LD 1525
pg. 14
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LR 2133
Item 1

 
B. Treating For seller agents, buyer agents, subagents and
disclosed dual agents, treating as confidential information
provided by the client during the course of the relationship
that could have a negative impact on the client's real
estate activity, unless:

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

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

 
(3) 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 agency or the affiliated
licensee; or

 
(4) Disclosure is necessary to defend the real estate
brokerage agency or an affiliated licensee against an
action of wrongful conduct in a judicial proceeding
before the commission or before a professional
committee.

 
Sec. 23. 32 MRSA §§13282 and 13283 are enacted to read:

 
§13282.__Presumption

 
Except as otherwise provided in this subchapter, a real estate
brokerage agency providing real estate brokerage services is
presumed to be acting as a transaction broker unless the real
estate brokerage agency has agreed, in a written brokerage
agreement, to represent one or more parties to the real estate
transaction as the real estate brokerage agency's clients.__
Client representation may not be created orally or by implication
or be assumed by a real estate brokerage agency or any party to a
real estate transaction.

 
§13283.__Transaction broker

 
1.__Not an agent.__A transaction broker does not represent any
party as a client to a real estate transaction and is not bound
by the duties set forth in section 13272.

 
2.__Responsibilities.__A transaction broker shall:

 
A.__Account in a timely manner for all money and property
received;

 
B.__Disclose in a timely manner to a buyer to a transaction all
material defects pertaining to the physical condition of


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