Agency
When a Texas real estate agent 'discloses' their agency relationship, they are communicating:
AThe property's price history
BWho they represent in the transaction and any potential conflicts of interest✓ Correct
CThe terms of their commission agreement with their broker
DDetails about the property's condition
Explanation
Agency disclosure informs all parties about who the agent represents—buyer, seller, both (intermediary), or neither. Proper disclosure prevents misunderstandings and ensures all parties know whose interests the agent is protecting. Texas requires disclosure of agency relationships through the IABS notice and buyer/seller representation agreements.
Related Texas Agency Questions
- A Texas real estate agent who earns an undisclosed secret profit from a transaction is breaching the duty of:
- Under a Texas exclusive right to sell listing, if the property is sold during the listing period by anyone—including the owner—the listing broker is entitled to:
- A Texas buyer's agent learns that the listing agent misrepresented the property's square footage. The buyer's agent is obligated to:
- A Texas listing broker's agent shows a property to an unrepresented buyer. The agent should inform the buyer that:
- A Texas listing agent who learns their seller-client intends to not disclose a known foundation problem is obligated to:
- A Texas licensee's fiduciary duties to their client include all of the following EXCEPT:
- A Texas real estate agent who assists a buyer find a property but has not signed a buyer representation agreement is acting as:
- Under Texas law, the Information About Brokerage Services (IABS) notice must be provided:
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