Today, we wrap up our series on a real estate professionals fiduciary duties. Attorney, Laura Ferret, examines the broker’s duty supervise salepersons. The broker owes not only all of the duties previously discussed to their client but they also owe the independent duty to supervise the salespeople that work under their broker’s license. This is […]
Today, we continue our series on real estate professionals’ fiduciary duties. Attorney, Laura Ferret, examines the duty of honesty and reasonable care. Understanding reasonable care and what is expected goes a long way in assisting the real estate professional in navigating the complex fiduciary requirements placed on the agent or broker. As always, if you […]
Today, we continue our series on real estate professionals’ fiduciary duties. Attorney, Jose Parra, examines the duty an agent or broker has to investigate. This is an often topic in many seminars as agents and brokers wrestle with the obligation to disclose and what investigation is required. As always, if you have any questions about […]
Today, we continue our series on a real estate professionals fiduciary duties. Attorney, Laura Ferret, examines the duty of loyalty and through the prohibition of self-dealing. Most self-dealing involves some sort of secret profit that is taken. While it sounds nefarious, it is easy find oneself on the wrong side of the self-dealing equation. Something […]
Today, we continue our series on real estate professionals’ fiduciary duties. Attorney, Carl Block, continues his examination of dual agency in the real estate transaction. Dual agency is allowed by law but it comes with risks for the agent. Some of which may be known and many that may not be known but the agent […]
Today, we continue our series on real estate professionals’ fiduciary duties. Attorney, Carl Block, addresses the topic of dual agency in the real estate transaction. Dual agency is allowed by law but it comes with risks for the agent. Some which may be known and many that may not be known but the agent should […]
Today, we kick off our series on a real estate professional’s fiduciary duties. Each real estate broker or salesperson acts as a fiduciary to their clients. But do all the parties really understand what this means. Over several weeks we will explore what those obligations look like and how they play out. Stay tuned. As […]
Today we finish our look at the fiduciary obligations owed to clients. Real estate professionals owe a great duty of care and loyalty to their clients. They hold a position of trust and the law sets forth how this position of trust should be maintained. As always, if you have any questions about your real […]
Today, we take a look at fiduciary obligations. In this 2 part article we will examine the role and responsibilities an agent has to their client. The role of a fiduciary is complex and requires a loyalty to be given to the client. The question is how does that responsibility play out. As always, if […]
A real estate agent has numerous duties in representing the interests of their clients: duties to perform their contract obligations, and duties to act competently in what they do, and duties to act in the best interests of their clients. This last duty is what is called a “fiduciary duty” and it is imposed by […]
