4735.74 Duties following closing of transaction.
4735.74 Duties following closing of transaction.
Unless otherwise agreed in writing, a licensee owes no further duty to a client after performance of all duties or after any contract has terminated or expired, except for both of the following:
(A) Providing the client with an accounting of all moneys and property relating to the transaction;
(B) Keeping confidential all information received during the course of the transaction unless;
(1) The client permits disclosure;
(2) Disclosure is required by law or by court order;
(3) The information becomes public from a source other than the licensee;
(4) The information is necessary to prevent a crime the client intends to commit;
(5) Disclosure is necessary to defend the brokerage or its licensees against an accusation of wrongful conduct or to establish or defend a claim that a commission is owed on a transaction.
Effective Date: 12-13-1996