Sentences with phrase «principal duties owed»

The principal duties owed to clients are well known: commitment, confidentiality, candour and competence.

Not exact matches

In addition, the court... [noted] that claims made by Lampack that the contract placed a fiduciary duty on Grimes» -LCB- are -RCB- unsupported by case law and the general principles of agency law that the obligations that a principal owes an agent are not fiduciary.»

«Every servant and every agent owes to his master or principal duties of good faith and fidelity.

As your fiduciary, an agent is held by law to owe specific duties to his / her principal (person who they are representing).

And yet a mediator has no principals, he owes no fiduciary duties to either side.

The Realtor now has two principals to whom certain duties are owed.

The court held that whether an agency relationship arises expressly or impliedly, the agent owes fiduciary duties to the principal.

The court found that an expired agency contract may be extended by a broker's actions and the principal's acquiescense, and that where implied agency exists, the agent owes all requisite fiduciary duties.

In Adams v. Kerr, the Missouri Court of Appeals addressed the duty of loyalty owed by an agent to its principal.

In addition, a Realtor may have a number of other listings with different seller ‑ principals and he can work with various buyer ‑ principals, to all of whom he owes fiduciary duties.

The trial court found that the Owner and Wheat were in a principal / agent relationship and also Wheat owed the Owner a fiduciary duty.

In real estate the definition is often applied to the honest and ethically fair care that must be given to the third party in a transaction, as opposed the the higher and stricter fiduciary duty a REALTOR ® owes to the principal of the transaction.

The changes would allow one or more licensees to be designated as agents for a seller or buyer, rather than the current practice of all licensees within a brokerage firm owing fiduciary duty to the principal.

Real estate agents, on the other hand, are a representative for one of the principals and owe a fiduciary duty to their client.

The principal real estate broker and the real estate licensees representing either seller or buyer shall owe the following duties to the seller and buyer:

The court dismissed the fraud and negligence claims under the statute of limitations, but found that the broker breached an implied agency contract under which she, as agent, owed a duty to act in the best interests of the buyer / principal.

The court concluded that no principal - agent relationship was created between the purchaser and the licensee, and therefore, the licensee did not owe a fiduciary duty to the purchaser.

Assuming that's true, and you were paying a fee to the manager, that manager owes you, the principal, a fiduciary duty to look after your best interests.

The changes allow one or more licensees to be designated as agents for a seller or buyer, rather than the current practice of all licensees within a brokerage firm owing fiduciary duty to the principal.

Regardless of whether the duties owed in a particular state are traditional, common law fiduciary duties, or are statutorily defined, they are owed to any principal / client.

(286 A.D. 2d 572)- broker granted partial summary judgment for payment of commission as a finder; record lacks any evidence that broker performed any services that could give rise to any fiduciary duties owed; party's agreement clear that once broker introduced the principals, broker's services were no longer needed; purchase and sale contract expressly states that seller agreed to pay broker pursuant to a separate agreement, such admission entitles broker to summary judgment as to liability for payment; matter remanded for determination of compensation agreed upon