Sec. 1101.560. ASSOCIATED LICENSE HOLDER ACTING AS INTERMEDIARY. (a) A broker who complies with the written consent requirements of Section 1101.559 may appoint:
(1) a license holder associated with the broker to communicate with and carry out instructions of one party to a real estate transaction; and
(2) another license holder associated with the broker to communicate with and carry out instructions of any other party to the transaction.
(b) A license holder may be appointed under this section only if:
(1) the written consent of the parties under Section 1101.559 authorizes the broker to make the appointment; and
(2) the broker provides written notice of the appointment to all parties involved in the real estate transaction.
(c) A license holder appointed under this section may provide opinions and advice during negotiations to the party to whom the license holder is appointed.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Practices and Professions Related to Real Property and Housing
Subtitle A - Professions Related to Real Estate
Chapter 1101 - Real Estate Brokers and Sales Agents
Subchapter L. Practice by License Holder
Section 1101.552. Fixed Office Required; Change of Address
Section 1101.553. Display of License
Section 1101.554. Copy of Sales Agent License
Section 1101.555. Notice to Buyer Regarding Abstract or Title Policy
Section 1101.556. Disclosure of Certain Information Relating to Occupants
Section 1101.557. Acting as Agent; Regulation of Certain Transactions
Section 1101.558. Representation Disclosure
Section 1101.559. Broker Acting as Intermediary
Section 1101.560. Associated License Holder Acting as Intermediary