Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

What does the "Information About Brokerage Services" form provide?

1. Details about transaction fees

2. Written agency information required by TRELA

3. Regulations governing open houses

4. Policies for handling client complaints

The correct answer is: Written agency information required by TRELA

The "Information About Brokerage Services" form is specifically designed to fulfill the requirement set forth by the Texas Real Estate License Act (TRELA) that mandates licensed brokers and sales agents to provide written notice to prospective clients about their brokerage services. This form serves as a way to inform consumers regarding the nature of the agency relationship, the types of services provided, and the obligations of both the agent and the client. By ensuring that this information is presented in writing, it enhances transparency and helps clients make informed decisions about the representation they wish to have in real estate transactions. The inclusion of these essential details establishes a clear understanding of agency, which is vital in maintaining ethical standards and protecting both parties in a real estate contract. Other options, while relevant to various aspects of real estate practice, do not pertain specifically to the main function of the "Information About Brokerage Services" form. For example, transaction fees and regulations for open houses address different elements of real estate transactions, while policies for handling client complaints relate to operational procedures within a brokerage.