Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing andĩ. Skill, care, and diligence in the transaction Ĩ. The duties of a real estate licensee owed to a buyer or seller who engages the real estate licensee as a SINGLE AGENT include the following:ħ.
(g) Any additional duties that are mutually agreed to with a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential and (f) Limited confidentiality, unless waived in writing by a party. (e) Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing (d) Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer (c) Using skill, care, and diligence in the transaction
The duties of a real estate licensee in this limited form of representation in-clude the following: It is presumed that all licensees are operating as transaction brokers unless a single agent or no brokerage relationship is established, in writing, with a customer.Ī TRANSACTION BROKER relationship provides a limited form of representation to a buyer, seller, or both in a real estate transaction but does not represent either in a fiduciary capacity or as a single agent. A customer is not required to enter into any brokerage relationship with any real estate licensee. A licensee may change from one brokerage relationship to the other as long as the buyer or the seller, or both, give consent as required by subparagraph (3)(c)2 before the change and the appropriate disclosure of the duties as provided in this part is made to the buyer or seller. (a) Authorized brokerage relationships A real estate licensee in this state may enter into a brokerage relationship as either a transaction broker or as a single agent with potential buyers and sellers.
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