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Anonymous

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Rainer
3,955
Alix Hurtado
Real Estate Agent - North Ogden, UT
you'll always find a friend in me!

Agent professor, an online real estate school asks their students to ask active real estate agents their opinions of things of this sort, so that they may gain a better understanding from actual events that've occurred, during an agent's career. Just an FYI. Not a test question but an actual homework question that students are required to ask other agents as part of an assignment.

Oct 06, 2017 12:24 PM
Ambassador
1,076,531
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Are you just copy/pasting from a home work assignment?  

 

May 25, 2016 06:51 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Please register for my Real Estate Fundamentals class for answer to your question.  I will send you link to our website.

May 25, 2016 07:48 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I'm always curious what this kind of broad questions are public and anonymous? Got a name? Got a point? 

May 25, 2016 05:17 AM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

You should read the post I wrote today!

May 25, 2016 02:26 PM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Agents fulfilling their fudiciary duties are agents who put their clients first. Agents who don't will ultimately lose their license to practice real estate.

May 25, 2016 06:15 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sorry, I don't have any examples.

May 25, 2016 04:46 AM
Ambassador
6,392,879
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671
A fiduciary duty is a legal duty to act solely in another party's interests. Parties owing this duty are called fiduciaries. The individuals to whom they owe a duty are called principals. Fiduciaries may not profit from their relationship with their principals unless they have the principals' express informed consent.

Fiduciary Duty | Wex Legal Dictionary / Encyclopedia | LII / Legal ...

https://www.law.cornell.edu/wex/fiduciary_dutyLegal Information Institute

May 25, 2016 03:55 AM
Ambassador
2,178,433
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Sounds like a test question.   Read this post by Kathleen Daniels.

May 25, 2016 03:50 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea. 

Jun 14, 2019 09:34 AM
Rainmaker
900,008
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Is this not in your basic textbook?

May 26, 2016 12:58 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

being anonymous

May 25, 2016 10:38 PM
Rainmaker
4,571,456
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Sorry you lose.  You didn't ask in the form of a question.   Next, contestant - please.   

May 25, 2016 09:39 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

There is a featured post by Pat Kennedy . Please read it.

May 25, 2016 09:38 PM
Rainmaker
7,834,945
Roy Kelley
Retired - Gaithersburg, MD

Follow the rules in your state.

May 25, 2016 08:54 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Example of fulfilling fiduciary duty: protecting your client's interests when communicating in price negotiations. Example of breaching: telling a buyer your seller is desparate and will accept $100K below asking price.

May 25, 2016 07:00 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Focus on the positive not the negative and just so you know, this kind of questioning is not on the real estate exam.

May 25, 2016 01:26 PM
Rainmaker
533,993
Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

hi anonymous, i always wonder why people dont put their name on their questions?

May 25, 2016 01:14 PM
Rainer
60,021
Coal Infantino
Coldwell Banker - York, PA
Realtor specializing in south central PA

The queston is very broad. Almost like the answers could go on and on. Was there a specific situation that we could help with?

May 25, 2016 06:22 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

There are many court cases and regulatory actions documenting the neglecting or breaching of the duties.

May 25, 2016 04:57 AM