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Information About Brokerage Services

Texas law requires all real estate licensees to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.


TYPES OF REAL ESTATE LICENSE HOLDERS:
● A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
● A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.


A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

  • Put the interests of the client above all others, including the broker's own interests;

  • Inform the client of any material information about the property or transaction received by the broker;

  • Answer the client's questions and present any offer to or counter-offer from the client; and

  • Treat all parties to a real estate transaction honestly and fairly.


A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:


AS AGENT FOR OWNER (SELLER/LANDLORD):

The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owners agent must perform the broker's minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.


AS AGENT FOR BUYER/TENANT:

The broker becomes the buyer/tenant‘s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller's agent.


AS AGENT FOR BOTH - INTERMEDIARY:

To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and in conspicuous bold or underlined print, set forth the brokers obligations as an intermediary. A broker who acts as an intermediary:

  • Must treat all parties to the transaction impartially and fairly;

  • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

  • Must not, unless specifically authorized in writing to do so by the party, disclose: (1) that the owner will accept less than the written asking price; (2) that the buyer/tenant will pay a price greater than the price submitted in a written offer; and (3) any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.


AS SUBAGENT:

A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the
buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.


TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
● The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
● Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.


LICENSE HOLDER CONTACT INFORMATION:

This notice is being provided for information purposes. It does not create an obligation for you to use the broker's services. 

Edge of the West Land co. LLC

License No. 0482146

Kirk Roddie

Kirk@edgeofthewest.net

(325)-456-9472

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Edge of the West

EDGE OF THE WEST
Land Company, Inc.

101 East First St.
Brady, TX 76825, USA

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©2024 by Edge of the West Land Company Inc.

* Broker does not make any representations, warranties or covenants of any kind or character, whether expressed or implied, with respect to the quality or condition of the property, the suitability of any property for any and all activities and uses which purchaser may conduct thereon, compliance by the property with any laws, rules, ordinance, or regulations of any applicable government authority, habitability, marketability. or fitness for any particular purpose, specifically; Broker does not make any representations regarding hazardous waste, as defined by the Texas Solid Waste Deposal Act and regulations adopted thereunder, or the U.S. EPA regulations or disposal of any other hazardous or toxic substance in or on the property; or the Endangered Species Act of 1973; or for live oak decline, oak wilt or any natural phenomena. All sizes, areas, volumes, lengths and distances contend herein are only approximations and are not intended, nor should they be accepted as exact measurements. All information furnished is from sources deemed reliable, but no warranty or representation, expressed or implied, is made to the accuracy thereof, and is submitted subject to prior sale, withdrawal or other changes in price or terms without notice.

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