Why do real estate agents have to bear fiduciary responsibility?

2019-04-09 Real Estate No comment

Although most real estate associations' real estate laws, almost every state and ethics require agents to continue to perform fiduciary duties, protect and properly serve the best interests. , his client. However, while this may seem obvious, in practice, this can often be challenging and practically possible. To some extent, to some extent, the details, the legal, the necessary integrity and ethics, and the protection of customer trust? Just as a lawyer must protect his clients, real estate agents must protect anyone, services and representatives he employs within the limits of the law. With this in mind, this article will attempt to briefly discuss this issue and consider balance and challenge, doing so effectively and correctly.

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Tell the truth between the details and claim to be loyal to one customer: from

 Laws, claims, licensees, and real estate agents must avoid making any major misstatements and also protect the privacy of their clients. This means that if anyone knows that any major issues affecting the home may affect the value and/or future needs of any potential buyer, he must disqualify from these matters, but the items, such as personal reasons, the seller/customer, are The sale cannot be disclosed. For example, sometimes a customer is facing financial challenges, which makes him need to sell, but has nothing to do with the quality of the house, the conditions themselves. If this is the case, the agent must not give up these situations because he owes his loyalty to his clients.

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price: from

 In their quest, to get a list of real estate, some agents may overstate their positioning and valuation, and recommend a higher listing price than the best interests of the homeowner. Because, in the vast majority of cases, the best, possible quotes, in the first few weeks after its listing, in the market, the best procedures, in general, correctly price the house, starting from scratch. Remember, serving your customers' best interests is your greatest need!

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negotiation: from

 When an agent negotiates, it must be in your best interest. Therefore, unless you do so, it is beneficial for him to never distinguish between other offers or actual benefits.

The real estate agent's fiduciary duty is to protect the investment of its clients and seek within the limits of the real estate market, conditions, etc., to obtain the best price. The homeowner should discuss this issue. In-depth, before hiring, the best agents to meet their needs and interests!

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