8: Listing & Brokerage-Exam Prep
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Listings Parties / Duties / Contract Parties Listing broker– fiduciary of buyer client or seller client. Subagent– fiduciary of listing broker’s client Customer– non-fiduciary principal in transaction. Fiduciary duties An agent owes fiduciary duties to the principal. These basic fiduciary duties are: Care, Obedience, Accounting, Loyalty, Confidentiality, Disclosure. Disclosure is a key responsibility. […]