Know what the IABS is? Texas law requires all brokers and sales agents to provide written notice regarding information about brokerage services, at the first substantive communication with prospective buyers, tenants, sellers, and landlords concerning specific real property.
It helps you understand the roles of all agents and brokers of what they play into a Real Estate Transaction, it includes the contact information of all the parties involved in case you need to reach some one other than your agent or broker.
It provides the types of Real Estate License holders, the duties of each and the type of representation or agency, you will be receiving.
It also establishes the way the agreements should be, which is in writing.
By Clicking here you will be redirected to the Texas Real Estate Commission website, for an official explanation of what the Information About Brokerage Services (IABS) is.