Section 1101.551 - Definitions In this subchapter:
(1) "Intermediary" means a broker who is employed to negotiate a transaction between the parties to a transaction and for that purpose may act as an agent of the parties.(2) "Party" means a prospective buyer, seller, landlord, or tenant or an authorized representative of a buyer, seller, landlord, or tenant, including a trustee, guardian, executor, administrator, receiver, or attorney-in-fact. The term does not include a license holder who represents a party.Tex. Occ. Code § 1101.551
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. 6/1/2003.