What You Should Know About
Law Of Agency In Texas
Helpful
Information
From Your
REALTOR®
Michelle
Storms
The Agency Of Law of The State of Texas | |
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Our policy is to offer the broadest possible range of services and choices to the company's clients and to provide information to our clients to allow them to make an informed decision about the agency relationship they wish to have with the company and our sales associates. Exclusive Agency. With exclusive agency Specializing in You, Inc. will continue to offer a full range of broker services. Specializing in You, Inc. will be the exclusive agent for the buyer when showing builders' properties when such properties are not listed by Specializing in You, Inc.. Intermediary Status. For those transactions in which both the seller and buyer wish to use the services of Specializing in You, Inc., then the company will act as an "Intermediary". As an Intermediary the company will work with and carry out instructions of the parties and will (1) treat both the buyer and seller honestly, (2) will not disclose that the seller will accept a price less than the asking price unless authorized to do so by the seller, (3) will not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized to by the buyer and (4) will not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by law. If the parties wish to use the services of two sales associates of the company in the same transaction, then the company will appoint each of the associates as an "Appointed Licensee" who may render their professional advice and opinions to the parties for whom they have been appointed. Or if no other agents are available, then with the written consent of all parties one of the parties will be referred to an outside agent for representation. |
If both the seller and buyer wish to use the services of the same sales associate of Property Crossing, LLC, the company will act as an Intermediary and the sales associate will be the "Intermediary Representative" in the transaction. The Intermediary Representative may provide information and assistance, but will not render professional advice or opinions to either party so as to remain fair and impartial to both parties in the transaction. If, during the transaction, either party wishes to have a separate sales associate work with them, then Specializing in You, Icn. will appoint a separate associate. Does acting as an intermediary present a conflict? Well, yes it can, and for that reason Specializing in You, Inc. will only act as an intermediary with the express written consent of our clients. Why would the company want to act as an intermediary? Because it is a benefit to our buyers to consider the homes offered for sale by Specializing in You, Inc. and it's a benefit to our seller to allow buyers who are represented by the company to consider their property for purchase. Moreover, it is a benefit to all our clients to allow them to choose for themselves which real estate agent they wish to work with and to decide for themselves what relationship they wish to have with their broker. The policy of Specializing in You, Inc. provides our clients with the greatest range of choices. Should an Intermediary relationship frighten our clients? No, because utlimately our clients, as they always have, will make the decisions affecting the sale or purchase of their property. This policy is designed to allow clients of Specializing in You, Inc. the freedom to choose how their broker will represent them in their real estate transaction. |
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