In Texas real estate, honesty and transparency refer to the ethical and legal obligations of real estate professionals to be truthful and straightforward in their dealings with clients and customers.
Honesty means that real estate agents must not misrepresent any material fact related to the property or the transaction. They must provide accurate information about the property’s condition, history, and any other relevant details that could affect the buyer’s decision.
Transparency means that real estate agents must disclose any known issues or defects with the property and any potential conflicts of interest in the transaction. They must also disclose any fees or commissions they will receive and how those fees are calculated.
Overall, honesty and transparency are crucial components of ethical and legal behavior in the Texas real estate industry, and failing to adhere to these principles can result in legal and professional consequences.