Question on broker acting as an intermediary

[Hugh Le]

After reading an exclusive representation agreement, it appears that a broker will act as an intermediary. Based on my research of Texas law, it appears that the intermediary could theoretically represent both parties (listing agent on seller side, and then act as an immediary to represent the buyer side).  This could theoretically create a conflict of interest.  Let me know if I'm missing anything. Thanks so much for any insights.