What is required for a broker to act as an intermediary between a buyer and seller?

For a broker to act as an intermediary between a buyer and seller, written consent from both parties is essential. This requirement is in place to ensure that all parties involved understand the broker's role and the nature of the intermediary relationship. The written consent serves as a formal agreement that acknowledges the broker's responsibility to facilitate communication and negotiations between the buyer and seller while maintaining impartiality.

This consent protects the interests of both the buyer and the seller by clearly outlining the expectations and duties of the broker, thus helping to prevent any potential conflicts of interest. It also helps to ensure compliance with Texas real estate regulations, which mandate that the intermediary relationship be disclosed and agreed upon in writing to promote transparency in the transaction process.