Agency
Under Texas law, which document most clearly establishes an exclusive buyer-agency relationship?
AThe IABS notice
BThe Buyer Representation Agreement (TAR or TREC-approved form)✓ Correct
CA verbal agreement with the buyer
DThe listing agreement
Explanation
A written Buyer Representation Agreement creates the formal, exclusive agency relationship between a buyer and their agent/broker. It specifies the scope of the relationship, compensation, and duration. The IABS notice only informs buyers of brokerage options but does not create an agency relationship.
Related Texas Agency Questions
- A Texas listing agent's fiduciary duties to the seller include all of the following EXCEPT:
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- A Texas buyer's representative agreement creates an exclusive agency relationship. This means:
- In Texas, when a listing agent presents a buyer's offer to the seller, the agent should present it:
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- In concluding a Texas real estate transaction as a buyer's agent, the agent should ensure all of the following are completed EXCEPT:
- A Texas listing agent who represents the seller has a duty to present all offers to their client. If the seller instructs the agent to only present offers above $300,000, the agent should:
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