A Texas broker has a signed listing agreement with Seller A and a buyer representation agreement with Buyer B. Both A and B want the broker to handle the same property. To legally proceed as an intermediary, what is the FIRST required step?
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AObtain written consent from both A and B to act as intermediary
BDesignate a separate sales agent for each party before any disclosure
CNotify TREC in writing within 10 days of the dual representation
DFile a conflict-of-interest form with the MLS
✓ Correct answer: A. Obtain written consent from both A and B to act as intermediaryBefore acting as an intermediary, the broker must obtain written consent from BOTH clients. Only after that consent is secured can the broker optionally appoint designated agents.
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