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What kind of listing agreement is illegal in many states because of the potential for conflict of interest between a broker's fiduciary responsibility to the seller and broker's profit motive?
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What is pseudo conflict?
pseudo-conflict is a conflict or situation where the people are actually in agreement , but perceptions and misunderstanding prevents them from seeing that they are in agreement
What is the difference between potential and actual conflict?
Potential conflict is before a conflict it is in motion, but actual conflict is toe to toe combat, i.e war.
What is a fiduciary agent and why would I have one?
" A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.[1] " A fiduciary duty is the highest standard of care at either equity or law. A fiduciary is expected to be extremely loyal to the person to whom they owe the duty (the "principal"): they must not put their personal interests before the duty, and must not profit from their position as a fiduciary, unless the principal consents. The fiduciary relationship is highlighted by good faith, loyalty and trust, and the word itself originally comes from the Latin fides, meaning faith, and fiducia. When a fiduciary duty is imposed, equity requires a stricter standard of behavior than the comparable tortious duty of care at common law. It is said the fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, a duty not to be in a situation where their fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from their fiduciary position without express knowledge and consent. A fiduciary cannot have a conflict of interest. It has been said that fiduciaries must conduct themselves "at a level higher than that trodden by the crowd"[2] and that "[t]he distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty."[3]
What are duties of trustee?
The trustee has a fiduciary duty to the beneficiary of a trust. The trustee is the legal owner of the property of a trust. The beneficiary has no legal title to the property in the trust but may get use of the property without ownership. A beneficiary can show a breach of a fiduciary duty if the benefit, profit, or gain was acquiredWhile there was a conflict of interest: this most often occurs when the fiduciary does not serve the beneficiary's best interests.By taking advantage of the fiduciary position: this occurs when a fiduciary profits from his position, which is prohibited in the relationship
What is potential conflict?
Potential conflict refers to a situation where there is a possibility of disagreement, opposition, or tension arising between parties due to differing interests, perspectives, or goals. It has not yet escalated into an actual conflict but has the potential to do so if not managed effectively. Conflict resolution strategies can be employed to address potential conflicts before they escalate.
What is an agreement to stop a conflict?
A peace agreement/treaty, a truce, a cease-fire agreement/treaty, ...
Which of the following regions had the highest potential for international conflict?
which of the following regions had the highest potential for international conflict?
Is although the opposite of agreement?
No, it's conflict
Why did the united States support the formation of the north Atlantic treaty organization?
Answer this question… To prepare for a potential conflict with the Soviet Union.
What is the name where a conflict is resolved at the end?
resaloution or agreement
Can an employee be forced to sign a Conflict Of Interest agreement?
no
What is a form of suspense or potential conflict?
Tension
