In other areas of the country, there are buyers agents and sellers agents and the relationship is defined at the onset. Is that the case in TX?

Asked by Landrovah, Houston, TX Sun Dec 22, 2013

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7
Annette Law…, Agent, Palm Harbor, FL
Sat Jan 4, 2014
" if my agent brings in their own buyer. They may be incentivized to take their buyers' offer if they get both the buy and sell side commission."
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Land in Dallas,
Don't you think this is a conversation to have with your agent and not with strangers on the internet?
When their is a lack of TRUST, it portends difficulties ahead.
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You can TRUST this.
No agent wants to work with a buyer or seller who trusts no one.
Have this conversation with your agent and the solution will be presented along with a crystal clear solution. It only becomes difficult when their is a lack of honesty and transparency.
0 votes
Michael Brow…, Agent, Allen, TX
Sat Jan 4, 2014
In Texas, an agent is an agent, is an agent, which means licensed Texas real estate salespersons are authorized to work with buyers and sellers. Licensed Texas real estate salespersons are required to identify themselves as a real estate agent for the broker who supervises them.

In regards to your question, if a home is listed by a broker, the listing agent must identify themselves as such and if it is an agent representing a buyer, they must identify themselves as such. So, the answer to your question is "yes."
0 votes
Susie Kay, Agent, Dallas, TX
Sun Dec 29, 2013
Hi Landrovah,

I saw your questions and your comment about your agent having her/his own buyer while representing you as the seller. You should definitely talk to your agent about your concern.

Here in Texas if the agent represents both the buyer and the seller there should be an intermediary form signed by both parties agreeing to it. It is up to you whether you want to sign it or not. Also your agent should disclose all offers on the table regardless who represents the buyer and you are the person who will determine which offer you'd accept. I always give advice to my clients but ultimately my clients are the one making the final decision.

Good luck! Please give me a thumbs up or choose best answer if this helps.

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0 votes
Kenneth "Ken…, Agent, Dallas, TX
Sat Dec 28, 2013
Yes, Bruce gave you the link to view the information. http://www.tcrdallas.com
0 votes
Bruce Lynn, Agent, Coppell, TX
Fri Dec 27, 2013
yes....you can read and should get this document the very first time you meet an agent in Texas in most circumstances.

https://www.trec.state.tx.us/pdf/contracts/op-k.pdf

Have the agent explain it to you.
If you have questions ask.

Basically we can represent buyer only, seller only, or both. If both, that is called intermediary. There are rules for intermediary and the agent should explain those to you.

I think it is less of a big deal than you imagine. You are in control of the sale. You can pick your price. You can listen to your agents advice, but in the end it is your decision not the agents. In the area I work, probably less than 10% of the sales involved the same large brokerage, and less than that are worked by the same agent. For example we have about 100 agents in our office. Our same sponsoring broker may be involved in the sale, but I could have your listing and one of the other agents in our firm is working with the buyer. There are agents I've never met in our office. So I am still going to tell you and ask you to sign off on intermediary. You don't have to allow it, but in this case I would represent you and the other agent I might not have met would represent the buyer. i would think this is the same in most brokerages....you would have to agree and be warned of any interest conflict if there is any and agree to it.

If it is a concern.....think of all your questions and quiz the agents at the listing appointment when you interview. See what makes you comfortable.
0 votes
Linda Fisher, Agent, Humble, TX
Mon Dec 23, 2013
Yes it is the same in Texas, as other areas
0 votes
Dallas Texas, Agent, Dallas, TN
Sun Dec 22, 2013
There are some agents who are both buyers / sellers agents. There are other agents who are either exclusive buyer or seller agents

I am both including working in residential leasing.



Contact my office Monday where I can further on your request if related to DFW area . Majority of my listings for 2013 SOLD within days posted in MLS
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0 votes
Thank you. My concern is avoiding conflict of interest if my agent brings in their own buyer. They may be incentivized to take their buyers' offer if they get both the buy and sell side commission. Even if there may be a higher bid out there ... As they'd make less with a slightly higher bid but splitting commission with another agent.
Flag Sun Dec 22, 2013
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