Agency
Texas law requires a buyer's representation agreement to specify the:
ANames of all properties the buyer is interested in
BAmount of compensation, the termination date, and the scope of the broker's authority✓ Correct
CSeller's asking price
DLender the buyer will use
Explanation
Under TREC requirements, a buyer's representation agreement must include the compensation arrangement, the duration of the agreement, and the geographic area or scope within which the broker is authorized to act.
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