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ABOUT AGENCY & FULL DISCLOSURE

Anyone involved in any real estate transaction in the state of Texas should know the following:

Agency is the relationship that exists between a Real Estate Agent and a client.

Full Disclosure involves defining precisely who it is that the Agent represents.

It sounds simple enough, but the reality is that often it can become unclear who an Agent represents. Because of these frequent misunderstandings the Law of Agency defines strict guidelines that Agents must follow.

In most situations a Real Estate Agent should give a client or customer a form entitled Information About Brokerage Services. This is not a contract, merely an informational document.

Agency is regulated by the Texas Real Estate Commission.

 

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