Duties of Intermediary Prevail

Sec. 1101.561. DUTIES OF INTERMEDIARY PREVAIL. (a) The duties of a license holder acting as an intermediary under this subchapter supersede the duties of a license holder established under any other law, including common law. (b) A broker must agree to act as an intermediary under this subchapter if the broker agrees to represent in a transaction: (1) a buyer or tenant; and (2) a seller or landlord. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 825 (S.B. 810), Sec. 8, eff. September 1, 2005.