Quote:
Originally Posted by Shazam
Realtors don't have a fiduciary duty to their clients, unlike, say, lawyers, so you never really know who's interests they are serving.
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Yes, they do, see post #3. They may also be sued for negligence, and carry insurance for such.
http://www.creb.com/public/why-use-a...-a-realtor.php
You are protected when you work with a REALTOR® for a number of reasons: - All REALTORS® are graduates of a real estate education program and are committed to pursuing ongoing professional development courses;
- REALTORS® must adhere to a strict Code of Ethics and Standards of Business Practice (113KB PDF); your guarantee of professional conduct and service excellence.
- All REALTORS® carry errors and omissions insurance;
- The Real Estate Assurance Fund is available to you in the rare event of fraud, or breach of trust by a REALTOR®. It is your protection against financial loss. This fund is financially supported by our members; and,
- A licensed brokerage supervises the business conduct of all REALTORS® to ensure their compliance with Alberta law.