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Yes, an agent is typically considered a fiduciary, which means they have a legal obligation to act in your best interests. This duty includes being loyal, honest, and acting with care and skill on your behalf. It also means they must avoid conflicts of interest and disclose any relevant information to you.
What else can I help you with?
What do you have to do in the realstate agent?
what do you do in the realstate agent
What is the most active chemotherapeutic agent?
The chemotherapeutic agent dacarbazine, or DTIC, seems to be the most active agent.
Is N2 an oxidizing agent?
Nitrogen is not an oxidizing agent.
What is the oxidizing agent in butane combustion?
The oxidizing agent is oxygen.
Is lithium a strong oxidizing agent?
No, lithium is not a strong oxidizing agent. It is in fact a reducing agent because it readily donates its electron in chemical reactions.
Is an insurance company a a fiduciary agent?
Yes.
What is an agent fiduciary capacity?
To sell variable life insurance policy polices, agent must recieved
What is a fiduciary account?
fiduciary account -- a savings account, the funds of which are owned by one individual but administered for that individual's benefit by another individual, such as a legally appointed conservator, trustee, or agent.
What is a Fiduciary deed?
A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.
What are the duties of a real estate agent?
When an agent is hired to represent his/her client an agency relationship is formed whereby the agent owes the client fiduciary duties, that include, loyalty, obedience and confidentiality.
Duties of an agent to his principal?
An agent owes fiduciary duties of loyalty, good faith, and fair dealing. An agent has to always prioritize the best interests of the principal, and must never act beyond his/her authority.
Is an adjuster a fiduciary agent?
An adjuster is not typically considered a fiduciary agent. Fiduciary agents have a legal obligation to act in the best interests of their clients, whereas adjusters primarily serve the interests of the insurance company they represent. Their role involves assessing claims and determining the amount to be paid, which may not always align with the policyholder's best interests. However, adjusters must still adhere to ethical standards and fair practices in their evaluations.
What are the responsibilities of a real estate agent in maintaining a fiduciary relationship with their clients?
A real estate agent's responsibilities in maintaining a fiduciary relationship with their clients include acting in the client's best interests, providing honest and accurate information, maintaining confidentiality, disclosing any conflicts of interest, and handling the client's finances with care.
What are the legal obligations and responsibilities involved in a fiduciary relationship in the context of real estate transactions?
In a fiduciary relationship in real estate transactions, there are legal obligations and responsibilities that require the fiduciary (such as a real estate agent) to act in the best interests of their client. This includes providing honest and accurate information, avoiding conflicts of interest, and maintaining confidentiality. Failure to fulfill these duties can result in legal consequences for the fiduciary.
How do you obtain funds that are deposited in a fiduciary account?
The fiduciary is the person with the authority to make deposits to and withdrawals from a fiduciary account. If the original fiduciary cannot act a new fiduciary must be appointed.
Who does a Real estate agent represent?
either the buyer or seller of a property There are several types of representation that a real estate agent may be hired to perform. The agent can be retained in a single agency representation to represent the seller or as a buyer-agent representing the buyer. Single agency results in a fiduciary relationship to either the buyer or seller, but not both. Dual agency is where the real estate agent owes a fiduciary relationship to both parties and is not permitted in many states. A real estate agent can also be retained to provide what is called transaction brokerage whereby they do not represent either the buyer or the seller but instead performs services to facilitate the transaction and would be bound to treat both parties fairly but does not owe a fiduciary relationship to either. When retaining the services of a real estate agent inquire as to the nature of their representation and who they in fact represent. Keep in mind that as their representation of a particular party to the transaction evolves, the representation obligations and fiduciary duties may change. It is obligation of the real estate agent to disclose in establishing a relationship and also if and when it changes during the transaction.
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]
