Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers, and landlords. This is a notice — not a contract. It does not create an obligation for you to use Grey Square's services.
The brokerage and license holders responsible for transactions originated through Grey Square in Texas.
This notice is being provided for information purposes. It does not create an obligation for you to use Grey Square's services. Please review the information below; if you proceed with us, you'll receive this same notice in writing for your records.
A client is the person or party that the broker represents. A broker must:
A license holder who performs brokerage activity for a prospective buyer of residential property must enter into a written agreement with the buyer before showing any residential property to the buyer or — if no residential property will be shown — before presenting an offer on behalf of the buyer. This written agreement must contain specific information required by Texas law. For more information on these requirements, see section 1101.563 of the Texas Occupations Code.
Even if a written agreement is not required, to avoid disputes, all agreements between you and a broker should be in writing and clearly establish: (i) the broker's duties and responsibilities to you and your obligations under the agreement; and (ii) the amount or rate of compensation the broker will receive and how this amount is determined.
The broker becomes the property owner's agent through an agreement with the owner — usually 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 by the buyer or buyer's agent.
An owner's agent fees are not set by law and are fully negotiable.
The broker becomes the buyer or tenant's agent by agreeing to represent them, 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.
A buyer or tenant's agent fees are not set by law and are fully negotiable.
To act as an intermediary between the parties, the broker must first obtain the written agreement 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:
A license holder can show property to a buyer or tenant without representing them if all of the following are true:
Before showing a residential property to an unrepresented prospective buyer, a license holder must enter into a written agreement that contains the information required by section 1101.563 of the Texas Occupations Code. The agreement may not be exclusive and must be limited to no more than 14 days.
By engaging Grey Square as a buyer, tenant, seller, or landlord, you acknowledge receipt of this notice. A signed paper copy will be provided at the time of any written representation agreement and retained in the transaction file.
Twenty minutes on the phone with a licensed Grey Square agent. No pressure, no commitment. We'll walk you through the difference between buyer representation, seller representation, and intermediary status — and which one fits your situation.