April 01, 2019

Callers often ask about circumstances when they don’t have to provide the Information About Brokerage Services (TXR 2501) form, which is required to be provided to a party at the time of the license holder’s first substantive communication with the party regarding specific real property. There are three exceptions to this rule: When the transaction is for a residential lease less than one year and no sale is considered When the broker or sales agent knows the other party is represented by a license holder When the communication occurs at an open house. Nolan Oldham, associate counsel