April 17, 2006
Fiduciary Duties of a Buyer's Agent
A real estate agent is considered to be a fiduciary. Some other examples of fiduciaries are trustees, executors, and guardians. (People who protect other people.)
As a fiduciary, a real estate broker is held by law to owe specific duties to his/her principal (their client - the person who they are representing), in addition to the duties or obligations set forth in a listing agreement, buyer representation agreement, or other contract of employment. Subagents of the broker also owe the same fiduciary duties to the broker's principal. (Subagents would be all of the agents who work for the same company.)
It is definitely to your advantage to be working with an agent who always owes these duties to you.
Learn more about these responsibilities to you…





