11/2/2015

Information About Brokerage Services

Texas law requires all real estate licensees 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 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 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 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 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;
  • May, with the parties' written 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 instructions of each party to the transaction.
  • Must not, unless specifically authorized in writing to do so by the party, disclose:
    • that the owner will accept a price less than the written asking price;
    • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
    • any  confidential  information  or  any  other  information  that  a  party  specifically  instructs  the   broker   in   writing   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  transaction  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 duties and responsibilities to-you, and your obligations under the representation 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 notice is being provided for information purposes. It does not create an obligation for   you to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records.

 

Tunnell Real Estate                             0165836           tre@texascellnet.com        (903)963-5101 
Licensed Broker/Broker Firm Name or     License No.                      Email                              Phone
Primary Assumed Business Name
Deloris Jo Davis                                   0165836           tre@texascellnet.com        (903)963-5101 
Designated Broker of Firm                      License No.                      Email                              Phone      
Deloris Jo Davis                                   0165836           tre@texascellnet.com        (903)963-5101 
Licensed Supervisor of Sales Agent/        License No.                      Email                              Phone
Darlene Tunnell                                   0165836           tre@texascellnet.com        (903)963-5101 
Sales Agent/Associate's Name                License No.                      Email                              Phone                          

           

 

 

Regulated by the Texas Real Estate Commission         Information available at www.trec.texas.gov

TXR2501                                                                                                                            IABS 1-0 Date

Tunnell Real Estate, 149 W. Main St. Van, TX 75790                       Phone: (903)963-5101      Fax: (903)963-5191