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the property of which the transaction broker has actual notice | | or knowledge; |
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| | | C.__Comply with all requirements of the laws governing real | | estate commission brokerage licenses and any rules adopted | | by the commission; |
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| | | D.__Comply with any applicable federal, state or local laws, | | rules, regulations or ordinances related to real estate | | brokerage, including fair housing and civil rights laws or | | regulations; |
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| | | E.__Treat all parties honestly and may not knowingly give | | false information; and |
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| | | F.__Perform such ministerial acts as may be agreed upon | | between the transaction broker and one or more parties to a | | real estate transaction. |
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| | | A transaction broker is not liable for providing false | | information if the false information was provided to the | | transaction broker and the transaction broker did not know that | | the information was false.__A transaction broker is not obligated | | to discover latent defects in the property.__A cause of action | | does not arise on behalf of any person against a transaction | | broker who reveals information or makes disclosures permitted or | | required by this subchapter. |
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| | | 3.__Prohibited acts.__A transaction broker may not: |
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| | | A.__Conduct an inspection, investigation or analysis of a | | property for the benefit of any party; |
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| | | B.__Verify the accuracy or completeness of oral or written | | statements made by the seller or buyer or any 3rd party; or |
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| | | C.__Promote the interests of either party to a transaction | | except as required to comply with this section. |
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| | | 4.__No vicarious liability.__A party to a real estate | | transaction is not vicariously liable for the acts or omissions | | of a transaction broker. |
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| | | 5.__Actual knowledge; information.__In a situation in which | | one affiliated licensee acting as an appointed agent of a real | | estate brokerage agency represents a party to a real estate | | transaction as the real estate brokerage agency's client and | | another affiliated licensee of the same real estate brokerage | | agency is acting as a transaction broker for another party to the | | transaction, the real estate brokerage agency and its affiliated |
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