What type of form is the Information About Brokerage Services (IABS)?

The Information About Brokerage Services (IABS) form is categorized as a voluntary form. In Texas, the Real Estate License Act requires that brokers and sales agents provide potential clients with certain information regarding brokerage services, but they are not mandated to use the IABS form. Instead, they have the option to provide this information in a format of their choice as long as it meets the statutory requirements.

Using the IABS form is beneficial as it helps ensure that clients are fully informed about the nature of the brokerage relationship and the services being offered. However, since adherence to using this particular form is not legally required, it remains voluntary for real estate professionals to utilize it in their transactions. This distinction promotes flexibility in how real estate agents communicate their services while still adhering to transparency and disclosure obligations.