agency

Intermediary (Texas)

Texas does not permit dual agency; when one brokerage represents both buyer and seller, the broker acts as an intermediary. This requires written consent from each party stating the source of expected compensation. The intermediary must be fair and impartial and may not disclose that the seller will accept less or the buyer will pay more, or other confidential information, except property condition facts. With consent and at least two associated agents, the broker may appoint one license holder to each party to give advice.