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Information about Brokerage Services

    

                                                                                                                          11-2-2015
                         Information About Brokerage Services               
                         Texas law requires all real estate license holders 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 to the transaction 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
.
 

Crumpler Group, LLC            9004417          david@crumplergroup.com            817-845-9905
Licensed Broker/ Brokerage Firm Name or         License No.                    Email                                                                               Phone
Primary Assumed Business Name


David Crumpler                      502860           david@crumplergroup.com            817-845-9905 Designated Broker                                                License No.                  Email                                                                              Phone

__________________________________________________________________________
Licensed Supervisor of Sales Agent/                    License No.                   Email                                                                              Phone
Sales Associate

Timothy Hansen                     691452    AmericanFamilyHomesTX@gmail.com 806-701-4546
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

                                                                                                                                                                                    IABS 1-0

Link below to online form:

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Tim Hansen, REALTOR

Phone: (806) 701-4546
AmericanFamilyHomesTX@gmail.com
Facebook:  TimHansenRealtorTX

Twitter:  AmFamRealtor


American Family Homes 
Real EstateTeam

Crumpler Group LLC, Broker

 

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