A real estate broker or salesperson, while acting as an agent
for another, is a fiduciary. Special obligations are imposed when
such fiduciary relationships are created. They demand:
(1) that the primary duty of the real estate agent
is to represent the interests of the agent's client, and the agent's
position, in this respect, should be clear to all parties concerned
in a real estate transaction; that, however, the agent, in performing
duties to the client, shall treat other parties to a transaction fairly;
(2) that the real estate agent be faithful and observant
to trust placed in the agent, and be scrupulous and meticulous in
performing the agent's functions; and
(3) that the real estate agent place no personal interest
above that of the agent's client.
|
