Minimum Service Brokerage

The Texas Real Estate Commission (TREC) which was created to protect the consumer and regulates real estate licensees in Texas has ruled on a minimum amount of services which a minimum service brokerage (real estate brokers who offer a very low commission charge) must deliver.

Under 22 TAC 535.156 the real estate licensee must:
* submit all offers to the seller
* convey all known information which could affect the principle's (client's) decisions
* deal fairly and honestly with all parties and owes a duty of fiduciary to her principal
* convey accurate information

If the minimum service broker has an exclusive agency relationship, he may not instruct the buyers agent to negotiate directly with the seller nor may the buyer's agent negotiate directly with the seller.
In addition, the minimum service broker must:
* answer the clients questions related to the offer
* keep the client informed of material information
* present offers

Although a minimum service agent has a duty to provide a minimum amount of service, a real estate transaction can become a complicated affair and usually involves negotiating from beginning all the way to closing. It's a smart idea to have a professional on your side; looking out for your best interests. Although you may have bought and sold property before and can read information online, a REALTOR who has helped purchase and sell hundreds of properties can help you with negotiating, with processes and with the complications which arise during a real estate transaction.

I want to be your REALTOR. If you are thinking of selling a house, give me a call. I'm happy to answer any questions you may have about the seller's disclosure or other matters involving selling a home. 512. 589.7988.

If you are interested in finding out more about Austin, living in Austin, real estate or buying or selling a home in Austin, I want to be your REALTOR. And I appreciate your referrals as well. Call or email to find out how I can help you. 512.589.7988 or robin @robinscottrealtor.com

Austin, Texas. Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.
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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.

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