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What Are the Fiduciary Duties of a Real Estate Agent?

Thursday, July 1, 2021   /   by Tara Turner

What Are the Fiduciary Duties of a Real Estate Agent?

During a real estate transaction, a client places special trust, confidence, and reliance in their agent forming a fiduciary relationship. Therefore, real estate agents have some fiduciary duties towards their clients.

Confidentiality: ensure protection of any information obtained from the client's affairs or motivation.
Accounting: report promptly all monies and properties received and paid out.
Obedience: act, follow, and abide by all lawful instructions given by the client at all times.
Full Disclosure: disclose affirmatively all the information concerning the transaction which might affect the client's decisions.
Undivided loyalty: never advance any interests adverse to the principal interest and always keep the client's best interest in mind.
Reasonable care: offer the best possible services on their client's behalf.

Fulfilling these duties without fail can result in the benefit of all parties involved in a real estate transaction.

If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163

Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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