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Kaushik Sirkar, Ph.D.
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Kaushik Sirkar

Realtors have a FIDUCIARY duty to their clients

http://www.inman.com/news/2008/04/15/jury-sides-with-realtor-in-dispute-over-sales-price

See this article.  Do I know what went on behind the scenes?  Nope.  Did this Realtor act ethically?  Did they fulfill their fiduciary duty to their clients?  I have no way of knowing.  But it is an opportunity for me to bring up the topic of Fiduciary duty as it relates to Realtors.  A Realtor has a Fiduciary duty to his/her clients - that is to do what is in their clients best interest!  There are certainly many implications to this....showing ALL properties that fall within their clients parameters, not just those with higher commissions.  Being truthful about current market conditions and not "painting a picture" the might artificially promote a transaction.  You get the idea.

Is your Realtor concerned with your best interest?  Or are they looking for the biggest/quickest buck they can make?  Certainly something to think about....

Published Wednesday, April 16, 2008 10:10 PM by Kaushik Sirkar

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richa singh said:

Hi Kaushik,

Thank you for this information. Very insightful!

November 15, 2008 9:39 PM

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