Maine Revised Statutes Title 32 Sec. 13276 – Interpretation
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Terms Used In Maine Revised Statutes Title 32 Sec. 13276
- Client: means a person who has entered into a written brokerage agreement with a real estate brokerage agency that has agreed to represent that person and be bound by the duties set forth in section 13272 on behalf of that person. See Maine Revised Statutes Title 32 Sec. 13271
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Fiduciary: A trustee, executor, or administrator.
The provisions of this subchapter supersede the duties and responsibilities of the parties under the common law, including fiduciary responsibilities of an agent to a client or principal, except with regard to vicarious liability and except as set forth in this subchapter. This section does not preclude the use of common law, when it is not inconsistent with this subchapter, in defining and interpreting the duties listed in section 13272. This section does not abrogate an injured party’s cause of action pursuant to this chapter. [PL 1993, c. 679, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 679, §1 (NEW).