Sentences with phrase «of undivided loyalty»

As indicated above, a licensee has a duty of undivided loyalty to a client.

In this agency model, it is the designated agents who have the primary agency duties of undivided loyalty, obedience, and confidentiality to their client (see section 3 - 3 of the Rules).

The court held that where, at the time of execution of a sales contract, a seller is not informed that his broker also represents the purchaser, the broker has breached his duty of undivided loyalty.

I think we need to remind ourselves that there are two categories of consumers that are to be considered in all this: buyers and sellers, and when we're working for a seller in a full agency relationship we have a responsibility of undivided loyalty to them.

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.»

Announcing an extension of the car scrappage scheme, Mandelson pledged his full, undivided attention and loyalty to the prime minister until the party was back on top.

Lawyers will not be forced to choose between their obligations of confidence and undivided loyalty to their clients and their legal obligations to the state.

Justice Ian Donald wrote on Jan. 13, 2013: «The public is disadvantaged by the conflict, whether the respondents derived any personal gain or not, because the public did not have the undivided loyalty of their elected officials.»

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!

avoid steadfastly any conflicts of interest that might compromise or dilute the broker's undivided loyalty to

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».

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.

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.

For example, when any industry member at a common - law brokerage takes a listing, every industry member at the brokerage is immediately considered to be a representative of that seller and owes that seller undivided loyalty, advice and advocacy.

That is to say, when any licensee at a common law brokerage enters into agency with a buyer or a seller, every licensee at the brokerage is immediately considered to be a representative of that buyer or seller and owes them undivided loyalty, advice and advocacy.

Additionally, parties are giving up their rights to the undivided loyalty of the licensee.

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.

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.