2009 Rhode Island Code
Title 5 - Businesses and Professions
CHAPTER 5-20.6 - Agency Relationships in Residential Real Estate Transactions
§ 5-20.6-3 - Relationships – Creation and presumption.
SECTION 5-20.6-3
§ 5-20.6-3 Relationships – Creation and presumption. – (a) It shall be presumed that all licensees in a real estate transaction are neutral transaction facilitators unless, the licensee obtains the informed, written consent of a buyer, seller, tenant, or landlord with an executed mandatory relationship disclosure to represent that person as a designated client representative.
(b) The provisions of this chapter are expressly intended to abrogate the common law of agency; no type of agency representation shall be assumed by a brokerage, principal broker, licensee, buyer, seller, tenant, or landlord nor shall agency representation be created by implication.
(c) Types of relationships. The following types of relationships are recognized:
(1) Neutral assistance as a transaction facilitator to assist one or more customers; and
(2) Representation of a buyer, seller, tenant or landlord as a designated client representative.
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