Texas § OC.1101.559 - BROKER ACTING AS INTERMEDIARY
Full text of Texas The Texas Constitution § OC.1101.559 — BROKER ACTING AS INTERMEDIARY, with citation guidance and answers to common questions.
§ OC.1101.559. BROKER ACTING AS INTERMEDIARY
BROKER ACTING AS INTERMEDIARY. (a) A broker may act as an intermediary between parties to a real estate transaction if: (1) the broker obtains written consent from each party for the broker to act as an intermediary in the transaction; and (2) the written consent of the parties states the source of any expected compensation to the broker. (b) A written listing agreement to represent a seller or landlord or a written agreement to represent a buyer or tenant that authorizes a broker to act as an intermediary in a real estate transaction is sufficient to establish written consent of the party to the transaction if the written agreement specifies in conspicuous bold or underlined print the conduct that is prohibited under Section 1101.651 (d). (c) An intermediary shall act fairly and impartially. Appointment by a broker acting as an intermediary of an associated license holder under Section 1101.560 to communicate with, carry out the instructions of, and provide opinions and advice to the parties to whom that associated license holder is appointed is a fair and impartial act. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Frequently Asked Questions About Texas § OC.1101.559
What does The Texas Constitution § OC.1101.559 cover?
Section OC.1101.559 ("BROKER ACTING AS INTERMEDIARY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § OC.1101.559?
A common citation format is "The Texas Constitution § OC.1101.559" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § OC.1101.559 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.