Any licensee acting as a transaction broker has the following duties and obligations: (1) To perform the terms of any written agreement made with the customer; (2) To exercise reasonable skill and care for the customer; (3) To present all offers in a timely manner; (4) To account in a timely manner for all money and property received; (5) To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances including fair housing and civil rights statutes or regulations; and (6) To disclose to the customer all adverse material facts known by the licensee. No licensee acting as a transaction broker may advise any party to a transaction to the detriment of another party.
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