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The information regarding the roles brokers may play in a transaction may be written or oral, but the disclosure of agency status must be written.

In Texas, express authority to act for a principal

TRELA states that an intermediary “may be an agent of the parties to the transaction.” TREC’s general interpretation of the word “may” is that the broker may elect to assume a nonagency relationship with his or her clients.

Yolanda, a sales associate with Sapporo Realty, is having lunch with a friend. A man sitting at the next table is wearing a nametag indicating he is associated with another real estate firm in town. The man answers his portable phone and begins a conversation with someone he calls “Ben”. The man suggests to Ben that considering Ben’s poor credit rating, he might begin negotiations by asking the seller for a low down payment and a wrap-around mortgage. From the conversation, Yolanda might assume that the man is a(an)

The seller would NOT be liable for the acts and representations of

John Byers is a buyer-client of Global Realty engaged in negotiation for the purchase of 123 Main Street, a property listed by another broker. He has offered $172,000 but is willing to go as high as $195,000. If Global Realty also represents a different buyer who recently and unsuccessfully negotiated with the seller, Global Realty should

When will the exam open and close? View the course calendar for the exam due date. Do not wait until the last hour to take the exam as you may experience technical issues and you need time to notify me and still take the exam. The exam can be taken at whatever time of day you choose as long as it falls within the open/close period. What if I miss this exam? THERE ARE NO MAKE-UPs. What if there is a technical problem? Should you be ‘knocked offline’ or ‘kicked out’ during the exam or have some other technical difficulty, send me an email immediately explaining what happened plus tell me what steps you have taken or will take to prevent this from happening again.  If you need technical help with Blackboard, SJC Blackboard Technical Support can be reached at 281-542-2084.

Broker Sue enters into a written agreement to represent Seller James and Buyer Mary that authorizes Broker Sue to act as an intermediary and make appointments. What must Broker Sue now do before any of her associates may show Seller James’ property to Buyer Mary?

Broker Fitzroy of Dunoon Realty is the listing broker for Seller Roni’s property. One of Broker Fitzroy’s sales associates is providing customer-level service to Buyer Barnie. Which comment(s) by the sales associate to Buyer Barnie might place Broker Fitzroy in violation of TRELA?

Concerns regarding intermediary relationships are confined to residential transactions since TRELA does not permit brokers specializing in other areas of real estate to represent both parties in the transaction.