Section 1101.558 - Representation Disclosure(a) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1158 , Sec. 92, eff. January 1, 2016.(b) A license holder who represents a party in a proposed real estate transaction shall disclose, orally or in writing, that representation at the time of the license holder's first contact with: (1) another party to the transaction; or(2) another license holder who represents another party to the transaction.(b-1) At the time of a license holder's first substantive communication with a party relating to a proposed transaction regarding specific real property, the license holder shall provide to the party written notice in at least a 10-point font that: (1) describes the ways in which a broker can represent a party to a real estate transaction, including as an intermediary;(2) describes the basic duties and obligations a broker has to a party to a real estate transaction that the broker represents; and(3) provides the name, license number, and contact information for the license holder and the license holder's supervisor and broker, if applicable.(b-2) The commission by rule shall prescribe the text of the notice required under Subsections (b-1)(1) and (2) and establish the methods by which a license holder shall provide the notice.(c) A license holder is not required to provide the notice required by Subsection (b-1) if: (1) the proposed transaction is for a residential lease for less than one year and a sale is not being considered;(2) the license holder meets with a party who the license holder knows is represented by another license holder; or(3) the communication occurs at a property that is held open for any prospective buyer or tenant and the communication concerns that property.(d) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1158 , Sec. 92, eff. January 1, 2016.(e) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1158 , Sec. 92, eff. January 1, 2016.Tex. Occ. Code § 1101.558
Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1158,Sec. 92, eff. 1/1/2016.Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1158,Sec. 58, eff. 1/1/2016.Amended by Acts 2003, 78th Leg., ch. 15, Sec. 7, eff. 9/1/2003.Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. 6/1/2003.