Agency
In Texas, the 'Information About Brokerage Services' (IABS) notice informs consumers about which types of agency relationships?
AOnly seller's representation
BAll brokerage service options: buyer's agent, seller's agent, intermediary, and subagent✓ Correct
COnly intermediary relationships
DOnly buyer's representation
Explanation
TREC's IABS notice explains to consumers that they may choose among different types of real estate representation: a buyer's agent (representing the buyer), a seller's agent (representing the seller), an intermediary (representing both with consent), or working as a customer without representation. It helps consumers understand their options.
Related Texas Agency Questions
- When a Texas broker team operates within a brokerage, team members must make clear that they are part of the team and:
- A Texas buyer's agent is showing property to a client when the client reveals they can pay up to $50,000 more than their offer price. This information is:
- A Texas listing agent who learns their seller-client intends to not disclose a known foundation problem is obligated to:
- Under TREC rules, a Texas broker is required to keep copies of all signed listing agreements for at least:
- In Texas, an 'intermediary' broker is one who:
- A Texas buyer's representation agreement is BEST described as:
- 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:
- An agent who volunteers information about a buyer's motivation and budget to the seller without the buyer's consent has violated the duty of:
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