Broker's Minimum Duties by Law: A license holder has a duty to be honest and fair in all dealings. A license holder owes a fiduciary duty to the party they represent and shall convey all known information that may affect the value of the property.
Notice: Real estate commissions and fees are fully negotiable. There is no standard commission rate; fees are set by each broker individually.
Written Agreements & Representation: Under Section 1101.563 of the Texas Occupations Code, a license holder is required to provide a written agreement specifying the terms of representation before acting as an agent.
Regulated by the Texas Real Estate Commission (TREC). www.trec.texas.gov | (512) 936-3000
