How can buyer representation be established according to the TAR agreement?

Prepare for the TREC Law of Agency Exam. Study with multiple-choice questions and detailed explanations. Get confident for your test!

Buyer representation according to the Texas Association of Realtors (TAR) agreement can be established either in writing or orally. This flexibility allows for various situations in which a buyer may decide to engage a real estate professional. The option for oral agreements can facilitate quick arrangements, especially when immediate decisions are necessary, while written agreements provide a clear and enforceable framework for the representation relationship. This dual approach accommodates different preferences and circumstances among buyers and agents, ensuring that buyers can effectively engage with real estate services in a manner that suits them.

Implied consent, while a concept in agency relationships, is not explicitly recognized as an established method for formalizing buyer representation under TAR agreements. A written document often solidifies understanding and helps prevent misunderstandings. However, the key takeaway is that both oral and written methods are valid and recognized in establishing buyer representation, emphasizing the importance of clarity and mutual acknowledgment in real estate transactions.

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