Legal & Disclosures
Information About Brokerage Services
Last Updated: August 2026
Texas Real Estate Commission (TREC) Disclosure
This page is a general summary and does not replace a completed Information About Brokerage Services form. Contact Colby Lilley at colby@colbylilley.com or (281) 659-3480 to request her current brokerage disclosure.
Types of Representation
In Texas, a real estate broker may represent a client as an agent. There are different types of agency relationships: • Agent for the Seller (Seller's Agent): Represents the seller in the transaction. • Agent for the Buyer (Buyer's Agent): Represents the buyer in the transaction. • Agent for Both (Intermediary): A broker may represent both parties in a transaction with their written consent.
Duties of an Agent
If the broker represents you as an agent, the broker has the following duties: • To loyalty and good faith • To use reasonable skill and care • To disclose all material facts related to the property • To maintain your confidential information • To account for all money and property received
Intermediary Relationships
When a broker represents both the buyer and seller as an intermediary, the broker must obtain written consent from both parties and treat both parties honestly. The intermediary may appoint associated licensees to provide advice and opinions to each party.
TREC Information
For the full Information About Brokerage Services form, visit the Texas Real Estate Commission website at www.trec.texas.gov or request a copy from Colby Lilley.
This content is provided for informational purposes and is subject to legal review. Final legal language should be reviewed and approved by a licensed Texas real estate attorney. For specific questions, contact Colby Lilley directly.