The bill amends the law regarding agency relationships and duties related to real estate licenses in Arkansas, specifically addressing the obligations of dual agency. It clarifies that when a licensee accepts employment from a client, they have a primary duty of absolute fidelity to protect the client's interests, unless multiple clients consent to dual agency and contractually waive this duty. The bill outlines the various responsibilities of the licensee, including using reasonable efforts to further the client's interests, exercising skill and care, and disclosing material facts about transactions.

Additionally, the bill modifies the confidentiality obligations of licensees. While they are generally required to keep confidential information private, there are exceptions when a licensee is acting as an authorized dual agent, allowing for limited disclosure of confidential information if it is contractually agreed upon or required by law. The bill emphasizes that the duties of a licensee cannot be waived by a client, ensuring that the protections for clients remain intact.