18.86.070 - Duration of agency relationship. - Washington Statutes

Duration of agency relationship.

(1) The agency relationships set forth in this chapter commence at the time that the licensee undertakes to provide real estate brokerage services to a principal and continue until the earliest of the following:

     (a) Completion of performance by the licensee;

     (b) Expiration of the term agreed upon by the parties;

     (c) Termination of the relationship by mutual agreement of the parties; or

     (d) Termination of the relationship by notice from either party to the other. However, such a termination does not affect the contractual rights of either party.

     (2) Except as otherwise agreed to in writing, a licensee owes no further duty after termination of the agency relationship, other than the duties of:

     (a) Accounting for all moneys and property received during the relationship; and

     (b) Not disclosing confidential information.

[1997 c 217 § 5; 1996 c 179 § 7.]

Notes: Real estate agency pamphlet -- 1997 c 217 §§ 1-6: See note following RCW 18.86.120.

Effective date -- 1997 c 217 §§ 1-6 and 8: See note following RCW 18.86.020.