11-2-2015 

Information About Brokerage Services 

Texas law requires all real estate license holders to give the following informaƟon about 

brokerage services to prospecƟve buyers, tenants, sellers and landlords. 

TYPES OF REAL ESTATE LICENSE HOLDERS: 

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•  A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. 

•  A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. 

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): 

•  Put the interests of the client above all others, including the broker’s own interests; 

•  Inform the client of any material informaƟon  about the property or transacƟon received by the broker;  

•  Answer the client’s quesƟons and present any offer to or counter-offer from the client; and 

•  Treat all parƟes to a real estate transacƟon honestly and fairly. 

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: 

AS AGENT FOR OWNER (SELLER/LANDLORD):  The broker becomes the property owner's agent through an agreement with the owner, 
usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes 
above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including 
informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent. 

AS AGENT FOR BUYER/TENANT:  The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a 
wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any 
material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or 
seller’s agent. 

AS AGENT FOR BOTH - INTERMEDIARY:  To act as an intermediary between the parƟes the broker must first obtain the wriƩen 
agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or 
underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:  

•  Must treat all parƟes to the transacƟon imparƟally  and fairly;  

•  May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and 

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. 

•  Must not, unless specifically authorized in wriƟng to do so by the party, disclose: 

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that the owner will accept a price less than the wriƩen asking price; 

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that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer;  and 

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any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to 
disclose, unless required to do so by law. 

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the 
buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. 

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: 

•  The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. 

•  Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. 

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for 
you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records. 

Licensed Broker /Broker Firm Name or 

Primary Assumed Business Name   

License No. 

Email 

Phone 

Designated Broker of Firm  

License No. 

Email 

Phone 

Licensed Supervisor of Sales Agent/

Associate 

License No. 

Email 

Phone 

Sales Agent/Associate’s Name 

License No. 

Email 

Phone 

Regulated by the Texas Real Estate  Commission 

Buyer/Tenant/Seller/Landlord Initials 

 InformaƟon available at www.trec.texas.gov 

 IABS 1-0 

Date 

TechTown Realty

578384

mary@techtownrealty.com

806-790-1026

Mary Benton

578384

mary@techtownrealty.com

806-790-1026

Mary Benton

578384

mary@techtownrealty.com

806-790-1026