Agency
Under Texas law, when a broker represents both the buyer and the seller in the same transaction with written consent from both parties, this relationship is called:
ADual agency
BDesignated agency
CIntermediary✓ Correct
DSub-agency
Explanation
Texas uses the term 'intermediary' rather than 'dual agency.' A broker acting as an intermediary may represent both parties with written consent from each, and must remain impartial. The broker may appoint associated licensees to work with each party.
Related Texas Agency Questions
- When a Texas sales agent's sponsoring broker dies or loses their license, the sales agent's license automatically becomes:
- Under Texas law, a sales agent who acts WITHOUT a written buyer representation agreement is presumed to represent:
- 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 real estate agent who earns an undisclosed secret profit from a transaction is breaching the duty of:
- When a Texas broker team operates within a brokerage, team members must make clear that they are part of the team and:
- A Texas seller's agent learns that their seller is selling primarily due to a pending divorce and needs to sell quickly. This information is:
- In Texas, an unlicensed assistant working in a real estate office may lawfully:
- A Texas buyer's agent who has actual knowledge that a listed property has foundation issues the seller has not disclosed is obligated to:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →