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Fiduciary Duty to Life Real Estate Clients

Did you know REALTOR® has a Fiduciary Duty to their clients?

A fiduciary is a person or organization that acts on behalf of another person or persons to manage assets. … The highest legal duty of one party to another, being a fiduciary requires being bound ethically to act in the other’s best interests.

  • Confidentiality – It is our duty as part of our Code of Ethics to keep your information confidential. You don’t need the other parties to know you are a physician or attorney or a business owner. They don’t need to know you are retired or don’t have to work. They don’t need to know you are facing a divorce or on spousal maintenance. All they need to know is you have the money to buy the home. Period. Being confidential with your personal information is important.
  • Obedience – You are the hero in this story. We are the guides. The hero decides where they want to go and the guide offers suggestions and guidance on how to get there. You are writing the checks, packing the boxes and driving the moving van, not us. If you don’t want to do what we say, you have the results of your choices and we will be obedient to those choices.
  • Loyalty – We have taken an oath to cooperate with other REALTORS® in the real estate industry, however, cooperation is not loyalty. Our loyalty is to you. We owe all parties honesty but our loyalty is to you, our client
  • Disclosure – If we know it. You know it. Period.
  • Accounting – There is a lot of paperwork in a real estate transaction. Don’t worry, we walk you through it and explain exactly what you are agreeing to do. This process lowers stress because it raises knowledge. Smart clients know it is important to understand what they are signing before they sign it.
  • Reasonable Care –  High communication is key. Knowing when you have emails that need attention. Knowing when a showing is happening. Knowing when the appraisal will be in. What about that question you have that you want to be answered. Communication is high. Don’t worry, you will never be left in a lurch. We have you back!