RSA 331-A:25-d · Disclosed Dual Agent; Duties

331-A:25-d Disclosed Dual Agent; Duties. –

Copy link

I.

A licensee may act as a disclosed dual agent only with the written consent of all parties to the anticipated transaction at the time in which a dual agency relationship occurs, but no later than the preparation of a written offer for sale or lease.

Copy link

II.

The duties of a licensee acting as a disclosed dual agent include:

Copy link

(a)

Performing the terms of the written disclosed dual agency agreement made with the parties.

Copy link

(b)

Presenting in a timely manner all offers or agreements to and from the parties on real estate of interest.

Copy link

(c)

Accounting in a timely manner, during and upon termination, expiration, completion, or performance of the brokerage agreement for all money and property received in which the parties have or may have an interest.

Copy link

(d)

Informing the parties of the laws and rules regarding real estate condition disclosures.

Copy link

(e)

Preserving confidential information received from the parties that is acquired during the written disclosed dual agency relationship, or from any prior brokerage agreement. This obligation continues beyond the termination, expiration, completion, or performance of the fiduciary relationship. Confidentiality shall be maintained unless:

Copy link

(1)

The party to whom the information pertains grants written consent to disclose the information;

Copy link

(2)

The information is made public from a source other than the licensee;

Copy link

(3)

Disclosure is necessary to defend the licensee against an accusation of wrongful conduct in a judicial proceeding before a court of competent jurisdiction, the commission, or before a professional committee; or

Copy link

(4)

If otherwise required by law. Source. 1996, 196:9. 2005, 286:17, eff. July 1, 2005.

Copy link