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Current as of January 01, 2024 | Updated by Findlaw Staff
(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).
Cite this article: FindLaw.com - Rhode Island General Laws Title 5. Businesses and Professions § 5-20.6-4. Duties owed by a transaction facilitator to a customer - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-5-businesses-and-professions/ri-gen-laws-sect-5-20-6-4/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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