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What is Information About Brokerage Services (IABS)?
The Information About Brokerage Services (IABS) is a required disclosure form in Texas real estate. It's not a contract -- it's simply a form that explains how real estate agency relationships work and helps you, the consumer, understand who represents whom in a transaction.
Why It Matters to You
Why It Matters to You
Before you share confidential information, it's important to know whether the agent you're speaking to represents your interests or someone else's. The IABS lays this out in writing, so there is no confusion.
Types of Representation
Types of Representation
Seller's Agent (Listing Agent): Represents the seller's best interests.
Buyer's Agent: Represents the buyer's best interests.
Landlord/Tenant Agent: Helps with lease transactions on either side.
Intermediary: When one brokerage represents both the buyer and the seller in the same transaction, the broker may act as a neutral party.
What You're Signing
What You're Signing
You're not committing to anything by reviewing or receiving the IABS form. It's simply a state-mandated document that every licensed real estate agent in Texas must provide at the first substantive conversation about real estate.
Quick Facts
Quick Facts
Required by TREC (Texas Real Estate Commission)
Promotes transparency and trust
Not a contract or agreement
Protects both consumers and agents
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