an advertisement cannot in any way imply that a sales agent is the person responsible for the operation of a real estate brokerage. a license holder shall not use the license holder’s expertise to the disadvantage of a person with whom the license holder deals. if the license holder is an agent of the buyer, the license holder owes a fiduciary duty to the buyer. a sales agent may not accept compensation for a real estate transaction from anyone other than the broker the sales agent was associated with at the time the commission was earned and may not pay a commission to a person except through the sales agent’s sponsoring broker. a name used in advertising by an associated broker that is not the associated broker’s licensed name must be registered as a team name by the broker he or she is associated with and meet all the requirements for a team name. [trela §1101.002] further to receive or maintain a license, a business entity must designate an individual holding an active texas real estate broker license, in good standing, who is an officer, manager, or general partner of the entity to act for it. [rule 535.155(b)(1)]  a broker is not required to directly supervise sponsored sales agents; this responsibility may be delegated to another person with the required level of experience and expertise to provide proper supervision under the law.

the addendum must be signed by both buyer and seller to become in effect. property disclosure statement – required in most states to be issued to the buyer at the time an offer is made or thereafter. an addendum is added either as a disclosure to inform the buyer of an actual or potential issue on the premises. the buyer and seller should get a copy of the original purchase agreement. for the addendum to be made part of the original purchase agreement, it will need to be signed by both buyer and seller. upon properly-being executed and acceptance is made, the addendum will be attached and should be followed as if it was written in the original agreement. the calendar date when this document is completed can be used as a common reference point by concerned parties referring to it. the buyer participating in the original purchase agreement, and must agree to this addendum, requires identification.