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2005 Idaho Code - 54-2086 — DUTIES TO A CUSTOMER
TITLE 54 PROFESSIONS, VOCATIONS, AND BUSINESSES CHAPTER 20 IDAHO REAL ESTATE LICENSE LAW 54-2086. DUTIES TO A CUSTOMER. (1) If a buyer, prospective buyer, or seller is not represented by a brokerage in a regulated real estate transaction, that buyer or seller remains a customer, and as such, the brokerage and its licensees are nonagents and owe the following legal duties and obligations: (a) To perform ministerial acts to assist the buyer or seller in the sale or purchase of real estate; (b) To perform these acts with honesty, good faith, reasonable skill and care; (c) To properly account for moneys or property placed in the care and responsibility of the brokerage; (d) To disclose to the buyer/customer all adverse material facts actually known or which reasonably should have been known by the licensee; (e) To disclose to the seller/customer all adverse material facts actually known or which reasonably should have been known by the licensee; (2) A nonagent brokerage and its licensees owe no duty to a buyer/customer to conduct an independent inspection of the property for the benefit of that buyer/customer and owe no duty to independently verify the accuracy or completeness of any statement or representation made by the seller or any source reasonably believed by the licensee to be reliable. (3) A nonagent brokerage and its licensees owe no duty to a seller/customer to conduct an independent investigation of the buyer's financial condition for the benefit of that seller/customer and owe no duty to independently verify the accuracy or completeness of statements made by the buyer or any source reasonably believed by the licensee to be reliable.
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