Sec. 16. (a) A client is not liable for any misrepresentation made by a licensee in connection with the agency relationship, unless the client knew or should have known of the misrepresentation.
(b) A licensee is not liable for any misrepresentation made by another licensee, unless the licensee knew or should have known of the other licensee's misrepresentation.
As added by P.L.128-1994, SEC.6. Amended by P.L.130-1999, SEC.21.
Structure Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons
Chapter 10. Real Estate Agency Relationships
25-34.1-10-0.5. "Agency Relationship"
25-34.1-10-6.5. "In-House Agency Relationship"
25-34.1-10-8. "Real Estate Transaction"
25-34.1-10-9.5. Agency Relationship; Performance of Duties
25-34.1-10-10. Licensee Representing Seller or Landlord; Duties; Disclosure of Information
25-34.1-10-11. Licensee Representing Buyer or Tenant; Duties; Disclosure of Information
25-34.1-10-12. Licensee Acting as Limited Agent
25-34.1-10-12.5. Representations by Licensees
25-34.1-10-14. Commencement and Termination of Agency Relationship
25-34.1-10-15. Fiduciary Duties Superseded