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About Tar 1501

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Video instructions and help with filling out and completing Tar 1501

Instructions and Help about Tar 1501

Texas real estate commission buyers representation agreement so one quick note on that this agreement is the same for buyers and a tenant so whether you're representing a buyer in the purchase of a home or you're representing the tenant in a lease of a home this is the same form that you're going to use so jumping right in here number one paragraph one parties to the contract uh parties to the agreement are so your clients obviously uh whoever you're gonna be representing for this uh deal just make sure all their names are included um so uh spouses roommates whatever the case may be i've seen up to i think four people on one agreement is the most i've done basically it was uh four people looking to purchase an investment property together so i was representing all four of them collectively essentially make sure all the parties are included address demographic information one part that has a little bit of confusion sometimes is the paragraph here this broker section so basically parties to this agreement are the client and the broker so technically they are not um in an agreement with you as the agent but with the broker that's sponsoring your license so as such you're going to want to put your broker's information and not your information so in my case this would be exp realty so exp realty is a broker and then john and jane doe would be the clients and this agreement is collectively between those two parties um so you're essentially acting as the broker's representative for this deal by representing those clients but legally speaking the the agreement is actually between the broker not you so essentially appointments clients uh grant broker the exclusive right to act as clients...