Texas Real Estate Sales Agent ExamAgencyMedium
A real estate sales agent is working with a buyer who is interested in a property listed by another agent in the same brokerage. The broker intends to act as an intermediary. Which of the following is REQUIRED for the broker to act as an intermediary in Texas?
- AVerbal consent from both parties, followed by written confirmation.
- BWritten consent from the buyer only.
- CWritten consent from both the buyer and the seller.
- DWritten consent from the seller only.
Show answer & explanationAnswer & explanation
Correct answer: C. Written consent from both the buyer and the seller.
In Texas, for a broker to act as an intermediary, they must obtain written consent from both the buyer and the seller. This is a strict statutory requirement to ensure both parties understand and agree to the broker's neutral role in the transaction.
Why the other options are wrong
- A. Verbal consent is not sufficient; it must be in writing from both parties.
- B. Consent from both parties is required, not just the buyer.
- D. Consent from both parties is required, not just the seller.
Intermediary Brokerage (Texas)
A type of agency relationship in Texas where a broker represents both the buyer and the seller in the same transaction, with written consent from both parties.
- Requires written consent from both buyer and seller.
- Broker must remain neutral.
- Can appoint agents to represent each party (appointed licensees).
Memory trick: Intermediary means a written handshake between ALL.