Which parties are subject to the IABS requirement?

The IABS, or Information About Brokerage Services, requirement is designed to inform consumers about the role of real estate license holders in a transaction. This requirement is applicable to all consumers involved in a real estate transaction, regardless of whether they are buyers, sellers, or participating in commercial transactions. The goal of the IABS is to provide transparency regarding the brokerage services and to help consumers understand their rights and the duties of the brokerage.

By ensuring that all consumers receive this information, the Texas Real Estate Commission promotes informed decision-making and fosters trust in real estate transactions. Thus, the correct answer encompasses every party involved in a transaction rather than limiting the requirement to sellers, home buyers, or only commercial clients. This comprehensive approach reflects the importance of fair and open communication in the real estate process, benefiting all stakeholders.