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Our profession will always experience change, as we have seen in the past several months. It is our duty to adapt to these changes as we continually work to master our craft. One thing I don't ever see changing is the fiduciary duties we owe to our clients. A client can be a seller or a buyer and has a contractual agreement with us (agency), which is also called a fiduciary duty.
Fiduciary duties are the highest duties known to law. Common examples of fiduciaries outside our profession include trustees, executors, and guardians. Our fiduciary duties are governed by law, requiring us to uphold specific duties to our clients, in addition to any obligations set forth in a listing agreement or other contractual agreements.
Our fiduciary duties include:
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