Information About Brokerage Services

Texas law requires all real estate license holders to give the following informa on about brokerage services to prospec ve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:

  •   A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.

  •   A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

    A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

  •   Put the interests of the client above all others, including the broker’s own interests;

  •   Inform the client of any material informa on about the property or transac on received by the broker;

  •   Answer the client’s ques ons and present any o er to or counter-o er from the client; and

  •   Treat all par es to a real estate transac on honestly and fairly.

    A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

    AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum du es above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

    AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any material informa on about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

    AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the written agreement of each party to the transac on. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:

  •   Must treat all par es to the transaction impartially and fairly;

  •   May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

  •   Must not, unless specifically authorized in writing to do so by the party, disclose:

    • ᴑ  that the owner will accept a price less than the written asking price;

    • ᴑ  that the buyer/tenant will pay a price greater than the price submitted in a written offer; and

    • ᴑ  any confidential informa on or any other informa on that a party speci cally instructs the broker in wri ng not to disclose, unless required to do so by law.

      AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.

      TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:

  •   The broker’s duties and responsibilities to you, and your obligations under the representation agreement.

  •   Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

    LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

OmniKey Realty LLC, Licensed Broker /Broker Firm Name or Primary Assumed Business Name

0560726, License Number

Info@OmniKeyDFW.com, E-Mail

Phone: (972) 480-8280

Michael Slaughter, Designated Broker of Firm

0554015, License Number

MSlaughter@OmniKeyDFW.com, E-Mail

Phone: (972) 480-8280

Michael Slaughter, Licensed Supervisor of Sales Agent/ Associate

0554015, License Number

MSlaughter@OmniKeyDFW.com, E-Mail

Phone: (972) 480-8280



Regulated by the Texas Real Estate Commission

Information available at www.trec.texas.gov

IABS 1-

OmniKey Realty LLC
OmniKey Realty LLC
(833) 666-4539