Agency
A Texas commercial real estate agent exclusively represents a tenant in negotiating a new office lease. This representation is called:
ASeller's agency
BTenant representation (buyer's agency in leasing context)✓ Correct
CSub-agency under the landlord's listing
DAn intermediary arrangement
Explanation
Tenant representation (also called tenant rep) is the commercial real estate equivalent of buyer's agency. The agent exclusively represents the tenant's (lessee's) interests in finding suitable space and negotiating lease terms. The tenant rep's compensation is typically paid by the landlord through the listing commission structure.
Related Texas Agency Questions
- A Texas buyer makes an offer on a home. Their buyer's agent advises them to offer 10% below asking price without substantive market analysis. The agent may be:
- A Texas broker's listing expires. The seller then sells the property themselves within the protection period specified in the expired listing. The broker may be entitled to a commission if:
- The Texas broker-buyer relationship under a buyer representation agreement requires the buyer's agent to present ALL properties that meet the buyer's criteria, including:
- In Texas, 'ostensible agency' (or apparent authority) exists when:
- A Texas buyer's agent has a fiduciary duty of loyalty to their buyer-client. This duty means the agent must:
- Under Texas law, a sponsored sales agent owes fiduciary duties to:
- An agent in Texas who represents a buyer but receives a referral fee from the seller's contractor for recommending the contractor for post-closing work must:
- A Texas buyer's agent has an obligation to disclose to their buyer client that a competing offer exists on the property they are interested in. This is an example of the duty of:
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