36-21A-150. Duties of broker or licensee after transaction finished.

85 words·~1 min read·/sd/title-36/chapter-36-21/36-21a-150

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Unless otherwise provided in the agreement or by law, no broker and licensee associated with that broker engaged as a seller's/landlord's or buyer's/tenant's agent, subagent, limited agent, or transaction broker owes any further duty or obligation to a client or customer after termination, expiration, completion, or performance of the agency or brokerage agreement, except for the following duties:

(1)Accounting for all moneys and property related to and received during the engagement; and

(2)Keeping confidential all information received during the course of the engagement.