fire, strike, lock-out, trade dispute or labor disturbance, or any act or omission of government or other competent authorities, including those related to communicable diseases, epidemics, pandemics or other dangers to public health.

I. Entire Agreement
These Terms, and documents incorporated herein, comprises the entire agreement between us and

you and supersedes all prior or contemporaneous negotiations, discussions, or agreements, whether written or oral, between the parties regarding its subject matter.

J. Survival
Sections 1, 2(E), 2(F), 2(G), 2(I), 3(B), 4-17 will survive any termination or expiration of these Terms.

Definitions.

"Account" means the account provided by us that you to manage and access the Service."Affiliated Entities" means, collectively, us, and our parent, subsidiaries, affiliates, and, where applicable, our and their service providers and licensors.


• "Agent" means a real estate-broker, salesperson, agent, associate broker, or similar state licensed real-estate professional licensed with one of our franchisees."App" means a mobile application that may be provided as part of the Service."Applicable Law" means any statute, law, ordinance, rule, regulation, or requirement of a governmental entity that applies to a party or its business.


• "Claim" means, collectively, claims, costs, damages, losses, liabilities, Fines, and expenses (including reasonable attorneys' fees and costs).


• "Communications" means parts of the Service that includes electronic communications services, and document storage and management services, all as provided by us (or, at your selection, by a third party through a Third-Party Product) for your use.


• "Confidential Information" means any information that (i) a party ("Disclosing Party") discloses to the other party ("Recipient"), either directly or indirectly, in writing or orally or by inspection of tangible objects, and (ii) identified as confidential at the time of its disclosure or that should reasonably be understood to be confidential in nature.


• "Content" means any content, data or information provided by a party for inclusion in the Service or uploaded to, transmitted or submitted by a party through the Service, including Communications.


• "Documentation" means the technical and operational documentation made available to you by us regarding any portion of the Service."Feedback" means ideas, suggestions, or recommendations on the Service provided by you."Fine" means any and all fines, penalties, refunds, charges, debits, deductions, legal fees and costs incurred by or other sums payable to any party.


• "Intellectual Property Rights" means all patent rights, copyright rights, mask work rights, moral rights, rights of publicity, rights of privacy, trademark, trade dress and service mark rights, goodwill, trade secret rights, and other intellectual property rights as may now exist or hereafter come into existence, and all applications therefore and registrations, renewals and extensions thereof, under the laws of any state, country, territory, or other jurisdiction.


• "Marks" means an Affiliated Entity's proprietary trademarks, trade names, and service marks, including registrations and applications for registrations thereof and all renewals, modifications and extensions thereof."MLS Feed" means a local listing service ("MLS") feed(s) provided through the Service."Privacy Notice" means the Privacy Notice for a Website or App and other portions of the Service, as provided and modified by us from time to time in our discretion.

• "PSP" means a third-party payment service provider selected by us.

• "Service" means our hosted service (including Websites and Apps), software, Documentation, and any services made available to you by us hereunder, all as may be modified by us from time to time in our discretion.


• "Third Party Products" means the third-party applications and/or services, if any, which may be offered, made available or integrated by us to you for use as part of, or in connection with the Service.

"User" means users of the Service.

"We," "our," and "us" means Coldwell Banker Real Estate LLC.

"Website" means a website that may be provided by us as part of the Service.

"You" and "your" means the individual entering into these Terms with us.

PRIVACY POLICY

Is It Better to Buy or Rent a Home in Tempe, AZ Right Now?

Is It Better to Buy or Rent a Home in Tempe, AZ Right Now?

October 16, 2026•22 min read

If you are thinking about moving to Tempe, Arizona, you have probably asked yourself the same question a lot of people are asking right now. Does it make more sense to buy a home, or would you be better off renting for a while?

It is a fair question, especially when you start looking at home prices, monthly mortgage payments, and the cost of living in the Phoenix area. Buying a home can give you more control over where you live and help you build equity over time, but it also comes with expenses and responsibilities that you do not have as a renter. Renting, on the other hand, gives you more flexibility and can make it easier to keep your monthly housing costs manageable while you figure out your next move.

And in Tempe, the answer is not quite as simple as comparing rent with a mortgage payment.

You have neighborhoods with very different home prices, a mix of older houses and newer developments, condos and townhomes, and a rental market that can look completely different depending on the type of property you want. Your commute, your plans for the next few years, and even how much time you want to spend maintaining a home can all affect which option makes more sense.

So, if you are trying to decide whether to buy or rent in Tempe right now, let's look at what the decision actually means for your money and your day-to-day life.


What Is Happening in the Tempe Housing Market Right Now?

Before deciding whether to buy or rent, it helps to understand what homes and rentals are actually costing in Tempe.

As of September 2026, Zillow's home value data put the typical Tempe home value at approximately $458,500, with values down about 0.5% compared with the previous year. Its rental market data also shows that asking rents vary considerably by property type, size, and location. Realtor.com reported a median rental price of around $1,700 in Tempe using data through August 2026, while its median listing price was approximately $475,000. These figures come from different measurements, so they should be treated as a starting point rather than a direct comparison between buying and renting. (Source: Zillow's Tempe housing market data and Realtor.com's Tempe market report.)

What does that mean if you are looking for a home today?

For one thing, buying a property in Tempe is still a significant financial commitment. Even if you find a home close to the city's typical value, your monthly payment will depend on your down payment, mortgage rate, property taxes, insurance, and any homeowners association fees.

Renting may look more affordable at first, particularly if you are comparing an apartment or smaller rental with a single-family home. However, the comparison changes when you start looking at larger rentals, properties with yards, or homes in neighborhoods where you would ideally like to settle down for several years.

I would not make a decision based on citywide averages alone. A condo near downtown Tempe and a three-bedroom home in South Tempe are two very different housing options, and the costs associated with them can be just as different.

The better approach is to compare the actual homes you would consider buying with similar properties you could rent in the same general area.


Buying a Home in Tempe: What Are the Advantages?

There is a reason so many people want to own a home, even when renting might cost less in the short term. Owning gives you a place that is yours, more control over your living space, and an opportunity to build equity as you pay down your mortgage.

But the benefits are more meaningful when they fit your personal situation.

You Can Build Equity Over Time

When you rent, your monthly payments cover the cost of living in someone else's property. When you own a home with a mortgage, part of each principal-and-interest payment generally goes toward reducing your loan balance.

That can help you build equity over time, although the amount you build depends on your loan terms, how much you put down, and how long you keep the property.

You may also benefit if the home's market value increases while you own it. However, home prices can rise or fall, and there is no guarantee that your property will be worth more when you decide to sell.

This is why I would be careful about buying a home simply because you expect prices to go up. A purchase should make sense for your finances and your plans, even if appreciation is slower than you hoped.

If you are planning to stay in Tempe for several years, have a steady income, and can comfortably manage the costs of ownership, buying may give you a reasonable opportunity to build long-term wealth while having a place to call home.

You Have More Control Over Your Living Space

One of the biggest differences between renting and owning becomes obvious after you have lived somewhere for a while.

Maybe you want to paint the walls, update the kitchen, replace old flooring, create a home office, or make the backyard more comfortable for your family. When you own the property, you generally have more freedom to make those changes, subject to applicable laws, permits, and any HOA restrictions.

That freedom can make a real difference if you are tired of working around a landlord's rules or moving every time your lease ends.

Tempe has a variety of homes with different layouts and outdoor spaces, so you may be able to find something that fits the way you actually live rather than choosing a rental based on what is available at the moment.

Of course, owning does not mean every renovation is a good investment. You still need to consider the cost, the condition of the home, and whether the changes are worth making for your own enjoyment.

You Can Put Down Roots in a Neighborhood

Some people enjoy moving around and trying different places. Others reach a point where they want to stay in one neighborhood, get to know their neighbors, and stop thinking about where they will live next year.

If you fall into the second group, buying can be appealing.

You might want to live near your workplace, stay close to friends, or find a location that makes everyday errands easier. Perhaps you want to spend your weekends exploring local restaurants, visiting parks, or getting outside without driving across the Valley.

Tempe has plenty of ways to enjoy your time outdoors, and where you live can make it easier to fit those activities into your routine. If you enjoy walking trails, spending time in green spaces, or getting outside on the weekends, choosing a neighborhood close to your favorite outdoor spots can make everyday life in Tempe even more enjoyable.

The point is to find a home that supports the life you want to live, not just a property that looks good in listing photos.


What Could Make Buying in Tempe Difficult?

Buying can be a great move, but you should go into it with a clear understanding of the financial commitment.

A mortgage payment is only one part of the picture, and this is where some buyers get into trouble. They qualify for a certain loan amount, see a home they love, and assume that if the lender approves the purchase, they can comfortably afford it.

Those are two different things.

Your Monthly Housing Costs May Be Higher Than Expected

Let's say you are looking at a home priced around $450,000. With a 20% down payment, you would put down $90,000 and finance the remaining $360,000.

For illustration, if you financed that amount with a 30-year fixed-rate mortgage at 6.5%, your principal-and-interest payment would be approximately $2,275 per month. That is an example, not a current mortgage quote, and your actual rate will depend on your lender, credit profile, loan terms, and market conditions.

You would still need to budget for property taxes, homeowners insurance, maintenance, and any HOA fees. If you put down less than 20%, you may also have private mortgage insurance, depending on your loan.

Once you add those expenses, the monthly cost can be considerably higher than the mortgage payment you first calculated.

That does not mean buying is a bad idea. It means you should know what you are committing to before making an offer.

Repairs and Maintenance Become Your Responsibility

When something breaks in a rental, you generally contact the landlord or property manager and follow the terms of your lease.

When you own the home, the responsibility usually falls on you.

In Arizona, that can mean paying attention to air conditioning performance, plumbing, roof condition, exterior paint, and other parts of the property that take a beating over time. A major air conditioning repair during a hot summer can be an expensive surprise, especially if you have not set money aside for it.

Older homes can be particularly appealing because they may offer established neighborhoods, mature landscaping, and layouts you cannot easily find in newer construction. But an older property deserves a careful inspection, and you should understand which repairs may be coming soon.

I would rather see a buyer choose a slightly less expensive home and keep a healthy emergency fund than stretch the budget to purchase a property that leaves no room for unexpected expenses.

You Need Money Beyond the Down Payment

The down payment is often the largest upfront expense, but it is not the only one.

Buyers also need to account for closing costs, inspections, appraisal expenses where applicable, moving costs, and the basic items needed to get settled. Depending on the property, you may also want to make repairs or replace appliances shortly after moving in.

Then there is the money you should keep available after closing.

You do not want to spend every dollar you have just to get the keys. Having savings left over can make the transition into homeownership much less stressful, particularly if you face an unexpected repair or a change in income.

If purchasing a home would leave you financially stretched, renting a little longer while you save may be the more comfortable decision.


Renting a Home in Tempe: Why It Might Make More Sense

Renting is sometimes treated as the option people choose when they cannot afford to buy, but that is not always the case.

For some households, renting is a deliberate choice that makes their finances and daily routines easier to manage. It can be especially useful when you are new to Tempe, uncertain about your long-term plans, or not ready to take on the responsibilities of owning a property.

You Have More Flexibility

Think about where you expect to be in two or three years.

Are you starting a new job? Could your employer relocate you? Are you considering a move closer to family? Do you want to see how you like living in Tempe before committing to one neighborhood?

If any of those situations sound familiar, renting gives you room to adjust.

You can usually plan around the end of your lease rather than having to sell a property if your circumstances change. You still need to follow your rental agreement, and breaking a lease early can be expensive, but you generally have fewer long-term financial ties to the property.

This flexibility can be especially valuable if you have just moved to the Phoenix area and have not yet figured out which part of Tempe suits you best.

You may think you want to live close to downtown, only to discover that you prefer a quieter neighborhood with more space. Renting can give you time to learn the area before making a larger financial commitment.

You May Have Lower Upfront Costs

Buying a home can require a substantial amount of cash before you even move in. Renting generally requires less upfront money, although you should still budget for a security deposit, the first month's rent, possible application fees, and moving expenses.

That difference matters if you are trying to build savings, pay down debt, or keep money available for other goals.

You could use the time you spend renting to improve your credit, build a stronger emergency fund, or save for a larger down payment. Those steps may put you in a better position when you eventually decide to buy.

Just be intentional about it. If your plan is to rent for another year, think about what you want that year to accomplish financially rather than letting the decision drift indefinitely.

You Have Fewer Maintenance Responsibilities

Most renters do not have to pay directly for major repairs to the building's systems or structure, although responsibility depends on the lease and applicable law.

That can make budgeting easier because you are not responsible for every unexpected repair that comes up.

You still need to report maintenance problems promptly and take care of the property according to your lease, but you generally do not have to find a contractor and pay thousands of dollars when a major system fails.

This is one of the strongest reasons to rent if you prefer predictable responsibilities or do not have enough savings to handle a major repair comfortably.

There is also a lifestyle benefit. If you would rather spend your weekends enjoying Tempe than working on a house, renting may suit you better for now.


What Are the Downsides of Renting?

Renting has real advantages, but it comes with tradeoffs that are worth considering before you sign another lease.

The biggest one is that you do not control the property in the same way an owner does. Your landlord may restrict renovations, pets, or other changes, and your housing costs may increase when your lease comes up for renewal.

You also have less certainty about how long you can stay. If the owner decides to sell the property or change how it is used, your options may be limited by your lease and the protections available under Arizona law.

There is also the question of what happens to your money over time.

Rent pays for housing, convenience, and flexibility, but it does not reduce a mortgage balance on a home you own. If you rent for many years, you will not build ownership equity in that property.

That does not automatically make renting a financial mistake. You may be saving and investing the money you would otherwise spend on a down payment, maintenance, and ownership costs. What matters is how your overall finances develop, not just whether you own a house.

If your current rental no longer meets your family's needs, it may be time to explore other options before signing another lease. The same goes for homeowners who are paying for space they rarely use or dealing with expenses that no longer make sense for their situation. Taking a closer look at the cost of staying in your current home can help you decide whether moving, downsizing, or finding a better-fitting property would be the smarter choice.

Sometimes the right move is to buy. Sometimes it is to find a rental that fits better. You do not have to make the same choice as everyone else.


Buy vs. Rent in Tempe: A Simple Cost Comparison

The best way to compare your options is to look beyond the advertised rent and mortgage payment.

Here is an example of what to include when you are weighing a home purchase against a rental.

Expense

Buying a home

Renting a home

Initial cash

Down payment, closing costs, inspections, moving expenses

Deposit, first month's rent, moving expenses

Monthly housing payment

Mortgage principal and interest, taxes, insurance, HOA fees if applicable

Monthly rent, utilities, and any fees required by the lease

Repairs

Generally your responsibility

Usually handled by the landlord when covered by the lease and law

Long-term equity

May build through loan repayment and changes in home value

No ownership equity in the rental

Flexibility

Selling can take time and cost money

Moving is generally easier when the lease ends

Monthly cost changes

Taxes, insurance, HOA fees, and maintenance can change

Rent may change at renewal, subject to the lease and applicable law

Personal control

Greater control, subject to laws and property restrictions

Changes and improvements generally require permission

Now, imagine you find a rental that costs $1,900 per month and a home you could buy for $450,000.

At first glance, renting may seem like the obvious winner because the example mortgage payment alone is already around $2,275 per month with the financing assumptions discussed earlier. The difference becomes larger once you add property taxes, insurance, and maintenance.

But there are other details to consider.

How much would you pay for a similar rental with the same number of bedrooms and comparable outdoor space? How long would you stay in the home? Would you have a down payment ready without draining your savings? And what would you do with the money you did not spend on buying?

You also need to compare similar properties. A $1,900 apartment is not a fair comparison with a detached home that has three bedrooms, a private yard, and a garage.

The goal is not to prove that buying is always better over time. It is to work out which option gives you the best combination of affordability, stability, and flexibility for your situation.


How Long Should You Plan to Stay in Tempe?

Your timeline is one of the most useful ways to narrow down the decision.

If you expect to stay in Tempe for only a year or two, renting often deserves serious consideration. Buying and selling a home can involve closing costs, moving expenses, and other transaction costs that are difficult to recover over a short period.

If you plan to stay for five years or longer, buying may become more attractive, particularly if you can afford the home comfortably and find a property that suits your needs. However, five years is not a magic number. The right timeline depends on purchase costs, future selling costs, home values, mortgage terms, and what you would pay to rent a comparable property.

Think about your career, too. If your job is tied to another part of the Valley, make sure you are comfortable with the commute before choosing a home.

A neighborhood that seems perfect on a Saturday afternoon might feel very different when you are driving to work every morning. Spend time in the area at different times of day, check your typical routes, and see how close you would be to the places you visit most often.

Your home should fit your routine today without making your plans for tomorrow unnecessarily difficult.


Which Tempe Neighborhood Fits Your Budget and Lifestyle?

Tempe is not one uniform housing market. Different parts of the city offer different types of properties, price ranges, and everyday experiences.

If you want to be close to Arizona State University, downtown restaurants, and local events, you might focus on apartments, condos, or smaller homes in areas with convenient access to those destinations. Renting can be a practical way to enjoy that location without committing to a purchase before you know the area well.

If you want more space, a garage, or a backyard, you may find yourself looking at single-family homes in other parts of Tempe. Buying could be worth considering if you plan to stay for several years and can handle the full cost of ownership.

South Tempe may appeal to people looking for established residential neighborhoods and a more suburban feel, while areas closer to the university and downtown may offer a different pace and easier access to certain destinations.

Neither is automatically better. It depends on what you want your everyday life to look like.

Before deciding, think about whether you would rather have a shorter commute, more space, a quieter street, or easier access to restaurants and entertainment. You may need to make a few tradeoffs, but understanding your priorities can help you avoid paying for features you do not really need.

If you are still deciding whether Tempe is the right place for you, think about how the city’s lifestyle, commute, neighborhoods, and everyday costs fit your needs. Looking beyond home prices can help you get a better feel for what living here would actually be like and whether it makes sense for your long-term plans.

And if you are considering a smaller property because you want less maintenance or a simpler lifestyle, it is worth comparing the costs and ownership responsibilities of condos and townhomes before making a decision.


Should You Buy a Condo or Townhouse Instead?

If a single-family home feels too expensive, you do not necessarily have to choose between buying a detached house and renting an apartment.

A condo or townhouse may offer a middle ground, depending on the location, property condition, and association fees.

These homes can provide more space than some apartments while requiring less exterior maintenance than a detached property. However, the details matter. Condo and townhouse ownership can involve HOA fees, rules about renovations, shared maintenance responsibilities, and special assessments if the association needs money for major repairs.

Those expenses should be part of your budget from the beginning.

For example, a condo with a lower purchase price may have a higher monthly association fee than you expected. A townhouse may offer a garage and extra living space, but the association could have restrictions that affect how you use the property.

Before purchasing, review the association documents, budget, reserve funding, insurance arrangements, and any known or proposed special assessments. Ask questions about what the HOA fee covers rather than assuming all exterior maintenance or repairs are included.

If you are downsizing or looking for a home that requires less upkeep, a condo or townhouse could be worth considering. Each option comes with different costs, maintenance responsibilities, and levels of privacy, so take the time to compare them and decide which one best fits your budget and the way you want to live.

For some buyers, a condo or townhouse makes homeownership more accessible. For others, the monthly fees and restrictions make renting the better fit. The numbers need to work for the specific property you are considering.


A Few Questions to Ask Before You Decide

Before choosing between buying and renting, take a little time to look at your finances and your plans honestly.

Start with your monthly budget. After paying for housing, groceries, transportation, insurance, and other regular expenses, would you still have enough money to save and enjoy your life? If buying leaves you worrying about every unexpected bill, it may be worth waiting.

Next, consider your savings. You need to think about the down payment and closing costs, but you also need a financial cushion for repairs, emergencies, and changes in income.

Then look at your timeline. If you are likely to move for work or personal reasons soon, renting may give you more room to adjust. If you are ready to settle into Tempe for several years, buying may deserve a closer look.

Finally, compare actual properties. Look at homes you could realistically buy and rentals you would genuinely be happy living in. Use current listings, realistic mortgage estimates, insurance quotes, property tax information, and HOA fees where applicable.

You may discover that renting is substantially cheaper for the type of home you want. Or you may find that a particular property offers a manageable path to ownership and fits your long-term plans.

Either way, you will be making the decision with a clearer understanding of the costs.


So, Is It Better to Buy or Rent a Home in Tempe Right Now?

My answer is that buying can be a good move if you are financially prepared, expect to stay in Tempe for several years, and find a home that fits your budget without putting pressure on the rest of your finances.

You do not need to buy simply because you are tired of renting. You also do not need to keep renting just because mortgage payments look intimidating at first.

If you have stable income, enough savings for the purchase, and room in your budget for maintenance and unexpected expenses, buying may give you the stability and control you want. You can choose a neighborhood, make the home your own, and work toward building equity over time.

If your plans are still changing, your savings need more time to grow, or you would rather avoid the responsibilities of homeownership right now, renting can be a sensible choice. It gives you time to learn Tempe, compare neighborhoods, and prepare for a purchase when the timing feels right.

The current market matters, but your personal circumstances matter just as much. A small change in home prices or rental rates is not necessarily a reason to rush into a decision that will affect your finances for years.

Instead, focus on finding a housing option you can comfortably afford and a location where you can see yourself enjoying everyday life.


Final Thoughts

If you are trying to decide whether to buy or rent a home in Tempe, take a step back and think about what you need from your next home.

Maybe you want a backyard where your kids can play, a shorter commute, or a place where you can finally settle in and stop worrying about lease renewals. Maybe you are new to the area and would rather spend another year exploring different neighborhoods before committing to a purchase.

Buy or rent a home in Tempe AZTempe AZ housing market 2026Cost of buying a home in Tempe AZRenting vs buying in Tempe AZTempe AZ home prices
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Nancy Wittenberg

Nancy Wittenberg is a trusted REALTOR® serving Chandler, Gilbert, and the East Valley of Arizona. She helps buyers and sellers navigate the local housing market with clear guidance, honest advice, and strong advocacy. Her signature Buyer Care Plan™ walks clients step by step from the first consultation through closing and beyond, helping buyers feel confident and informed at every stage. For homeowners preparing to sell, Nancy acts as a Strategic Market Guide, helping sellers manage pricing strategy, buyer psychology, and negotiations that determine how a home sale actually unfolds. Nancy holds designations including GRI, ABR®, and SRS, reflecting her commitment to professional excellence and client advocacy in the East Valley real estate market. If you're thinking about buying or selling a home in Chandler, Gilbert, or the East Valley, reach out to Nancy for a conversation, not a pitch.

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