WebTo the Buyer: The fiduciary duties of loyalty, confidentiality, obedience, disclosure, full accounting, and the duty to use skill, care, and diligence. To the Seller and Buyer: A duty of honesty and fair dealing. DISCLOSED DUAL AGENT A real estate licensee or firm may represent more than one party in the same transaction. WebJul 19, 2024 · The fiduciary duties of a real estate agent demonstrate how to uphold integrity. When you practice these duties in every relationship, you will build trustworthy …
What are a Real Estate Agent
WebA real estate broker acting as the agent of the seller a. is obligated to render faithful service to the seller. b. has a fiduciary duty to the buyer. c. can agree to a change in price without the seller’s approval. d. can accept a bonus from the buyer without the seller’s approval. A a. is obligated to render faithful service to the seller. 4 Q WebThe duties of a real estate licensee owed to a buyer or seller who engages the real estate licensee as a single agent include the following: 1. Dealing honestly and fairly; 2. Loyalty; 3. Confidentiality; 4. Obedience; 5. Full disclosure; 6. Accounting for all funds; 7. Skill, care, and diligence in the transaction; 8. inail rho
The Fiduciary Duty of Obedience – Moore Thoughts on …
WebApr 16, 2024 · Obedience requires an agent to carry out his client’s legal wishes. No agent is ever obligated to violate the law. In fact, the law calls for fair and honest dealing, no matter whom the agent represents. So if a seller tells an agent to lie about a leaking roof, he is under no obligation to do so. WebDual Agent: A real estate agent may act as a dual agent representing both the seller and buyer in a trans-action but only with the express and informed written consent of both the … WebOct 30, 2024 · A closely related fiduciary duty is obedience. As long as you adhere to the limits of your contract with your agent, and you aren’t asking that anything be done … inail ple