36-21A-144. Transaction broker--Duties and obligations.
Any licensee acting as a transaction broker has the following duties and obligations:
(1)To perform the terms of any written agreement made with the customer;
(2)To exercise reasonable skill and care for the customer;
(3)To present all offers in a timely manner;
(4)To account in a timely manner for all money and property received;
(5)To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances including fair housing and civil rights statutes or regulations; and
(6)To disclose to the customer all adverse material facts known by the licensee.
No licensee acting as a transaction broker may advise any party to a transaction to the detriment of another party.
Source: SL 1998, ch 229, §21.