Terms of Service & Legal Disclosures

1. Acceptance of Terms

By accessing or using Alexander Atlas ("the Platform"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree, do not use the Platform. These Terms apply to all users, including free, Starter, Growth, and Pro subscribers, as well as purchasers of individual reports.

2. Nature of the Platform — Analytical Tool, Not Investment Advice

Specifically, the following terms as used on this Platform have analytical, not advisory, meanings:

• "Buy / Pursue" rating — indicates the deal's modeled economics score above a statistical threshold. It is not a recommendation to purchase the property.
• "Pass" rating — indicates the modeled economics do not support purchase at the current listed price based on the model's assumptions. It is not a conclusion that the property has no value or investment potential.
• "Suggested Basis Ceiling" — a model-generated figure representing the maximum acquisition price at which the property could pencil under the model's default assumptions. It is not an appraisal, a binding price opinion, or a negotiating instruction.
• "Due Diligence Checklist" — a list of common professional verification steps relevant to the property type and condition. These are illustrative, not exhaustive, and do not substitute for advice from a licensed real estate attorney, inspector, or broker.

Alexander Atlas is not a registered investment adviser under the Investment Advisers Act of 1940, nor under the North Carolina Investment Advisers Act (N.C.G.S. § 78C). No employee, contractor, or officer of Alexander Atlas is a licensed real estate appraiser, broker, attorney, or financial adviser.

3. Methodology — What the Atlas Score™ Measures

3.1 What it measures

The Atlas Score™ is a 100-point composite index. Each zip code is scored across twelve dimensions: cash flow, rental demand, demographic momentum, appreciation, supply constraint, economic strength, capital signal, risk profile, climate & insurability, market opportunity, safety & quality, and desirability. Safety & Quality carries no weight on the composite and investor lenses and is shown there for transparency; Desirability is used only by the Owner-Occupant lens. Raw metric values are transformed into percentile ranks against the full North Carolina + South Carolina distribution, then mapped to points within each dimension’s weight cap; the caps themselves are proprietary, and each of the five strategy lenses (Flip, Rental / Hold, BRRRR, Short-Term Rental, Owner-Occupant) re-weights them. Scores are calibrated to the North Carolina and South Carolina markets using public and licensed sources including U.S. Census Bureau ACS 5-year estimates, Census Building Permits Survey, BLS unemployment and QCEW employment data, IRS migration statistics, CFPB HMDA, FEMA hazard and flood data, HUD Fair Market Rents, and licensed real-estate transaction data. The full dimension-by-dimension description is on the Methodology page.

3.2 What it does not measure

• Individual property condition, title status, or legal encumbrances
• Hyperlocal sub-neighborhood dynamics within a zip code
• Current or future changes in zoning, permitting, or local regulation
• The buyer's personal financial situation, risk tolerance, or investment goals
• Actual appraised value — ARV is derived from address-level closed comparable sales (ATTOM / Zillow) with a similarity-weighted adjustment grid and an A–F confidence tier, falling back to zip-level medians when qualifying comps are unavailable. It is a model estimate, not an appraisal or broker price opinion.

3.3 Data freshness and lag

Census and HUD data underlying zip scores is typically 12–24 months behind the current market. In rapidly appreciating markets, displayed rent estimates and median home values may understate current conditions. Users should verify current market values with a licensed real estate professional or current MLS data before making any decision.

3.4 Model assumptions

The Atlas Report™ underwriting models use default assumptions that may not reflect your specific situation:

• Carrying costs: 8% of ARV (default; your actual hard money or financing rate may differ)
• Selling costs: 6% of ARV (agent commissions + transfer taxes)
• Vacancy + operating expense ratio: 42% of gross rent (for buy-and-hold model)
• Renovation costs: age-based $/sqft ranges calibrated to NC and SC regional labor markets. Material costs can vary ±30% due to supply chain conditions.

These assumptions are disclosed in Page 3 of every Atlas Report™ and can be adjusted using the interactive assumption panel.

4. Fair Housing Statement

5. Individual Report Orders — Special Disclosures

Individual Atlas Reports ordered on a per-property basis ($9.99 per report) are subject to the same analytical limitations described in Section 2 and Section 3. Specifically:

• Individual reports are generated algorithmically from the same data sources as platform reports and are not manually prepared by a licensed professional.
• The delivery of a paid individual report does not create an advisory relationship between Alexander Atlas and the purchaser.
• Individual reports are not appraisals, broker price opinions (BPOs), or property inspections.
• Individual reports should not be submitted to lenders, attorneys, or third parties as evidence of property value.

If a report is not delivered within the stated SLA (24–36 hours), you are entitled to a full refund. Contact support@alexanderatlas.ai to request a refund.

6. Subscriptions, Billing, and Refunds

Subscriptions are billed monthly by Stripe. You may cancel at any time via the Stripe billing portal; your access continues through the end of the current billing period. Alexander Atlas does not offer prorated refunds for partial billing periods except where required by law.

Your API key is delivered by email within minutes of successful payment. If you do not receive your key within 30 minutes, contact support@alexanderatlas.ai with your Stripe receipt. Alexander Atlas will deliver a working key within 24 hours or issue a full refund.

7. API Key Usage and Restrictions

API keys are issued to individual subscribers and may not be shared, resold, or distributed to third parties. Alexander Atlas reserves the right to revoke any key found to be in use by multiple users or used in violation of these Terms. Rate limits are enforced by plan tier:

• Starter ($29/mo): 500 property screens per month via API
• Growth ($69/mo): 1,000 property screens per month via API
• Pro ($169/mo): Unlimited screens + full Atlas Report™ PDF reports

7A. Intellectual Property — Scoring Methodology

The Atlas Score™ and Atlas Report™ scoring methodologies — including all component weights, thresholds, calibration parameters, guardrails, and model logic — are proprietary trade secrets of Alexander Atlas. Your access to scores, reports, maps, and API outputs does not grant you any license to the underlying methodology.

You agree NOT to:

• Reverse-engineer the scoring methodology, including by regression, systematic comparison, or statistical analysis of scores, component values, or report outputs;
• Scrape, crawl, or bulk-collect scores, map data, component values, or reports, whether manually or by automated means;
• Systematically acquire reports for the purpose of assembling a corpus of scoring outputs;
• Benchmark Alexander Atlas outputs to train, calibrate, or validate a competing scoring model or dataset;
• Redistribute or resell reports, scores, or data beyond your own investment evaluation (reports may be shared with your own transaction parties — agent, lender, contractor, partner — for the specific property evaluated).

Violation of this section is grounds for immediate termination of access without refund, and Alexander Atlas reserves all remedies available for trade-secret misappropriation.

8. Limitation of Liability

To the maximum extent permitted by applicable law, Alexander Atlas and its officers, employees, and contractors shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from your use of, or reliance on, any output generated by the Platform, including but not limited to investment losses, renovation cost overruns, or lost profits. Alexander Atlas's total liability to you for any claim arising from use of the Platform shall not exceed the amount you paid to Alexander Atlas in the 30 days preceding the claim.

9. No Warranties

The Platform and all data, scores, reports, and outputs are provided "as is" without warranty of any kind, express or implied, including without limitation any warranty of accuracy, completeness, fitness for a particular purpose, or non-infringement. Real estate markets are dynamic; past performance of any zip code or market is not indicative of future results.

10. Governing Law

These Terms are governed by the laws of the State of North Carolina, without regard to its conflict of law principles. Any disputes arising under these Terms shall be resolved in the state or federal courts located in Wake County, North Carolina.

11. Changes to These Terms

Alexander Atlas reserves the right to update these Terms at any time. Continued use of the Platform after notice of changes constitutes acceptance of the revised Terms. Material changes will be communicated via email to active subscribers.

Questions about these Terms? Contact legal@alexanderatlas.ai  ·  Return to Alexander Atlas