Final answer:
The potential buyer must be provided with the IABS form at the first substantive discussion. It is required in Texas and several other states to provide consumers with important information about real estate brokerage services.
Step-by-step explanation:
The statement True or False: A potential buyer must be provided with the IABS form at the first substantive discussion is true. The IABS form, which stands for Information About Brokerage Services, is required in Texas and several other states. It is intended to provide consumers with important information about the different types of real estate brokerage services that may be available to them.
The form must be provided to the potential buyer at the first substantial discussion of a property or the potential buyer's qualifications to purchase the property. This is to ensure that buyers have all the necessary information to make an informed decision before entering into a real estate transaction.