Agency
Under Texas law, a real estate agent who also holds a property management license from TREC can represent:
AOnly property owners in management arrangements
BBoth property owners in management arrangements and buyers/sellers in sales transactions✓ Correct
COnly tenants in commercial leases
DOnly buyers in new construction sales
Explanation
A Texas real estate broker or sales agent with appropriate licenses can engage in both sales/leasing activities and property management. The same real estate license covers both activities in Texas (property management activities that require a license fall under the real estate broker license). A license holder can represent sellers, buyers, landlords, and tenants.
Related Texas Agency Questions
- In Texas, an 'intermediary' broker is one who:
- A Texas buyer's agent has a fiduciary duty of loyalty to their buyer-client. This duty means the agent must:
- A Texas licensee's fiduciary duties to their client include all of the following EXCEPT:
- When a Texas broker acts as an intermediary, they may NOT:
- A Texas buyer's agent who also operates as a transaction coordinator for the seller's side is:
- In Texas, a broker's authority to bind their client to a contract arises from:
- 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:
- In Texas, the duty of 'obedience' as part of the fiduciary relationship requires an agent to:
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