LD 1525
pg. 7
Page 6 of 14 An Act To Amend the Real Estate Brokerage Laws Page 8 of 14
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LR 2133
Item 1

 
reasonable manner, should not have known that the information
was false. A real estate brokerage agency seller agent is not
obligated to discover latent defects in the property.

 
B. Nothing in this subchapter precludes the obligation of a
buyer to inspect the physical condition of the property. A
cause of action may not arise on behalf of any person
against a real estate brokerage agency seller agent for
revealing information in compliance with this subchapter.

 
C. A real estate brokerage agency engaged by a seller in a
real estate transaction seller agent may provide assistance
to the buyer by performing ministerial acts such as
preparing offers and conveying those offers to the seller
and providing information and assistance concerning
professional services not related to real estate brokerage
services. Performing ministerial acts for the buyer may not
be construed as violating the real estate brokerage agency's
seller agent's agreement with the seller and performing
ministerial acts for the buyer may not be construed as or
forming a brokerage agreement with the buyer. Performing
ministerial acts for the buyer does not make the seller
agent a transaction broker for the buyer.

 
§13274. Buyer agent

 
1. Duty to buyer. A real estate brokerage agency engaged by
a buyer agent:

 
A. Shall perform the terms of the brokerage agreement made
with the buyer;

 
B. Shall promote the interests of the buyer by exercising
agency duties as set forth in section 13272 including:

 
(1) Seeking a property at a price and terms specified
by the buyer except that the licensee buyer agent is
not obligated to seek other properties for the buyer
while the buyer is a party to a contract to purchase
that property unless it is provided by the brokerage
agreement;

 
(2) Presenting in a timely manner all offers to and
from the buyer;

 
(3) Disclosing to the buyer material facts of which the agency
buyer agent has actual knowledge or, if acting in a reasonable
manner, should have known concerning the transaction, except as
directed in


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