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TXR 1507 — Residential Buyer/Tenant Representation Agreement - Short Form

This is a streamlined, one-page buyer/tenant representation agreement that establishes an exclusive agency relationship between a client and a broker for the purpose of acquiring residential property in Texas. It covers the essential terms -- parties, appointment, definitions, term, broker obligatio

Source: TXR
Form Number: 1507
Category: Other
Revised: June 24, 2024

Used For

Residential Sales, Residential Leases

Form Outline

The TXR 1507 form is organized into the following sections:

  1. PARTIES
    Identifies the Client (buyer or tenant) and the Broker who are entering into this representation agreement.
  2. APPOINTMENT
    Formally appoints the Broker as the Client's real estate agent, establishing the agency relationship.
  3. DEFINITIONS
    Defines two key terms: 'acquire' (purchase or lease) and 'market area' (the geographic area in Texas where the broker will represent the client).
  4. TERM
    Sets the start and end dates for the representation agreement. The agreement automatically expires at 11:59 p.m. on the end date.
  5. BROKER OBLIGATIONS
    Defines the broker's obligations and offers two service levels: Full Services (best-efforts representation) or Showing Services (property access only for a flat fee). Under Showing Services, the client obligations, compensation, and intermediary paragraphs do not apply.
  6. CLIENT OBLIGATIONS
    Establishes the client's exclusive obligations: work only through this broker in the market area and inform all other parties that this broker is their exclusive representative.
  7. BROKER COMPENSATION
    Details the broker's compensation structure including: fee amounts for purchases and leases, when fees are earned (contract execution) vs. payable (closing or client breach), the source of payment (seller/landlord contributions credited toward client obligation), and escrow authorization for fee collection.
  8. INTERMEDIARY
    Addresses whether the client authorizes the broker to act as an intermediary when the client wants to acquire one of the broker's own listings. Includes the required statutory disclosures about intermediary duties and restrictions on confidential information.
  9. Compensation Disclosures and Legal Notices
    Contains required legal disclosures: compensation is negotiable and not set by any association, broker cannot exceed stated compensation from any source, the agreement is legally binding, attorney consultation is recommended, and electronic signatures are authorized.
  10. Signatures
    Signature block for the broker (or broker's associate), with license numbers, and up to two clients with their signatures and dates.

How RaiderX Agents Use This Form

When you upload a signed TXR 1507 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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