A Texas licensee working solely as a buyer's agent shows a property listed by another broker. Which statement about IABS delivery is correct?
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AOnly the listing broker must provide the IABS; buyer's agent is exempt
BThe IABS is not required if the buyer is already a client
CBoth the listing broker's agent and the buyer's agent must provide the IABS at first substantive contact
DThe IABS is only required for residential transactions over $100,000
✓ Correct answer: C. Both the listing broker's agent and the buyer's agent must provide the IABS at first substantive contactEvery licensee must provide the IABS at first substantive contact, regardless of which side they represent. There is no exemption for buyer's agents or existing clients.
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