A seller's limited agent seeks a price and terms that are acceptable to the seller; presents all written offers to the seller in a timely manner; discloses, in writing, to the seller all adverse material facts actually known by the limited agent and advises the seller to obtain any necessary expert advice on known matters beyond the limited agent's expertise.

A seller's limited agent must account for all money and property received and must comply with all applicable federal, state and local statutes, rules and ordinances.

A seller's limited agent shall not disclose any confidential information about the seller unless required to do so by statute, rule or if failure to disclose would constitute fraudulent misrepresentation.

A seller's limited agent may retain and compensate other brokers as subagentsonly with the written agreement of the seller. (Subagents have the same duties and obligations as the seller's limited agent.)

A seller's limited agent may show and list alternative or competing properties without breaching any duty or obligation to the seller.

A seller's limited agent owes no duty or obligation to a customer (buyer) except to disclose, in writing, all adverse material facts actually known by the seller's limited agent.

Adverse material facts includes:

1) environmental hazards affecting the property required by law to be disclosed;

2) physical condition of the property;

3) material defects in the property;

4) material defects in the title to the property; and

5) material limitations on the seller's ability to perform under a contract.

A seller's limited agent must also act honestly and fairly in his or her dealings with a buyer or tenant.

A seller's limited agent owes no duty to conduct an independent inspection of the property for the benefit of the buyer or tenant or to independently verify the accuracy or completeness of any statement made by the seller or an independent inspector.

A seller's limited agent exercises reasonable skill and care for the seller; and promotes the interests of the seller with the utmost good faith, loyalty and fidelity.