Can a broker give advice or opinions to either party in a real estate transaction?

In a real estate transaction, brokers are limited to providing factual information about the properties they represent, rather than advice or opinions about the transaction. This means that a broker can disclose details such as property specifications, market conditions, and any material facts relevant to the property but should refrain from giving personal opinions that could influence either party's decision-making.

Offering opinions can blur the lines of their fiduciary responsibilities and may lead to conflicts of interest, especially if the broker represents one party and might inadvertently bias the negotiation towards that party. Thus, maintaining a position of neutrality is crucial in ensuring that all parties feel they are being treated fairly and that the transaction is handled in accordance with Texas laws and regulations.