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Texas · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 TexasTexas does not use traditional dual agency; instead, when one brokerage represents both the buyer and the seller in the same transaction, the broker acts as an intermediary. Acting as an intermediary requires the written consent of both parties, typically obtained in the listing and buyer representation agreements. The broker may appoint different associated license holders to communicate with and advise each party, and the intermediary must treat both parties fairly and may not favor one over the other.
Yes. State License Law is a scored domain on the Texas real estate licensing exam, and this topic appears in the state license-law portion.
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Texas applies its own license law on top of the national portion. This page covers the Texas rules specifically, which is what the state section of your exam tests.