Client
The party a broker represents in a transaction, owed the duties that come with representation.
A client is the party a broker represents. Under TRELA Sec. 1101.557(a), a broker who represents a party in a real estate transaction, or who lists real estate for sale under an exclusive agreement for a party, is that party's agent. Representation is created by a written representation agreement, not by helping someone or answering their questions.
Because the broker is the client's agent, minimum services under Sec. 1101.557(b) apply: the broker must inform the client of material information related to the transaction, including the receipt of an offer, and must at a minimum answer the client's questions and present any offer to or from the client.
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- Customer
The party on the other side of a transaction, who is not represented by the broker but is still owed honesty and material-defect disclosure.
- Minimum Services
The floor of service a broker who represents a party must provide under TRELA Sec. 1101.557(b).
- IABS (Information About Brokerage Services)
The TREC notice required at the first substantive communication about a proposed transaction involving specific real property.
- Intermediary
The Texas relationship in which one broker represents both the buyer and the seller in the same transaction with the written consent of both parties.
This definition is Texas real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.