Sentences with phrase «as undivided loyalty»
The form states that a buyer's representative agrees to act solely on behalf of the buyer and owes certain fiduciary duties to the buyer, such as undivided loyalty, confidentiality, full disclosure, obedience, and a duty to account.
https://www.nar.realtor/ Not exact matches
See Section VIII (d) of the BIC Exemption As set forth in the preamble to the BIC Exemption, 81 FR at 21028 (April 8, 2016), this definition «incorporates the objective standards of care and undivided loyalty that have been applied under ERISA for more than forty years.»
Part of Full Agency is the fiduciary element of «undivided loyalty» and as such a Real Estate Professional, REALTOR, who is representing a Full Client can't focus equally on everyone because it would be a breach of their Fiduciary Responsibility!
Regarding the authors following statement: «The Working With a REALTOR ® brochure, a great place to start your Agency conversation, lists one of your fiduciary duties as «undivided loyalty».
The Working With a REALTOR ® brochure, a great place to start your Agency conversation, lists one of your fiduciary duties as «undivided loyalty».
Yes in that my contention is first and foremost that when we turn a seller or buyer into a client, we agree to provide fiduciary duty — an undivided loyalty which includes protecting their bests interests which in turn includes negotiating on their behalf as per their direction after being able to benefit from our counsel.
If you can't honour the «undivided loyalty» requirement for the two hours it takes to complete an open house, then it clearly would be in jeopardy in all other situations where the timeline commitment isn't as clear!
The basic principle of designated agency as proposed by the ATF is that, in the above scenario, both the seller and the buyer in this «in - house» transaction would be able to continue to receive the full benefit of agency representation, complete with the undivided loyalty, advice and advocacy of their respective licensee agents, while it is the brokerage that remains impartial.
In particular as it relates to an open house, the Fiduciary aspect of the Agency Working Relationship compels a real estate practitioner REALTOR to contain themselves within the requirement of «undivided loyalty» for the duration of the open house.
As indicated above, a licensee has a duty of undivided loyalty to a client.
Risk Factor No. 1 Your fiduciary duty as a real estate professional is to be absolute and undivided in your loyalty; there should be no hint of any conflict of interest.
As a fiduciary, the realty professional owes the client undivided loyalty, so he or she must put your best interests before all others, including his own.
Undivided Loyalty The fiduciary duty that prohibits the agent from advancing any interests adverse to the principal's interest or conducting the principal's business in such a way as to benefit a customer, a subagent, the agent, or any other party to the detriment of the principal's interest unless required by statute, regulation, or common law — e.g., disclosing material facts and defects of a property.