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Old 09-18-2011, 09:04 AM
 
Location: USA
646 posts, read 1,156,942 times
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Just a quick question: we're looking to buy a house in the Austin area, and wondered whether in Texas (Austin, specifically), realtors nd real estate agents can represent both seller and buyer. Any input into this, or some direction as to where to find the answer?
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Old 09-18-2011, 09:11 AM
 
Location: Where I live.
9,191 posts, read 21,876,431 times
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Quote:
Originally Posted by DianeV View Post
Just a quick question: we're looking to buy a house in the Austin area, and wondered whether in Texas (Austin, specifically), realtors nd real estate agents can represent both seller and buyer. Any input into this, or some direction as to where to find the answer?
Yes. Licensed agents/Realtors can represent both parties.

It must be disclosed, acknowledged and approved by all parties to the transaction.
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Old 09-18-2011, 09:20 AM
 
Location: USA
646 posts, read 1,156,942 times
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Thanks, Cathy. Much appreciated.
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Old 09-18-2011, 09:29 AM
 
Location: Where I live.
9,191 posts, read 21,876,431 times
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Quote:
Originally Posted by DianeV View Post
Thanks, Cathy. Much appreciated.
You're quite welcome....good luck in your househunting!
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Old 09-18-2011, 11:57 AM
 
Location: Central Texas
20,958 posts, read 45,404,950 times
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Here's a link to Information on Brokerage Services, promulgated by the Texas Real Estate Commission, information that is required to be presented upon first substantive meeting by EVERY real estate agent in Texas. (The information, not the form, is required to be presented, though a wise and cautious agent uses the form and gets receipt of the information signed off on by the customer.) It spells out how brokerage works in Texas, what it means to buyer and seller, who represents who under what circumstances, and what Intermediary means. Intermediary would be where the broker has a listing agreement with the seller and a buyer's rep agreement with the buyer and the transaction is between those two parties. It's not the same level of representation as the same two parties would receive if they were not both represented by the same broker, for reasons that are no doubt obvious.
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Old 09-18-2011, 11:59 AM
 
Location: USA
646 posts, read 1,156,942 times
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Thanks, TexasHorseLady. I'll have a look at it.
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Old 09-18-2011, 02:25 PM
 
Location: Austin, TX
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You should get your own agent to represent you. There is potentially a huge conflict of interest when one agent represents both the buyer and seller.
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Old 09-18-2011, 02:29 PM
 
Location: USA
646 posts, read 1,156,942 times
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Thanks, CptnRn. That's what we'd planned to do in any case, but I wanted to make sure what the legalities might be.
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Old 09-18-2011, 03:50 PM
 
Location: Katy, TX
11 posts, read 30,497 times
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It is possible for the real estate agent to represent both the buyer and seller. He will get paid twice as much too. Wish it was me
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Old 09-18-2011, 05:15 PM
 
Location: Central Texas
20,958 posts, read 45,404,950 times
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Quote:
Originally Posted by Frankie2011 View Post
It is possible for the real estate agent to represent both the buyer and seller. He will get paid twice as much too. Wish it was me
And does twice the work and takes on twice the liability. Which is why a lot of agents won't do it.
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