Limited agency

(a) If a real estate licensee is engaged as an agent, the real estate licensee serves as a limited agent retained to provide real estate services to a client. The licensee shall function as an intermediary in negotiations between the parties to a transaction unless the parties negotiate directly. (b) A real estate licensee shall owe all parties to a transaction the duties enumerated in § 62-13-403 . A licensee shall owe to the licensee's client the duties enumerated in § 62-13-404 . (c) Notwithstanding any law to the contrary, the duties enumerated in §§ 62-13-403 and 62-13-404 shall supersede any fiduciary or common law duties owed by a licensee to the licensee's client on January 1, 1996. Acts 1995, ch. 246, § 4. (a) If a real estate licensee is engaged as an agent, the real estate licensee serves as a limited agent retained to provide real estate services to a client. The licensee shall function as an intermediary in negotiations between the parties to a transaction unless the parties negotiate directly. (b) A real estate licensee shall owe all parties to a transaction the duties enumerated in § 62-13-403 . A licensee shall owe to the licensee's client the duties enumerated in § 62-13-404 . (c) Notwithstanding any law to the contrary, the duties enumerated in §§ 62-13-403 and 62-13-404 shall supersede any fiduciary or common law duties owed by a licensee to the licensee's client on January 1, 1996. Acts 1995, ch. 246, § 4.