6 – Obligations to the Non-Client – Disclosure 101 What Do You Need To Know
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A broker has no fiduciary duties in the absence of a broker-client relationship. See, e.g., Norville v. Plant, 25 Ariz. App. 606, 545 P.2d 454 (App. 1976). Thus, the disclosure obligations owed to the non-client are narrower than the disclosure obligations owed to the client. For example, in Buffington v. Haas, 124 Ariz. 36, 601 P.2d 1320 (1979) the court […]