LD 1525
pg. 7
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LR 2133
Item 1

 
A real estate brokerage agency that provides services through a
brokerage agreement for a client is bound by the duties of loyalty,
obedience, disclosure, confidentiality, reasonable care, diligence
and accounting as set forth in this chapter. Such an a real estate
brokerage agency may be a seller agent, a buyer agent or, a
subagent or a disclosed dual agent. If a different relationship
between the real estate brokerage agency and the person for whom
the real estate brokerage agency performs the services is intended,
including a dual agent, it must be described in writing and signed
by the parties.

 
§13273. Seller agent

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

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

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

 
(1) Seeking a sale at the price and terms stated in
the brokerage agreement or at a price and terms
acceptable to the seller except that the licensee
seller agent is not obligated to seek additional offers
to purchase the property while the property is subject
to a contract of sale unless the brokerage agreement so
provides;

 
(2) Presenting in a timely manner all offers to and
from the seller, even when the property is subject to a
contract of sale;

 
(3) Disclosing to the seller material facts of which
the licensee seller agent has actual knowledge or if
acting in a reasonable manner should have known
concerning the transaction, except as directed in
section 13280;

 
(4) Advising the seller to obtain expert advice on
material matters that are beyond the expertise of the
licensee seller agent; and

 
(5) Accounting in a timely manner for all money and
property received in which the seller has or may have
an interest;

 
C. Shall exercise reasonable skill and care;


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