Texas law requires all real estate license holders to give this information about brokerage services to prospective buyers, tenants, sellers, and landlords.
A license holder may work with you as a client's agent (representing you), as an intermediary between the parties (with written consent), or in another capacity allowed by Texas law. Your agent's duties and obligations to you depend on the type of agreement you enter into.
A seller's agent (or listing agent) represents the seller/landlord. The agent assists the seller in finding a buyer or tenant and negotiates on the seller's behalf. All information you provide to a seller's agent may be disclosed to the seller.
A buyer's agent (or tenant's agent) represents the buyer/tenant. The agent assists the buyer in locating a property and negotiates on the buyer's behalf. The buyer's agent must inform the buyer of any material information known about the property or seller.
With the written consent of both parties, a broker may act as an intermediary between buyer and seller (or tenant and landlord). In this role, the broker must treat all parties impartially and fairly, and may appoint different license holders to communicate with and advise each party.
A subagent assists a buyer without an agreement to represent the buyer. A subagent works with the buyer but owes duties to the seller's agent and the seller, including not disclosing confidential information that would harm the seller's negotiating position.
Before working with a license holder, you should understand the terms of your representation. All agreements should be in writing and clearly state the broker's duties, responsibilities, and how compensation will be handled.
For questions about this notice or the agency relationships described herein, please contact Angie Alvarez Real Estate directly.