Texas License Law
A new TREC rule requires that buyer's representation agreements used by Texas licensees must include a written disclosure of the compensation the buyer's agent will receive. This requirement stems from:
AThe Texas Property Code consumer protection provisions
BNAR's settlement agreement changes and updated TREC/industry requirements for compensation transparency✓ Correct
CA TCEQ regulatory update
DThe Texas Fair Housing Act
Explanation
Following the NAR settlement (effective August 2024), buyer's agents are required to have written agreements with buyers prior to showing properties, specifying the compensation the agent will receive. This promotes transparency in buyer agency compensation.
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