18.86.070 - Duration of agency relationship.

Duration of agency relationship.

(1) The agency relationships set forth in this chapter commence at the time that the licensee undertakes to provide real estate brokerage services to a principal and continue until the earliest of the following:

     (a) Completion of performance by the licensee;

     (b) Expiration of the term agreed upon by the parties;

     (c) Termination of the relationship by mutual agreement of the parties; or

     (d) Termination of the relationship by notice from either party to the other. However, such a termination does not affect the contractual rights of either party.

     (2) Except as otherwise agreed to in writing, a licensee owes no further duty after termination of the agency relationship, other than the duties of:

     (a) Accounting for all moneys and property received during the relationship; and

     (b) Not disclosing confidential information.

[1997 c 217 § 5; 1996 c 179 § 7.]

Notes: Real estate agency pamphlet -- 1997 c 217 §§ 1-6: See note following RCW 18.86.120.

Effective date -- 1997 c 217 §§ 1-6 and 8: See note following RCW 18.86.020.