Travis Texas Lease Provisions Relating to Brokers

State:
Multi-State
County:
Travis
Control #:
US-OL29A07
Format:
Word; 
PDF
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Description

This office lease provision states that the landlord and tenant each warrant and represent to the other party that there was no broker, finder or similar person, other than those listed, entitled to a commission, fee or other compensation, instrumental in consummating the lease. It also states that no conversations or prior negotiations were had by the landlord or tenant, respectively, or anyone acting on behalf of the landlord or the tenant, respectively, with any broker, finder or similar person, other than those listed, concerning the renting of the demised premises.

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FAQ

What is the Texas Real Estate License Act (TRELA)? The Texas Real Estate Act (TRELA) is state legislation that sets standards for how real estate agents conduct themselves in Texas. It resides in Title 7 Chapter 1101 of the Texas Occupations Code.

To be eligible to become a licensed agent in Texas, you must be a U.S. citizen or lawfully admitted alien, a Texas resident, and 18 years of age or older. You also have to meet the qualifications for honesty, trustworthiness, and integrity set by the Texas Real Estate Commission (TREC).

The Purpose of TRELA The state legislature of Texas passed the Texas Real Estate License Act to protect the public from brokers and sales agents who are dishonest. TRELA also: Establishes rules that license holders must follow that pertain to obtaining, and later maintaining, a real estate license.

A broker must advise a sales agent of the scope of the agent's authorized activities and ensure that the agent is competent to conduct those activities. TREC rules address two separate aspects of competency, subject matter and geographic.

What are licensees in Texas responsible for telling Buyers regarding quality of title? Licensees must advise buyers to obtain an attorney's opinion of title, based on an abstract, or a policy of title insurance.

OCCUPATIONS CODE CHAPTER 1101. REAL ESTATE BROKERS AND SALES AGENTS.

Yes, a broker is responsible for the authorized acts of the sponsored sales agent when engaging in brokerage activity.

According to the rule, license holders must: Be informed on the local market issues and conditions affecting real estate in the geographic area where a license holder provides services to a client. Be informed on national, state, and local issues and developments in the real estate industry.

Make sure to have suitable employment/independent contractor agreements in writing and signed by your workers to ensure copyright interests in the designs they create are the property of the company. Get your intellectual property attorney involved early.

Another fact that you need to know is that Texas is a dual-agency state2026 meaning that a real estate broker (such as Keller Williams Southwest) can represent both the Buyer (you) and the Seller (them) in a the same transaction.

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Travis Texas Lease Provisions Relating to Brokers