Appointed License Holder
A license holder a broker may appoint, with written consent, to communicate with and advise one party while the broker acts as intermediary.
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What does Appointed License Holder mean on the Texas real estate exam?
Answer: A license holder a broker may appoint, with written consent, to communicate with and advise one party while the broker acts as intermediary.
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Appointed License Holder definition
When a broker acts as an intermediary between a buyer and a seller, the broker may, if the written consent of both parties authorizes it, appoint different associated license holders to work with each party. One appointed license holder communicates with and advises the buyer, and another communicates with and advises the seller.
Appointments let each party receive advice and opinions from a separate license holder rather than from a single neutral intermediary. The broker who makes the appointments may not appoint the same license holder to both parties and must remain fair and impartial. Appointments are optional, not required, even when an intermediary relationship exists.
Source basis
Definition checked against the official sources below on .
On the exam
Exam trap
Tested in
Texas Agency & Intermediary (11 of 40 Texas State Law)
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