No licensee acting as a transaction broker has any duty to:

(1) Conduct an independent inspection of the property for the benefit of any party to the transaction;

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(2) Independently verify the accuracy or completeness of statements made by the seller, landlord, buyer, tenant, or qualified third–party inspector; or

(3) Conduct an independent investigation of the buyer’s or tenant’s financial condition.

Source: SL 1998, ch 229, § 22.