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Texas Statutes (Last Updated: January 4, 2014) |
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OCCUPATIONS CODE |
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Title 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING |
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Subtitle A. PROFESSIONS RELATED TO REAL ESTATE |
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Chapter 1101. REAL ESTATE BROKERS AND SALESPERSONS |
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Subchapter L. PRACTICE BY LICENSE HOLDER |
Sec. 1101.560. ASSOCIATED LICENSE HOLDER ACTING AS INTERMEDIARY
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(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.