In the state of Texas, Realtors® have to keep information on their clients confidential—with very few exceptions.
The duties we, as Realtors, have include:
- Reasonable care and diligence
One of the most important is confidentiality. When you entrust your information to a Realtor, you need to know that it’s safe and that you’re in good hands.
Confidentiality in Texas Real Estate Transactions
We’re obligated to safeguard your lawful confidences and secrets. We can’t disclose information that will compromise your bargaining position. For example, if we know that you, as a buyer, will pay more for a property than you’ve offered to pay, we can’t tell the seller.
As a Seller’s Agent
We must tell the seller everything we can find out about potential buyers, including whatever financial details we can obtain. We have to conceal everything about you, the seller, that would help the buyer gain an advantage (such as an impending foreclosure, the fact that you need to move in a hurry, or that you want to sell to settle a divorce).
As a Buyer’s Agent
We must keep all information about you, the buyer, confidential. We can’t tell the seller about your ability or willingness to pay more for the property, nor can we tell them about your motivation for buying.
Do You Have Questions About What Realtors Do?
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