IABS (Information About Brokerage Services)
The TREC notice required at the first substantive communication about a proposed transaction involving specific real property.
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What does IABS (Information About Brokerage Services) mean on the Texas real estate exam?
Answer: The TREC notice required at the first substantive communication about a proposed transaction involving specific real property.
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IABS (Information About Brokerage Services) definition
Information About Brokerage Services is a statutory notice that explains how Texas brokerage relationships work, including representing a buyer, representing a seller, and acting as an intermediary. A license holder must provide the completed notice at the first substantive communication with a party about a proposed transaction involving specific real property.
The IABS notice is informational. It is not a contract and does not create representation by itself. TRELA contains limited exceptions, including specified open-house encounters and certain residential leases for less than one year when a sale is not being considered.
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Texas Agency & Intermediary (11 of 40 Texas State Law)
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Try 5 free questionsThis 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.