Deb McNeill, Realtor®
Fulfilling Dreams

Information About Brokerage Services


Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about    11-2-2015

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:

o      that the owner will accept a price less than the written asking price;

o      that the buyer/tenant will pay a price greater than the price submitted in a written offer; and

o      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.

 

Small World Realty                                  0563995                 Robert@smallworldrealty.com                (214)683-8973  

Licensed Broker/Broker Firm Name or      License No.                        Email                                                Phone

Primary Assumed Business Name

Robert Meche                                         0563995                 Robert@smallworldrealty.com               (214)683-8973  

Designated Broker of Firm                      License No.                         Email                                                 Phone

                                                                                                                                                                              
Licensed Supervisor of Sales Agent          License No.                        Email                                                  Phone
/ Associate        
 
Debra McNeill                                          0609438              deb@flyingMteam.com                            817-798-2420 

Sales Agent/Associate's Name                License No.                         Email                                                  Phone

 

                                                                                         

Buyer/Tenant/Seller/Landlord Initials                     Date

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

TAR2501                                                                                                                                                  lABS 1-0

Small World Realty LLC, 5068 W. Plano Pkwy.Ste 300 Plano, TX 75093  

Debbie McNeill                                                                                                          Phone:(817)798-2420             Fax:(817)439-0803    

    Produced wilh zipform® by zip ogix 18070 Fifteen Mile Road,Fraser,Michigan 48026     www.zpi  loqix.com

 

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