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Ambassador
1,821,266
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Oct 08, 2020 02:12 PM
Ambassador
3,056,291
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I suggest you don't ever find out through your first-hand experience. 

Oct 08, 2020 12:43 PM
Rainmaker
2,641,802
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

What happens when you find out a friend, spouse, or neighbor betrayed a trust or disrespected one? Fiduciary is worse because you have pledged the opposite which is to protect under any and all conditions your client and your client is relying on that even surrendering to it. Do it or quit the business. NOTE: E & O insurance was born out of failing fiduciaries

Oct 08, 2020 12:40 PM
Rainmaker
991,345
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Trouble, trouble, trouble

Oct 09, 2020 07:29 AM
Rainmaker
4,210,532
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

You and your license may soon be parted!

Oct 09, 2020 04:15 AM
Ambassador
4,579,842
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Depends, and you don't want to learn the hard way.

Oct 08, 2020 07:07 PM
Rainmaker
1,736,653
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Many possibilities... some or all:
  Loss of license
  Fines
  Jail time

Oct 08, 2020 04:46 PM
Rainmaker
6,607,673
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You may be going to jail and paying some big fines. And, of course, your license would be terminated.

Oct 08, 2020 02:55 PM
Rainmaker
4,118,287
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

You might end up in real estate jail.

Oct 08, 2020 02:51 PM
Rainmaker
3,467,378
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Unethical!

Oct 08, 2020 02:26 PM
Rainmaker
611,146
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Not much.  It happens every day.

Unless a consumer files a complaint with the state and has compelling evidence of losing money because of it, it will not get the attention that it should have.

Unfortunately, too many agents do not understand what fiduciary duties are.

Eve

Oct 10, 2020 06:55 AM
Rainmaker
910,971
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

You could be on the wrong end of an ethics complaint.

You could be on the wrong end of an arbitration and that would cost you cash.

You could be on the wrong end of a lawsuit.

You could be on the wrong end of a criminal complaint.

Your broker could fire you.

You could be on the wrong end of lose your license.

You could be on the wrong end of go to jail.

Oct 09, 2020 03:55 PM