BrokerageIndustry News

Texas rule would alter some discount brokerage models

Opponents expect FTC comments
Published on Feb 22, 2005

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by CareyBot

Members of the Texas Real Estate Commission voted this week to propose a state rule that would change the way some discount brokers do business in the state.

Under the proposed rule, real estate brokers would be forced to accept and present offers and counteroffers to buy, sell or lease property on behalf of their clients; assist clients in developing, communicating, and presenting offers, counteroffers and related notices; and answer their clients' questions relating to offers, counteroffers and notices.

Opponents of the rule argue these minimum-service requirements would a ...

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