Required Disclosures
Unrepresented Buyer Forms
Sometimes the person contacting us about a property we’ve listed isn’t represented by their own agent or attorney. In those situations, it’s important to be clear about our role and who we represent.
Texas law requires us to provide certain forms so everyone understands the relationship from the start. The two below — Information About Brokerage Services (IABS) and Notice to Prospective Customer — aren’t optional. They’re mandated for compliance, transparency, and legal protection. We also ask for one thing from you before we open the door, and that’s covered in the last section.
Form I
Information About Brokerage Services (IABS)
Purpose
The Texas Real Estate Commission requires all licensed real estate professionals to provide this document to prospective buyers, tenants, sellers, and landlords. It explains:
- The different types of real estate license holders — broker and sales agent
- The minimum duties a broker owes to a client
- The ways a broker can represent parties in a transaction — seller agent, buyer agent, intermediary, or subagent
- The importance of clear written agreements outlining representation and compensation
Why It Must Be Acknowledged
- Ensures you understand who we represent and what duties we owe
- Creates a written record that you received the legally required information
- Prevents misunderstandings about roles, duties, and obligations before negotiations begin
Who Signs It
Anyone we’re speaking with about real estate services — whether they’re a potential client or not — must receive this notice. Acknowledging receipt does not obligate you to work with us.
Form II
Notice to Prospective Customer
Purpose
If you’re not represented by your own agent or attorney, this form makes clear that Kritt Real Estate represents the other party — in most cases, the seller. It states:
- That we do not represent you as the buyer or tenant
- That we cannot give you opinions, advice, or assistance beyond the scope of our duties to our client
- That anything you tell us about the property or your intentions must be shared with our client
- That you are encouraged to seek your own representation
Why It Must Be Acknowledged
- Documents that you understand we represent the other party, not you
- Reduces the risk of misunderstandings or disputes later
- Protects you by encouraging you to get your own representation for advice and negotiations
Who Signs It
Any unrepresented buyer or tenant who is discussing a property with us that we have listed.
Before a Showing
Prequalification Letter or Proof of Funds
What We Need
If you’re not represented by your own agent, we need a current prequalification letter from your lender before we tour a property we have listed. If you’re paying cash, send proof of funds instead. This applies to every unrepresented buyer, on every listing, before the first showing.
What Counts
- A prequalification or preapproval letter on your lender’s letterhead, with your name and the approved amount
- For a cash purchase, a recent bank or brokerage statement or a letter from your bank showing funds at least equal to the price. Account numbers can be blacked out. We only need your name and the balance.
- Something current. If your letter is a few months old, ask your lender for a fresh one.
Why We Ask
- Our seller is trusting us with access to their home, and they expect us to know who is walking through it
- It confirms you’re in a position to buy before anyone rearranges their day to open the door
- It keeps you from spending Saturdays touring homes outside your range
- It’s standard. If you had your own agent, they’d ask you for the same thing before writing an offer.
Review & Sign
Ready to Sign?
Review and acknowledge the unrepresented-buyer documents online — takes about 90 seconds.
Showings also require a current prequalification letter or proof of funds.