Written Buyer Agreement
The written agreement required before showing residential real property to a prospective buyer, effective January 1, 2026.
Under TRELA Sec. 1101.563(b), a license holder who performs any act of brokerage for a prospective buyer of residential real property must enter into a written agreement with that buyer before showing any residential real property, or, if none will be shown, before presenting an offer to purchase on the buyer's behalf.
Sec. 1101.563(c) sets out what the agreement must state, including the services provided, a termination date, whether it is exclusive, whether the license holder represents the buyer, and the compensation, with conspicuous disclosure that broker compensation is not set by law and is fully negotiable. Under Sec. 1101.563(e) a showing-only agreement may not be exclusive and may not run more than fourteen days.
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Texas Agency & Intermediary (9% of the exam)
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- Showing Without Representation
A limited property showing a broker may conduct without representing the party, added by SB 1968 effective January 1, 2026.
- Client
The party a broker represents in a transaction, owed the duties that come with representation.
- IABS (Information About Brokerage Services)
The TREC notice required at the first substantive communication about a proposed transaction involving specific real property.
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.