10.8 Duties Owed To A Third Party

Honest and fair dealing and good faith requires honesty and good faith to form the foundation for all dealings with the third party. No attempt should be made by the agent to conceal information, defraud, or in any way do something or refrain from doing something that has the effect of exhibiting conduct that is intended as bad faith. Good faith means that each party cannot withhold information from the other that might affect the agency relationship.

Financial accountability requires the agent to care for the money of others, as well as deliver all signed documents to the appropriate parties in the real estate transaction.