Tennessee § 62-13-402 Limited agency

Tennessee Statutes

§ 62-13-402 — Limited agency

(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.

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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.

Tennessee § 62-13-402 (Limited agency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.