Charlene Stovin - Professional Real Estate Services
The Texas Real Estate Commission's Information About Brokerage Services and the Law: What it all means
Welcome, not all realtors are created equal. Please take this time to familiarize yourself with two required forms Texas realtors are required to provide to our prospective clients.
Why is this so important? I'm glad you asked! There are many capacities a real estate agent can interact with prospective clients. This form, the "Texas Real Estate Commission Information About Brokerage Services" is used in all real estate transactions in Texas when there is at least one licensed real estate eagerness involved in the transaction.
In Texas, all real estate agents represent the seller of the property, even if they do now know the seller or have any direct relationship to the seller. Basically this says that unless you are my "client", I represent the seller and can share with you, the buyer, only factual information about the properties.
It is important to remember, signing an Information About Brokerage Services form does not commit you to anything or anyone. Signing it ONLY acknowledges that I presented it to you and have explained it to you.
The Buyers Representative Agreement in Conjunction) With the IABS
If you would like to become my "client", instead of working for me on behalf of the seller, I'd be representing you and would be able to share with you everything that I know about the property and the seller, all conversations with the listing agent, the seller, the neighbors, etc.
I would really prefer to represet you rather than the seller of the properties you will be considering. Should you elect to have me represent you,(and there is no cost to you, the seller pays the commission) I'll send you the buyers representative agreement.
Wrapping it all Up
Knowing how real estate agents work with their brokerage and you, the potential client is essentials, and it is the LAW. Make sure you Understand what these forms mean, what they provide, and what rights they give you. If you have any questions, please be sure to ask!
- S. Lazo - Plano, Texas
- C. Leadbeater - Austin, TX