Brokerage Services
Texas law requires all brokers and sales agents to provide written notice regarding information about brokerage services at the first substantive communication with prospective buyers, tenants, sellers, and landlords?concerning specific real property.? The Information About Brokerage Services?form?(or the IABS) is the required method to provide that information to those parties.? Please see our information below:
Information About Brokerage Services
Important Update on Agreement Between Brokers for Residential Leases: Changes to Commissions and Referrals
We would like to inform our valued clients and partners of the recent changes, which may affect how commissions and referrals are presented and processed moving forward.
These updates are designed to bring more clarity and transparency to the way commission structures are outlined between brokers. Going forward, you can expect clearer terms regarding commission splits, the calculation of referral fees, and how these amounts are presented in leasing agreements.
Here's what you need to know:
Commission Structure: The agreement below provides more detailed guidance on how commission rates are calculated and allocated between leasing brokers.
Referral Fees: Referral agreements have been refined to ensure that the terms are fully transparent and agreed upon by all parties before a transaction is finalized.
Presentation of Commissions: All commission and referral amounts will now be more clearly presented upfront in the lease agreements to avoid any confusion for clients and brokers.
Please see and use the Agreement Below:
Agreement Between Brokers for Residential Leases
We are committed to ensuring a smooth transition to these new guidelines and remain available to answer any questions you may have about how these changes might affect your transactions.
If you have any inquiries or need further clarification on these updates, please don't hesitate to contact us directly. We are here to help make the process as seamless as possible.
Thank you for your continued trust and partnership.