§ 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 transactionfacilitator to a customer. – (a) A neutral transaction facilitator owes the following duties to a customer:
(1) To perform agreed upon ministerial acts timely andcompetently;
(2) To perform these acts with honesty, good faith,reasonable skill and care;
(3) To properly account for money or property placed in thecare and responsibility of the principal broker; and
(4) To protect confidential information when assistingcustomers as a dual facilitator.
(b) A licensee acting as a transaction facilitator does notowe any fiduciary duties to a customer except those duties specified inparagraph (a).