Information About Brokerage Services

Texas Real Estate Commission (TREC) Disclosure

As required by the Texas Real Estate Commission, the following information is provided about brokerage services in Texas. This is a summary and does not replace the full TREC Information About Brokerage Services form.

Types of Representation

In Texas, a real estate broker may represent a client as an agent. There are different types of agency relationships: • Agent for the Seller (Seller's Agent): Represents the seller in the transaction. • Agent for the Buyer (Buyer's Agent): Represents the buyer in the transaction. • Agent for Both (Intermediary): A broker may represent both parties in a transaction with their written consent.

Duties of an Agent

If the broker represents you as an agent, the broker has the following duties: • To loyalty and good faith • To use reasonable skill and care • To disclose all material facts related to the property • To maintain your confidential information • To account for all money and property received

Intermediary Relationships

When a broker represents both the buyer and seller as an intermediary, the broker must obtain written consent from both parties and treat both parties honestly. The intermediary may appoint associated licensees to provide advice and opinions to each party.

TREC Information

For the full Information About Brokerage Services form, visit the Texas Real Estate Commission website at www.trec.texas.gov or request a copy from Madeline Phillips.