Revised IABS Form Required by TREC

What Has Changed with the IABS Form?

The Texas Real Estate Commission (TREC) has introduced a revised Information About Brokerage Services (IABS) form. The update clarifies that brokerage fees are not set by law and are fully negotiable. This change aims to enhance transparency for consumers and ensure they understand their rights when working with real estate professionals. As of April 1, 2025, use of the revised form is mandatory.

What Is the IABS Form?

The IABS form is a key disclosure document that educates buyers and sellers about the different types of brokerage relationships available in Texas. It explains the duties and responsibilities of brokers and agents, helping consumers make informed decisions. The form is designed to promote transparency in real estate transactions by outlining the role of the broker and ensuring clients understand their options.

When Must the IABS Be Delivered to Clients?

Texas real estate agents are required to provide the IABS form to prospective clients at the first substantive discussion about a transaction. This could occur in person, via email, or through an agent’s website. Failure to deliver the form properly can lead to disciplinary action from TREC, making it crucial for agents to stay compliant with this requirement.

For the official revised IABS form and more details, we encourage you to view TREC’s official notice.