What must a broker acting as an intermediary obtain?

A broker acting as an intermediary is required to obtain written consent from each party involved in a transaction. This requirement exists to ensure transparency and to protect the interests of all parties. Written consent provides a clear, documented agreement about the broker's role and the nature of the relationship among the parties.

In Texas real estate transactions, having clear, written consent is essential for legal and ethical compliance. It helps to avoid potential disputes or misunderstandings regarding the broker's representation and duties. This written documentation serves as protection not only for the broker but also for the clients, affirming that all parties understand and agree to the broker’s position in the transaction.

The other options, while they mention consent, do not meet the necessary legal standard set forth by Texas regulations regarding intermediary transactions. Oral consent lacks the necessary formality and traceability that written consent provides, while consent from only one party would not suffice to involve a broker as an intermediary. Implied consent does not grant the clarity needed for such an important role in real estate dealings. Thus, written consent ensures that all parties have unequivocally agreed to the intermediary arrangement.