• Home
    • FAQ's >
      • Sponsorship Broker Blog
    • About Us >
      • Contact Us
    • Consumer Notice
  • Blog
  • LLC Sponsorship
    • LLC Sign Up
    • Out of State Brokers
    • Owner Recommendations
    • Cost Breakdown
    • LLC Formation Tips
    • Join a Brokerage/Add Agent
    • Entity Portal
  • Agents>Join Now
    • MLS & Realtor Board Membership
    • Get Licensed in Texas >
      • Texas FAQs >
        • Helpful Links
    • Licensing Process
    • Broker Fee Pricing
    • Agent Recommendations
    • Agent Sponsorship Forms
  • DBA Sponsorship
    • DBA - Add a Team Member
  • Agent Benefits
    • TBS Training Portal
    • Request a CMA
    • Agent Area Portal
    • File/Doc Upload
    • Lease & Referral Doc Upload
  • Apartment Locator Sponsor
  • Payment
  We are the "ORIGINAL" TEXAS BROKER SPONSOR.com® - NO MONTHLY FEES - Get Sponsored from $199yr. - LLC BROKER SPONSORSHIP from $299.00 Monthly. The Real Estate Broker Builder™
  • Home
    • FAQ's >
      • Sponsorship Broker Blog
    • About Us >
      • Contact Us
    • Consumer Notice
  • Blog
  • LLC Sponsorship
    • LLC Sign Up
    • Out of State Brokers
    • Owner Recommendations
    • Cost Breakdown
    • LLC Formation Tips
    • Join a Brokerage/Add Agent
    • Entity Portal
  • Agents>Join Now
    • MLS & Realtor Board Membership
    • Get Licensed in Texas >
      • Texas FAQs >
        • Helpful Links
    • Licensing Process
    • Broker Fee Pricing
    • Agent Recommendations
    • Agent Sponsorship Forms
  • DBA Sponsorship
    • DBA - Add a Team Member
  • Agent Benefits
    • TBS Training Portal
    • Request a CMA
    • Agent Area Portal
    • File/Doc Upload
    • Lease & Referral Doc Upload
  • Apartment Locator Sponsor
  • Payment

Sponsorship Broker Blog

Minimum Level of Service

9/12/2017

0 Comments

 
Picture
It has come to our attention that some listings being inputted into the system are "Limited Service Agreements".  We have no problem with these listings as they are needed for comp purposes and are being designated as one.  But please be aware that as licensed real estate agents in the state of TEXAS you do have the responsibility to be in compliance with the Real Estate License Act, which in brevity states the following in accordance with TAR attorney's:

The Real Estate License Act contains provisions that impose requirements on all agents regarding client communications and negotiations. At a minimum, an agent must ...
  1. inform his client if he receives material information related to the transaction
  2. answer his client’s questions
  3. present any offer to or from his client.
 
These duties exist regardless of the agreed-upon compensation payable to the broker. An agent cannot avoid these requirements by removing himself from negotiations. The minimum-services provisions also prohibit a seller’s agent from instructing a buyer’s agent to negotiate directly with the represented seller. Likewise, a buyer’s agent is prohibited from instructing a seller’s agent to negotiate directly with the represented buyer. 

There are certain circumstances in which an agent may deliver an offer to a represented party without violating the Real Estate License Act, but the agent must have the other broker’s consent to the delivery and send him a copy of the offer. At no time may the agent cross the boundary into negotiations with the represented party. 

If the seller’s broker isn’t fulfilling the minimum duties required of him, there’s not much you can do in the short-term. You have a fiduciary duty to look after your client’s best interests; however, you may not interfere with the other broker’s agency relationship or do anything to prevent the transaction from closing. Continue to make every effort to contact the seller’s broker to discuss your concerns, and keep a record of your communications with him.

If you believe the seller’s broker violated any rules or the REALTOR® Code of Ethics, you may take steps to file a complaint with the Texas Real Estate Commission or the Texas Association of REALTORS®.

If you believe that you deserve an additional fee, you may seek compensation through arbitration or other legally available means after the transaction closes.

At TexasBrokerSponsor.com we are always searching for ways to bring value to our clients, agents, and business entity brokerages. If you are looking for a new broker to sponsor you or your LLC Brokerage please visit us at TexasBrokerSponsor.com to get started. 

Sincerely, 

Ron L. Miranda, Broker/Owner
TexasBrokerSponsor.com

0 Comments
    View my profile on LinkedIn

    Who:

    Located in San Antonio, Texas we provide Texas Real Estate Professionals the Best Broker Sponsorship solution.  Keep more of what you earn.
    ​Join us today.

    Archives

    December 2022
    March 2020
    February 2020
    September 2018
    December 2017
    September 2017
    March 2017
    December 2016
    November 2016
    October 2016
    August 2016
    April 2016
    February 2016
    March 2013
    September 2012

    Categories

    All

    RSS Feed

Copyright © 2019 Texas Broker Sponsor.com® is a subsidiary company of The Miramas Group, LLC. All Rights Reserved. Texas Broker Sponsor.com®are registered trademarks owned by The Miramas Group, LLC, which fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Unauthorized copying, distribution and/or use will result in litigation. We are fully compliant with current Texas state law and real estate commission rules.  Copyright © 2012-2019. All Rights Reserved. Unauthorized copying, distribution and/or use in whole or in part will result in immediate litigation. All information is subject to change and should be independently verified. This website is for real estate professionals only.  Pricing V. 1.1.19
Trademark & Copyright Disclosure Notice
  • Home
    • FAQ's >
      • Sponsorship Broker Blog
    • About Us >
      • Contact Us
    • Consumer Notice
  • Blog
  • LLC Sponsorship
    • LLC Sign Up
    • Out of State Brokers
    • Owner Recommendations
    • Cost Breakdown
    • LLC Formation Tips
    • Join a Brokerage/Add Agent
    • Entity Portal
  • Agents>Join Now
    • MLS & Realtor Board Membership
    • Get Licensed in Texas >
      • Texas FAQs >
        • Helpful Links
    • Licensing Process
    • Broker Fee Pricing
    • Agent Recommendations
    • Agent Sponsorship Forms
  • DBA Sponsorship
    • DBA - Add a Team Member
  • Agent Benefits
    • TBS Training Portal
    • Request a CMA
    • Agent Area Portal
    • File/Doc Upload
    • Lease & Referral Doc Upload
  • Apartment Locator Sponsor
  • Payment