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2024 Tennessee Code
Title 62 - PROFESSIONS, BUSINESSES AND TRADES (§§ 62-1-101 — 62-76-203)
Chapter 13 - TENNESSEE REAL ESTATE BROKER LICENSE ACT OF 1973 (§§ 62-13-101 — 62-13-604)
Part 4 - REPRESENTATION BY REAL ESTATE AGENTS (§§ 62-13-401 — 62-13-408)
Section 62-13-402 - Limited agency
Universal Citation:
TN Code § 62-13-402 (2024)
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- (a) If a real estate licensee is engaged as an agent, the real estate licensee serves as a limited agent retained to provide real estate services to a client. The licensee shall function as an intermediary in negotiations between the parties to a transaction unless the parties negotiate directly.
- (b) A real estate licensee shall owe all parties to a transaction the duties enumerated in § 62-13-403. A licensee shall owe to the licensee's client the duties enumerated in § 62-13-404.
- (c) Notwithstanding any law to the contrary, the duties enumerated in §§ 62-13-403 and 62-13-404 shall supersede any fiduciary or common law duties owed by a licensee to the licensee's client on January 1, 1996.
Acts 1995, ch. 246, § 4.
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