Disclosure

TXR 1417 — Representation Disclosure

This form fulfills the Texas legal requirement under Section 1101.558 of the Occupations Code that a real estate license holder who represents a party in a proposed transaction must disclose that representation at the first contact with another party to the transaction or with another license holder

Source: TXR
Form Number: 1417
Category: Disclosure
Revised: August 23, 2024

Used For

Residential Sales, RESIDENTIAL_LEASING, Commercial Sales, Farm & Ranch, Vacant Land

Form Outline

The TXR 1417 form is organized into the following sections:

  1. Property and License Holder Identification
    Header section identifying the property concerned, the broker or broker firm name with license number, and the broker's associate name with license number.
  2. A. Legal Requirement for Disclosure
    Cites Texas Occupations Code Section 1101.558, which requires a license holder representing a party in a proposed real estate transaction to disclose that representation, orally or in writing, at the license holder's first contact with another party to the transaction or another license holder representing another party.
  3. B. Broker Represents the Following Party
    The broker identifies which party they represent by checking one of four boxes — Seller, Landlord, Buyer, or Tenant — and writes that party's name on the line beside the box.
  4. C. Fiduciary Duty Statement
    Establishes that the license holder acting as agent is a fiduciary with the primary duty to represent client interests. While the license holder must treat other parties honestly and fairly, the duty to the client takes priority.
  5. Broker Compensation Notice
    A required notice that broker compensation and compensation sharing between brokers is not set by law, not fixed or controlled by any association, MLS, or listing service, and is fully negotiable. Brokers independently determine their fees.
  6. No Agency Relationship Acknowledgment and Signatures
    "The undersigned persons acknowledge there is no agency relationship with Broker as of the date of this disclosure." Two Printed Name lines and two "Signature … Date" rules for the acknowledging (non-represented) parties; the signature rules are e-sign tabs placed when the form is sent.

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TXR 1417 has a verified fill map in EZDocs: answer a guided form — with the parties, property, price and closing date already filled in from your deal — and RaiderX fills the official current revision of the PDF, places every signature, initial and date line, and sends it for e-signature. When the last party signs, the executed copy files itself into the deal.

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