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Title XXII OCCUPATIONS AND PROFESSIONS

Chapter 339

previous next Effective - 01 Sep 1997, see footnotebottom

  339.790.  Commencement of agreement, when — duties after termination of agreement. — 1.  The relationships set forth in this section commence on the effective date of the real estate broker's agreement and continue until performance, completion, termination or expiration of that agreement.

  2.  A real estate broker and an affiliated licensee owe no further duty or obligation after termination, expiration, completion or performance of the brokerage agreement, except the duties of:

  (1)  Accounting in a timely manner for all money and property related to, and received during, the relationship; and

  (2)  Treating as confidential information provided by the client during the course of the relationship that may reasonably be expected to have a negative impact on the client's real estate activity unless:

  (a)  The client to whom the information pertains grants written consent;

  (b)  Disclosure of the information is required by law;

  (c)  The information is made public or becomes public by the words or conduct of the client to whom the information pertains or from a source other than the real estate brokerage or the affiliated licensee; or

  (d)  Disclosure is necessary to defend the designated broker or an affiliated licensee against an action of wrongful conduct in an administrative or judicial proceeding or before a professional committee.

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(L. 1996 S.B. 664 § 9)

Effective 9-01-97


---- end of effective   01 Sep 1997 ----

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