Agency
When a Texas broker acts as an intermediary, they are generally prohibited from:
AShowing the property to the buyer
BTelling the seller that the buyer will pay more or telling the buyer the seller will accept less✓ Correct
CSharing property disclosures with both parties
DPreparing the purchase contract
Explanation
An intermediary must treat both parties fairly and is prohibited from disclosing confidential information that could harm one party, such as advising a buyer to offer less or telling a seller the buyer will pay more than offered.
Related Texas Agency Questions
- In Texas, an 'intermediary' broker is one who:
- A Texas buyer's agent who also operates as a transaction coordinator for the seller's side is:
- When a Texas buyer's agent submits an offer on behalf of their client, the agent is acting as:
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- A Texas real estate agent who earns an undisclosed secret profit from a transaction is breaching the duty of:
- A Texas listing agent who wants to withdraw from representation of the seller before the listing expires may do so only:
- Under Texas law, which document most clearly establishes an exclusive buyer-agency relationship?
- A Texas licensee's fiduciary duties to their client include all of the following EXCEPT:
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