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The Woodmont Company 2100 W 7th St Fort Worth, TX 76107 (817) 732-4000 www.woodmont.com Information About Brokerage Services 8-17-2015 TYPES OF REAL ESTATE LICESE HOLDERS: A BROKER is responsible for all brokerage ac vi es, including acts performed by sales agents sponsored by the broker. A SALES AGET must be supervised by a broker to perform any services and works with clients on behalf of the broker.. A BROKER S MIIMUM 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 informa on about the property or transac on received by the broker; Answer the client s ques ons and present any o er to or counter-o er from the client; and Treat all par es to a real estate transac on honestly and fairly. A LICESE HOLDER CA REPRESET A PARTY I A REAL ESTATE TRASACTIO: AS AGET OR SUBAGET FOR OWER (SELLER/LADLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri en lis ng to sell or property management agreement. A subagent represents the owner, not the buyer, through an agreement with the owner s broker. An owner's agent must perform the broker s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent or subagent by the buyer or buyer s agent. AS AGET FOR BUYER/TEAT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri en representa on agreement. A buyer's agent must perform the broker s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller s agent. AS AGET FOR BOTH - ITERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the wri en agreement of to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary: Must treat all par es to the transac on impar ally and fairly; May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. Must not, unless speci cally authorized in wri ng to do so by the party, disclose: that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con den al informa on or any other informa on that a party speci cally instructs the broker in wri ng not to disclose, unless required to do so by law. TO AVOID DISPUTES, ALL AGREEMETS BETWEE YOU AD A BROKER SHOULD BE I WRITIG AD CLEARLY ESTABLISH: The broker s du es and responsibili es to you, and your obliga ons under the representa on agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICESE HOLDER COTACT IFORMATIO: This no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker s services. Please acknowledge receipt of this no ce below and retain a copy for your records. ame License e-mail Phone The Woodmont Company 302455 contact@woodmont.com (817) 732-4000 Buyer/Tenant/Seller/Landlord Initials Date Regulated by the Texas Real Estate Commission Informa on available at www.trec.texas.gov IABS 1-0