This document discusses clarifying agency relationships in real estate transactions. It covers when and how to disclose an agency relationship between brokers and clients, including identifying the type of representation and establishing the terms. The document also mentions that brokerage companies should have a policy and procedures manual that outlines their policies for agency relationships and includes guidelines for disclosing representation to sellers, buyers, and other agents involved in a real estate deal.

1. U N I T 5 : C L AR I F Y I N G AG E N C Y R E L AT I O N S H I P S
TEXAS LAW OF AGENCY

2. UNIT 5: CLARIFYING AGENCY RELATIONSHIPS
Disclosing an Agency Relationship
• When to Disclose an Agency Relationship
• Brokerage Firm’s Disclosure Policies
• Identify the Type of Representation
• Establish the Agency Representation
• Disclose the Agency Representation
• Seller’s Agent to Potential Seller
• Seller’s Agent to Potential Buyer
• Buyer’s Agent to Buyer
• Competing Clients
• Buyer’s Agent to Listing Agent & Seller
• Act According to Terms of the Agency Agreement

3. UNIT 5: CLARIFYING AGENCY RELATIONSHIPS
Brokerage Company’s Policy and Procedures Manual
• Policy
• Procedure
• Writing the Policy and Procedure Manual
• What to Include in the Policy Manual
• Checklist for Policy and Procedure Manual