Duty of real estate licensees; liability

§3199. Duty of real estate licensees; liability A. A real estate licensee representing a seller of residential real property or vacant residential property shall inform the seller of the duties and rights established in this Chapter. A real estate licensee representing a buyer of residential real property or vacant residential property shall inform the buyer of the duties and rights established in this Chapter. B. A person representing a seller in the transaction is not liable under this Chapter for any error, inaccuracy, or omission in a property disclosure document, unless the person has actual knowledge of the error, inaccuracy, or omission by the seller. Acts 2003, No. 308, §1, eff. June 13, 2003; Acts 2026, No. 708, §1, eff. Jan. 1, 2027.