Texas State Senate Bill 489 requires a licensee
to disclose representation either orally or in writing. Senate Bill 489 also requires
the licensee to furnish prosective buyers,
tenants, and sellers, with a form titled INFORMATION ABOUT BROKERAGE SERVICES that
describes the various types of agency relationships.
Just as a seller may retain a broker, usually known as a listing agent, to help the seller
market and sell real estate, a buyer may retain an Accredited Buyer's Representative to
represent him/her in finding a property and negotiating an offer. The buyer who hires a
buyer's broker becomes the client of that broker. Through this appointment of a buyer's
broker, the buyer is entitled to the same services and advice that a seller receives
from a listing agent. The buyer's broker may counsel and
and advise the buyer of the market conditions, perform a comparative market analysis,
show available properties, and explain various financing options, property values and other
matters relevant to negotiating a transaction. If a buyer does not appoint an agent
as their buyer's broker, by default the agent becomes a subagent of the seller.
If you want to choose your REALTOR® rather than have one chosen for you, it is best to
enter into a written agreement with the broker of your choice that clearly establishes
your relationship and outlines the broker's responsibilities as your representative.
POLICY ON AGENCY
My goal is to provide first-rate service to all my clients. This is best achieved when all
parties are clear on "representation". Buyers will be asked to read the following
INFORMATION ABOUT BROKERAGE SERVICES at our initial consultation and invited to ask
any questions. Sellers are promised a copy of INFORMATION ABOUT BROKERAGE SERVICES in the listing
I will represent the seller in the sale/listing of their home and enter into a written
agreement known as a listing contract. I will represent buyers as their
agent/representative in the purchase of property and enter into an exclusive buyer's
representation agreement. In the event
a buyer/client desires to purchase a listing where I am the listing agent, and upon
obtaining the written consent of each party, I will use the services of an intermediary.
In either of these scenarios, I intend to honor the REALTORS CODE OF ETHICS TO TREAT ALL
INFORMATION ABOUT BROKERAGE SERVICES
Shown below is a copy of the "Information About Brokerage Services" that the Texas State
Real Estate Commission requires be given to all prospective buyers, sellers, tenants, and
landlords. Please read it carefully, and be sure you understand the relationships
that will exist between the parties in the upcoming negotiations. Please let me know if
you have any questions about this important information.