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troutman · 07-27-2011, 12:09 PM

FIDUCIARY DUTIES: REAL ESTATE AGENTS and

ACCOUNTANTS, A CASE LAW REVIEW1
http://www.lesaonline.org/samples/12_48_07_p1.pdf

http://www.lajuett.com/buyers/fiduciaryresp.htm

In November, 1986, the National Association of Realtors® published a booklet titled: "Who Is My Client? - A Realtors® Guide to Compliance with the Law of Agency". The booklet describes fiduciary duties in Section IV. DUTIES OWED BY AN AGENT TO HIS PRINCIPAL: "A real estate broker who becomes an agent of a seller or buyer, either intentionally through the execution of a written agreement, or unintentionally by a course of conduct, will be deemed to be a fiduciary. Fiduciary duties are the highest duties known to the law. Classic examples of fiduciaries are trustees, executors, and guardians. As a fiduciary, a real estate broker will be held under the law to owe certain specific duties to his principal, in addition to any duties or obligations set forth in a listing agreement or other contract of employment (such as a buyer agency agreement)."

07-27-2011, 12:09 PM	#8
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	FIDUCIARY DUTIES: REAL ESTATE AGENTS and ACCOUNTANTS, A CASE LAW REVIEW1 http://www.lesaonline.org/samples/12_48_07_p1.pdf http://www.lajuett.com/buyers/fiduciaryresp.htm In November, 1986, the National Association of Realtors® published a booklet titled: "Who Is My Client? - A Realtors® Guide to Compliance with the Law of Agency". The booklet describes fiduciary duties in Section IV. DUTIES OWED BY AN AGENT TO HIS PRINCIPAL: "A real estate broker who becomes an agent of a seller or buyer, either intentionally through the execution of a written agreement, or unintentionally by a course of conduct, will be deemed to be a fiduciary. Fiduciary duties are the highest duties known to the law. Classic examples of fiduciaries are trustees, executors, and guardians. As a fiduciary, a real estate broker will be held under the law to owe certain specific duties to his principal, in addition to any duties or obligations set forth in a listing agreement or other contract of employment (such as a buyer agency agreement)." Last edited by troutman; 07-27-2011 at 12:14 PM.