Agency
In Texas, the Information About Brokerage Services (IABS) notice must be provided:
AOnly at closing
BAt the first substantive communication with a prospect, before eliciting confidential information✓ Correct
COnly when a written representation agreement is signed
DOnly to buyers, not sellers
Explanation
TREC requires that the IABS notice be provided at the first substantive communication with a prospective buyer, seller, tenant, or landlord, before obtaining confidential information. It informs the consumer about brokerage service options available in Texas.
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