What information related to agency are license holders required to provide under The Real Estate License Act?

License holders have two requirements under Section 1101.558, Representation Disclosure, of The Real Estate License Act:

• To disclose which party they represent to other parties or license holders who represent another party in a proposed real estate transaction

• To provide information about brokerage services to prospective buyers, 卖家, 租户, 和房东.

The first requirement is a disclosure, which can be provided orally or in writing. The second requirement is a written notice, which must be provided to prospective parties to a proposed transaction for a property through the 经纪服务资料form promulgated by the Texas Real Estate Commission.

第1101条.不动产许可证法案第558条 apply only to residential real estate sales transactions?

No. The Real Estate License Act requirements apply to other types of real estate transactions, 包括租赁, 商业, 新屋, 农场和牧场销售.

Does providing the 经纪服务资料 form meet The Real Estate License Act’s requirements to disclose agency?

No. 这是两个独立的需求. The IABS form is does not meet the law’s requirement to disclose representation of a party.

When and how should license holders disclose who they represent under The Real Estate License Act’s requirements to disclose agency?

A license holder must disclose which party she represents at the first contact with another party or another license holder representing a party in a proposed transaction. 例如, disclosure must be provided when a seller’s agent meets the buyer (who is unrepresented or working with an agent), or when a buyer’s agent meets the seller’s agent. 在这两种情况下, the disclosure can be oral or in writing, but it’s easier to prove you’ve made the disclosure if it’s in writing. There is no required language for this disclosure.

What should I do if I’m representing a seller and an unrepresented buyer who does not want to be represented approaches me about the property?

To meet the requirements of Section 1101.不动产许可证法案第558条, you will need to disclose either orally or in writing who you represent at first contact with the buyer. Of course, it will be easier to prove you’ve provided this disclosure if it’s in writing. You’ll also need to provide the buyer with the 经纪服务资料form upon first substantive communication regarding a property.

If an unrepresented buyer presents an offer on a home where you represent the seller, the buyer is a customer—not a client—and intermediary rules do not apply to the situation. A broker acts as an intermediary when representing the buyer and the seller in the same transaction.

When and how should license holders provide the 经纪服务资料 form?

At the first substantive communication with a party about a property, 许可证持有人必须提供 经纪服务资料 表格(TAR 2501, TREC IABS 1-0). The IABS form is promulgated by TREC to satisfy The Real Estate License Act’s requirement that a license holder provide written notice in at least 10-point font that:

• Describes the ways a broker can represent a party to a real estate transaction, 包括作为中间人

• Outlines the basic duties and obligations a broker has to a party the broker represents

•提供名称, 牌照号码, and contact information for the license holder and the license holder’s supervisor and broker, 如果适用的话.

Are there any exceptions for providing the 经纪服务资料 form?

是的. A license holder is not required to provide the notice if any of these situations applies:

• The proposed transaction is for a residential lease of less than one year and a sale is not being considered

• The license holder meets with a party who the license holder knows is represented by another license holder

• The communication occurs during an open house for any prospective buyer or tenant and the communication concerns that specific property.

Does the Texas Real Estate Commission have rules about how to deliver the 经纪服务资料 form?

是的. The IABS form can be delivered in the following ways:

• Personally delivered by a broker or sales agent

• Through first-class mail or overnight common carrier delivery service

•在邮件正文中

•作为电子邮件的附件, 或者电子邮件正文中的链接, with a specific reference to the form in the body of the email, which is the part above your name and contact information in your signature block.

Can I provide the 经纪服务资料 form only electronically?

是的. 你可以在邮件正文中这样做. You can also add it as an attachment to an email 或者电子邮件正文中的链接, as long as there is a specific reference to the form in the body of the email above your name and contact information. License holders can reproduce the IABS form provided that the text is copied verbatim and the spacing, 边界, and placement of the text appears identical to that of the published IABS form, except you should complete the Broker Contact Information section.

Here’s an example of an appropriate way to link to the IABS form in an email:

嗨,约翰,

I’m thrilled Sally referred you to me and I’d love to help sell your home. I always give a listing presentation to prospective clients. Do you have time to meet on Saturday so I can explain what my services entail?

顺便说一下, Texas law requires all license holders to provide the 经纪服务资料 form to prospective clients. Please review the linked document before we meet.

谢谢,
Jane Doe,2021十大正规彩票app经纪人
主街1234号.
800-555-1213

 

Note that the hyperlink above goes to a blank IABS form. You must link to an IABS form that has your information in the Broker Contact Information section to comply with the law. Find information on how to link to your completed form in the May 2016 issue of 德州2021十大正规彩票app经纪人®杂志.

Does a link to the 经纪服务资料 form in my email signature block count as electronic delivery?

No. A link to the IABS form in a footnote or email signature block does not meet The Real Estate Licensing Act’s requirements.

Do I have to put a link to the 经纪服务资料 form on my website?

是的. TREC rules require all active real estate brokers and sales agents to provide a link to the IABS form in a readily noticeable place on the homepage of their business website. The link must say “Texas Real Estate Commission 经纪服务资料” and must be in at least 10-point font. This requirement is in addition to the delivery requirements.

Do I have to provide a link to the 经纪服务资料 form on my business’s social media channels?

这取决于. Brokers and agents must provide a link to the IABS form on their business website. According to the Texas Real Estate Commission, a business website means a website used to attract or conduct real estate brokerage activity. This may include a business Facebook page or other social media channels you use for business.

If I have links to the 经纪服务资料 form on my website and provided it via email in compliance with the Texas Real Estate Commission rule, do I still need to deliver the form in person?

No. If you’ve provided a link on your business website and delivered the form electronically according to the requirements (see TREC rule 531.20), you do not have to provide it again in person.