Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers, and landlords.

Types of real estate license holders

• A BROKER is responsible for all brokerage activities, 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 broker's duties to a client are to:

• Put the interests of the client above all others, including the broker's own interests;
• Inform the client of any material information about the property or transaction received by the broker;
• Answer the client's questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly.

A license holder can represent a party in one of two ways

As agent for owner (seller/landlord)

The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker's minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller's agent.

As agent for both (intermediary)

To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary must treat all parties to the transaction impartially and fairly.

To avoid disputes, all agreements between you and a broker should be in writing

A written agreement should state the broker's duties and responsibilities, who the broker represents, and how the broker will be paid. License holder contact information is below.

License holder contact information

• Brokerage: Austin Marketing + Development Group
• License holder: Luke Allen, Licensed Texas REALTOR, TREC License #788149
• Email: luke@austinmdg.com
• Phone: 254-718-2567

For the official, fillable form and full text, see the TREC Information About Brokerage Services form and the TREC Consumer Protection Notice. Regulated by the Texas Real Estate Commission. You may contact TREC at P.O. Box 12188, Austin, TX 78711-2188, (512) 936-3000.

This notice is provided for information; signing it is not an agreement and does not create an obligation to use the broker’s services.