Sec. 1101.561. DUTIES OF INTERMEDIARY PREVAIL. (a) The duties of a license holder acting as an intermediary under this subchapter supersede the duties of a license holder established under any other law, including common law.
(b) A broker must agree to act as an intermediary under this subchapter if the broker agrees to represent in a transaction:
(1) a buyer or tenant; and
(2) a seller or landlord.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 825 (S.B. 810), Sec. 8, eff. September 1, 2005.
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