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When do you not have to provide the IABS form?

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10/28/2016 | Author: Editorial Staff

Are there any exceptions for providing the Information About Brokerage Services form?

Yes. A license holder is not required to provide the notice if any of these situations applies:

  • The proposed transaction is for a residential lease of less than one year and a sale is not being considered
  • The license holder meets with a party who the license holder knows is represented by another license holder
  • The communication occurs during an open house for any prospective buyer or tenant and the communication concerns that specific property.

For answers to more questions about disclosing agency and providing information about brokerage services, check out the September/October Texas REALTOR® magazine.

Categories: Legal
Tags: legal faq, legal, forms, iabs, information about brokerage services, agency

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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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