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URL:https://www.learndesk.us/class/5224100152737792/lesson/679483864fe693b29cac2912310f6464?ref=outlook-calendar
SUMMARY:Fiduciary Duties
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/5224100152737792/lesson/679483864fe693b29cac2912310f6464?ref=outlook-calendar
DESCRIPTION: The agency relationship imposes fiduciary duties on the client and agent, particularly on the agent. An agent must also observe certain standards of conduct in dealing with customers and other outside parties.
Fiduciarydutiesto the client
Skill, care, and diligence. The agent is hired to do a job and is therefore expected to do it with diligence and reasonable competence. Competence is generally defined as a level of real estate marketing skills and knowledge comparable to those of other practitioners in the area. The notion of care extends to observing the limited scope of authority granted to the agent. A conventional listing agreement does not authorize an agent to obligate the client to contracts, and it does not allow the agent to conceal offers to buy, sell, or lease coming from a customer or another agent. Further, since a client relies on a broker's representations, a broker must exercise care not to offer advice outside of his or her field of expertise. Violations of this...

https://www.learndesk.us/class/5224100152737792/lesson/679483864fe693b29cac2912310f6464?ref=outlook-calendar
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