Reported 1 day ago
Fiduciary responsibility in real estate mandates that agents act in the best interests of their clients, encompassing honest advice, confidentiality, and informed decision-making. Failure to uphold these duties may result in legal penalties. This responsibility is established through a contractual relationship when clients engage agents, who must prioritize loyalty to their clients, disclose relevant information, and manage funds accurately. Breaches can harm clients' interests, prompting legal actions or disputes for resolution.
Source: YAHOO