Module 8 Flashcards
A license holder who represents a party in a proposed real estate transaction must disclose that representation at the time of first contact with a customer
Representation disclosure
The firm will only represent buyers. No seller agency or intermediary is allowed
Buyer agency only
The prescribed form by TREC to explain the roles license holders may take working in real estate transactions with buyers, sellers, landlords, or tenants.
Information About Brokerage Services
The firm will only represent sellers. No buyer agency or intermediary allowed.
Seller agency only
A discussion about a specific property that triggers the presentation of the Information About Brokerage Services
Substantive dialogue
A situation defined by Texas state law when a broker represents both a buyer and seller in the same transaction
Intermediary
A brokerage firm represents buyers and sellers.
Intermediary
A brokerage firm will only represent buyers.
Buyer agency only
A license holder who represents a party in a proposed real estate transaction shall disclose that representation at the contact with other parties to the transaction and to the license holders who represent them.
Representation disclosure
A brokerage firm will only represent sellers.
Seller agency only
Communication that involves a specific discussion that relates to a specific property.
Substantive dialogue
________________________ occurs at the time of the license holder’s first contact with another party to the transaction or another license holder who represents another party to the transaction.
Disclosure of Representation
License holders must provide a link to the IABS form in a readily noticeable place on the homepage of their business website in at least _____-point font.
10
If a single agent in the firm is working with both buyer and seller, another agent in the firm needs to be __________________________
another agent in the firm needs to be brought into the transaction so appointments can be made.
Disclosure of representation should be made at the first _________ with another party to a transaction or another license holder who represents another party to the transaction.
contact
