Sec. 15. The duties and obligations of a licensee set forth in this chapter supersede any fiduciary duties of a licensee to a party based on common law principles of agency to the extent that those common law fiduciary duties are inconsistent with the duties and obligations set forth in this chapter.
Ind. Code § 25-34.1-10-15
Fiduciary duties superseded
Known as the Real Estate Broker Licensing Act
The act spans §§ 25-34.1-10-0.5 to 25-34.1-9-9 (164 sections).
Applied in 1 court decision — leading case Likens v. Prickett's Properties, Inc. (2011)
Most recently applied in Likens v. Prickett's Properties, Inc. (February 2011)
As added by P.L.128-1994, SEC.6
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.