Real Estate: Texas/Intermediary

Advertisement


Question
I'm placing a flat fee listing with a Realtor on a 4-plex that I have.  He asked me if I would give him permission to be an intermediary.  Should I let him?  I'm not sure what that means.  I know the word "intermediary" just not in RE terms.

Answer
In the initial meeting, the broker or salesperson should fully explain whom he or she will represent in the prospective transaction. If a broker proposes to represent each party as an intermediary, written consent from both buyer and seller must be given in order to act in that capacity. A licensee should provide you with the "Information About Brokerage Services" brochure.

Real Estate: Texas

All Answers


Answers by Expert:


Ask Experts

Volunteer


Own Realty Group

Expertise

Own Realty Group is a full service real estate brokerage representing buyers, sellers, tenants and investors of single family, and multi-family residential real estate.

Experience

Own Realty Group real estate professionals have over 20 years experience buying, selling, leasing and investing in real estate. Own Realty Group is also the investment management company for the Houston Real Estate Investors Network. Own Realty Group professionals host weekly seminars and workshops on buying, selling, leasing and investing. Since 2002 Own Realty Group professionals have completed thousands of transactions representing buyers, sellers, tenants and investors.

Organizations
National Association of Realtors, Texas Association of Realtors, Houston Association of Realtors, Real Estate Investors Network, REI Connect

Education/Credentials
Introduction to Commercial Real Estate, Real Estate Brokerage I, Real Estate Principles I & II, Avoiding Landmines in the Earnest Money Contract, Short Sales and Seller Financing, Generating Buyers by Marketing the New Stimulus Plan, What Realtors Should Know About Reverse Mortgages, Property Management I, Real Estate Marketing I, Marketing - Business Brokerage, Opportunities and Advantages of Residential Service Contract, Law of Agency, Law of Contracts, Inspections for Real Estate Agents, Understanding the Fundamentals of Loan Processing and Underwriting, Introduction to Real Estate Investing, Real Estate Investing Principles, Real Estate Investment Strategy, Investing in Real Estate with Lease Options, Investment Feasibility Analysis

©2016 About.com. All rights reserved.