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Rainmaker
1,439,321
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No offense, but if you're teacher isn't covering these...

 

Fairness and honesty in dealings with your clients and the public are some of the biggies.

Apr 17, 2018 04:58 PM
Rainmaker
7,129,717
Roy Kelley
Retired - Gaithersburg, MD
fiduciary is a person who holds a legal or ethical relationship of trust with one more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money for another person.
en.wikipedia.org/wiki/Fiduciary
Apr 17, 2018 04:40 PM
Ambassador
4,626,777
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Diana Dahlberg has your answer!

Apr 17, 2018 08:57 PM
Rainmaker
586,728
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

When I went through Realty Classes back in 1994 ... we were taught to memorize COLDR

Confidentiality

Obedience to the Laws of our State

Loyalty and Accountability

Disclosure

Reasonable Care and Service

Apr 17, 2018 06:07 PM
Ambassador
4,776,298
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

You have some good answers here. Nothing I can add, except that are ALL important!

Apr 17, 2018 05:04 PM
Ambassador
5,826,146
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Roy knows this, all the best to you with your studies.

Apr 17, 2018 07:46 PM
Rainmaker
583,417
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

if you have fiduciary responsibility, there is only one duty.

Apr 17, 2018 05:39 PM
Ambassador
4,318,202
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Angela Stephens - I can say Roy Kelley nailed it.

Apr 17, 2018 10:56 PM
Rainer
87,920
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

A student?

Apr 17, 2018 10:24 PM
Rainmaker
1,568,380
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Dr. Google.

Apr 17, 2018 10:04 PM
Ambassador
3,987,060
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I'll  be teaching these to new potential real estate students on Saturday. Want to come?

Apr 17, 2018 08:46 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Have you  not learned this yet.

Apr 17, 2018 08:28 PM
Rainmaker
619,349
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

You have some good responses already.

Apr 17, 2018 08:10 PM
Rainmaker
3,761,640
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Angela, many great responses.

Apr 17, 2018 07:08 PM
Rainmaker
2,700,715
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Trust says it all...from there, everything springs

Apr 17, 2018 06:49 PM
Ambassador
2,613,313
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   It's what most Florida home buyers and sellers think that they have with the agent, but in reality it's something that they do not have with the agent.

Apr 17, 2018 06:17 PM
Rainmaker
5,581,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

plenty of good answers here...

Apr 17, 2018 05:55 PM
Rainmaker
5,768,742
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Angela, here is the definition of fiduciary, this should help

A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. 

Your teacher should be giving you the exact duties, not us, or you could look them up on Google.  A

Apr 17, 2018 04:18 PM
Ambassador
3,175,229
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies and with your careeer.

Apr 18, 2018 08:23 AM
Rainer
140,510
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

I never work in a fiduciary capacity. Let me correct that... I RARELY work as a fiduciary. But when I do I have to read it to the customer and have them sign it. 

Apr 18, 2018 07:36 AM
Rainmaker
2,059,380
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Agency Responsibilites

Apr 18, 2018 07:30 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They are spelled out by your state.

Apr 18, 2018 06:33 AM
Rainer
364,904
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Obviously something your instructor is not practicing or demonstrating with you & the rest of your classmates. Don't be so scared to ask questions in class, because this business is about asking the tough questions.

Apr 18, 2018 06:25 AM
Rainmaker
4,633,637
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

See Diana Dahlberg comments!

Apr 18, 2018 05:51 AM
Rainmaker
3,071,034
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Praful Thakkar nailed this one!

Apr 18, 2018 05:16 AM
Rainmaker
4,414,439
Richard Weeks
Dallas, TX
REALTOR®, Broker

OLD CAR

Obedience

Loyalty

Disclosure

Confidentiality

Accounting

Reasonable Care

Apr 18, 2018 05:03 AM
Rainmaker
1,372,815
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Honesty

Apr 17, 2018 08:06 PM
Rainmaker
2,205,128
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You have many answers here Angela.

Apr 19, 2018 10:31 AM
Rainmaker
563,728
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Thank you Diana Dahlberg 

Apr 19, 2018 06:38 AM
Rainmaker
4,572,701
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I find it hard to believe your instructor has not covered this and that they are not listed in your text books.

Apr 18, 2018 04:03 AM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Roy has answered.

Apr 18, 2018 02:59 AM
Rainmaker
2,069,797
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

I hope you find the best answer on your guestion. 

Oct 26, 2018 10:16 PM
Rainmaker
1,598,230
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

A lot great answers are here, Good luck.

Oct 26, 2018 10:11 PM
Rainmaker
5,399,721
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

What you owe a client in an agency relationship.

Apr 23, 2018 05:54 PM
Rainmaker
1,054,223
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

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

https://www.law.cornell.edu/wex/fiduciary_duty
 
fiduciary duty is the highest standard of care. The person who has a fiduciary duty is called thefiduciary, and the person to whom he owes the duty, is typically referred to as the principal or the beneficiary. If an individual breaches the fiduciary duties, he or she would need to account for the ill-gotten profit.
Apr 19, 2018 09:52 PM