Rhode Island § 5-20.6-4 § 5-20.6-4. Duties owed by a transaction facilitator to a customer.

Rhode Island Statutes

§ 5-20.6-4 — § 5-20.6-4. Duties owed by a transaction facilitator to a customer.

Rhode Island·Title 5 Businesses and Professions·Ch. 5-20.6 Relationships in Residential Real Estate Transactions

§ 5-20.6-4. Duties owed by a transaction facilitator to a customer.
(a) A 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.
         
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§ 5-20.6-4. Duties owed by a transaction facilitator to a customer.

(a) A 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 subsection (a).

Rhode Island § 5-20.6-4 (§ 5-20.6-4. Duties owed by a transaction facilitator to a customer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1989, ch. 141 § 2; P.L. 1990, ch. 425, § 2; P.L. 1993, ch. 397, § 1; P.L. 2007, ch. 344, § 1; P.L. 2007, ch. 403, § 1; P.L. 2013, ch. 27, § 2; P.L. 2013, ch. 38, § 2; P.L. 2014, ch. 528, § 2.