(a) A transaction facilitator owes the following duties to a customer: (1) To perform agreed-upon ministerial acts timely and competently; (2) To perform these acts with honesty, good faith, reasonable skill, and care; (3) To properly account for money or property placed in the care and responsibility of the principal broker; and (4) To protect confidential information when assisting customers as a dual facilitator. (b) A licensee acting as a transaction facilitator does not owe any fiduciary duties to a customer except those duties specified in subsection (a).
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