11-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS:
A BROKER is responsible for all brokerage acvies, 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 informaon about the property or transacon received by the broker;
Answer the client’s quesons and present any oer to or counter-oer from the client; and
Treat all pares to a real estate transacon 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 wrien lisng to sell or property management agreement. An owner's agent must perform the broker’s minimum
dues above and must inform the owner of any material informaon about the property or transacon known by the agent, including
informaon 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
wrien representaon agreement. A buyer's agent must perform the broker’s minimum dues above and must inform the buyer of any
material informaon about the property or transacon known by the agent, including informaon disclosed to the agent by the seller or
seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the pares the broker must rst obtain the wrien
agreement of each party to the transacon. The wrien agreement must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obligaons as an intermediary. A broker who acts as an intermediary:
Must treat all pares to the transacon imparally and fairly;
May, with the pares' wrien consent, appoint a dierent license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instrucons of each party to the transacon.
Must not, unless specically authorized in wring to do so by the party, disclose:
that the owner will accept a price less than the wrien asking price;
that the buyer/tenant will pay a price greater than the price submied in a wrien oer; and
any condenal informaon or any other informaon that a party specically instructs the broker in wring 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 transacon 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 rst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
The broker’s dues and responsibilies to you, and your obligaons under the representaon 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 noce is being provided for informaon purposes. It does not create an obligaon for
you to use the broker’s services. Please acknowledge receipt of this noce below and retain a copy for your records.
Information About Brokerage Services
Texas law requires all real estate license holders to give the following informaon about
brokerage services to prospecve buyers, tenants, sellers and landlords.
.
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/
Associate
License No. Email Phone
Licensed Broker /Broker Firm Name or
Primary Assumed Business Name
License No. Email Phone
Regulated by the Texas Real Estate Commission Informaon available at www.trec.texas.gov
IABS 1-0
Date Buyer/Tenant/Seller/Landlord Initials
Sales Agent/Associate’s Name License No. Email Phone
TPH ZeroDown Brokerage TX, LLC
9009237
brokerage@zerodown.com
(415) 636-7795
Brian Jones
587154
brian@zerodown.com
(214) 755-5151
Brian Jones
587154
brian@zerodown.com
(214) 755-5151
587154
brian@zerodown.com
(214) 755-5151