2009 Rhode Island Code
Title 5 - Businesses and Professions
CHAPTER 5-20.6 - Agency Relationships in Residential Real Estate Transactions
§ 5-20.6-4 - Duties owed by a transaction facilitator to a customer.
SECTION 5-20.6-4
§ 5-20.6-4 Duties owed by a transaction facilitator to a customer. – (a) A neutral transaction facilitator owes the following duties to a customer:
(1) To perform agreed upon ministerial acts timely and competently;
(2) To perform these acts with honesty, good faith, reasonable skill and care;
(3) To properly account for money or property placed in the care and responsibility of the principal broker; and
(4) To protect confidential information when assisting customers as a dual facilitator.
(b) A licensee acting as a transaction facilitator does not owe any fiduciary duties to a customer except those duties specified in paragraph (a).
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