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U N I T 8 : I N T E R M E D I ARY B R O K E R AG E
TEXAS LAW OF AGENCY
UNIT 8: INTERMEDIARY BROKERAGE
Unintended Dual Representation
• From Dual Agency to Intermediary Brokerage
• Representing More than One Party in a Transaction
Do’s and Don’ts When Acting as an Intermediary
• §1101.559. Broker Acting As Intermediary
• §1101.560. Associated License Holder Acting As Intermediary
• §1101.561. Duties of Intermediary Prevail
• §1101.651. Certain Practices Prohibited
UNIT 8: INTERMEDIARY BROKERAGE
Intermediary Status vs. No Intermediary Status
• Intermediary Status
• Step One: Consent and Disclosure
• Step Two: Appointing Licensees
• Consent
• Disclosure
• Can Practitioners Disclaim All Agency?
• Appointing Licensees
• Who May be Appointed?
• Are Appointments Required?
• No Intermediary Status
UNIT 8: INTERMEDIARY BROKERAGE
Intermediary Brokerage Applications
• Intermediary Requirements if Appointments are Made
• Scenario 1
• Scenario 2
• Scenario 3
• Scenario 4
• Scenario 5
• Scenario 6

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TX-AGENT-16 08

  • 1. U N I T 8 : I N T E R M E D I ARY B R O K E R AG E TEXAS LAW OF AGENCY
  • 2. UNIT 8: INTERMEDIARY BROKERAGE Unintended Dual Representation • From Dual Agency to Intermediary Brokerage • Representing More than One Party in a Transaction Do’s and Don’ts When Acting as an Intermediary • §1101.559. Broker Acting As Intermediary • §1101.560. Associated License Holder Acting As Intermediary • §1101.561. Duties of Intermediary Prevail • §1101.651. Certain Practices Prohibited
  • 3. UNIT 8: INTERMEDIARY BROKERAGE Intermediary Status vs. No Intermediary Status • Intermediary Status • Step One: Consent and Disclosure • Step Two: Appointing Licensees • Consent • Disclosure • Can Practitioners Disclaim All Agency? • Appointing Licensees • Who May be Appointed? • Are Appointments Required? • No Intermediary Status
  • 4. UNIT 8: INTERMEDIARY BROKERAGE Intermediary Brokerage Applications • Intermediary Requirements if Appointments are Made • Scenario 1 • Scenario 2 • Scenario 3 • Scenario 4 • Scenario 5 • Scenario 6