Written Consent (Intermediary)
The consent of both parties that makes intermediary practice lawful, which must state the source of any expected compensation.
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What does Written Consent (Intermediary) mean on the Texas real estate exam?
Answer: The consent of both parties that makes intermediary practice lawful, which must state the source of any expected compensation.
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Written Consent (Intermediary) definition
Under TRELA Sec. 1101.559(a), a broker may act as an intermediary only if the broker obtains written consent from each party and the written consent states the source of any expected compensation to the broker.
Sec. 1101.559(b) provides that a listing agreement or a buyer-representation agreement authorizing intermediary is sufficient to establish written consent, if the agreement sets out in conspicuous bold or underlined print the conduct prohibited by Sec. 1101.651(d).
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Definition checked against the official sources below on .
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Texas Agency & Intermediary (11 of 40 Texas State Law)
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