Which disclosure must a Texas real estate agent provide to all parties?
Question & Answer
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Information About Brokerage Services (IABS)
Transfer Disclosure Statement
The Transfer Disclosure Statement relates to property conditions and defects, not agency relationships. It's required for residential properties but doesn't address agency representation between agents and clients.
Lead-Based Paint Disclosure
Lead-Based Paint Disclosure is federally mandated for properties built before 1978 and addresses environmental hazards, not agency relationships. It's not required for all transactions in Texas.
Agency Confirmation Statement
Agency Confirmation Statement is provided after establishing an agency relationship, not at first contact. It confirms the specific agency arrangement but isn't the initial disclosure required by Texas.
Why is this correct?
Texas requires agents to provide the Information About Brokerage Services (IABS) form at first substantive contact.
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