Definitions

Sec. 1101.551. DEFINITIONS. In this subchapter: (1) "Intermediary" means a broker who is employed to negotiate a transaction between the parties to a transaction and for that purpose may act as an agent of the parties. (2) "Party" means a prospective buyer, seller, landlord, or tenant or an authorized representative of a buyer, seller, landlord, or tenant, including a trustee, guardian, executor, administrator, receiver, or attorney-in-fact. The term does not include a license holder who represents a party. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.