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This can apply to financial advisors, attorneys, real estate agents or other working relationships. The key to upholding a fiduciary duty is to be on the side of the person they have agreed to help.
Real estate advisors provide research, analysis, planning, strategy and management input when evaluating, acquiring, selling, developing, improving and financing the real estate portion of an ...
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
Buyer agent (real estate broker)/buyer client; Confidential advisor including financial adviser and investment advisor/advisee or client; [8] [23] [24] [25] Lawyer/client; [26] [27] [28] A solicitor is presumed to have a fiduciary duty. [29] Executors and administrators/legatees and heirs;
The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.
Critics state the Real Estate Agents Authority complaint committee as having less scope or jurisdiction for adverse judgement against negligent Property Management licences as they would otherwise to those in "real estate agency work", [27] Unsatisfactory property management conduct cases can receive findings of "no further action" as opposed ...
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