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Please note: That is for a "real estate broker". Most buyers and sellers are dealing with a "real estate agent". Agent is a lower level license, for which that
by diggernet 8y ago
Please note: That is for a "real estate broker". Most buyers and sellers are dealing with a "real estate agent". Agent is a lower level license, for which that duty does not apply.
- dragonwriter 8y agoIn California, at least, a real estate agent has both common law and statutory fiduciary and fiduciary-like duties.
- kbutler 8y agoThat differences in fiduciary duty does not appear to be the case. For example "Agents who represent clients under single agency owe a fiduciary responsibility to the client" https://www.thebalance.com/agency-relationships-in-real-estate-1798890 https://www.thebalance.com/agency-relationships-in-real-esta...