Fiduciary Duties of a Real Estate agent to their clients

Today's topic is Fiduciary Duties.  There are 6 core elements to consider in Fiduciary Duties:
Accountability, Care, Confidentiality, Disclosure, Loyalty, and Obedience.  The bottom line is that an agent needs to ALWAYS put the needs of their client above their own interests.

Accountability is the obligation to make sure the deposit check is deposited to the right account by the due date.  It is also the obligation to make sure the clients home is locked up and secure when the agent is finished showing the home.
Care is the obligation to go above and beyond for your client when you see that they are in need of something during the transaction, to truly care about your client will go a long way with them when they want to refer their friends and family to a good real estate agent.
Confidentiality is the obligation to keep your clients financial positions confidential from the other side of the transaction.  For example, if the client wanted to offer $650,000 for a home, but they could afford and would be willing to pay up to $700,000 for the home, it is the agents duty to keep that confidential.
Disclosure is the obligation to disclose all material facts known about the property, including any rumors heard about the property.  For example, if the property was near a train track, and every night at 11pm the whole house shakes from the train rushing by, that would need to be disclosed.  (That is not something that is likely to be discovered until ownership of the home is taken.  It would not be discovered by a home inspector, or any other specialized inspections, neither is it likely that prospective home buyers would look at homes at 11pm at night, therefore it needs to be disclosed.)
Loyalty is the obligation to put the needs of the client above the agents own needs.
Obedience is the obligation to do what the client asks you to do (so long as it's legal.)

It is very important that you select the right agent!  Honesty, integrity, experience is important! 

If you need any assistance, please give me a call/text.