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EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
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welcome to the Fiduciary and general Obligations, a unit in the compliance and ethics in real estate elective. In this unit, you will review fiduciary and general obligations you must observe in the course of your trading activities. You will also review the behaviors and procedures that constitute conscientious and competent service in the course of different trade situations. For the purpose of this course, we will be using the term sales person to refer to both brokers and salespersons. Let's get started with fiduciary obligations. These exist to ensure that sales persons representing a client in a real estate transaction act in that client's best interests rather than serving their own interests. A fiduciary can be defined as a person or organization that acts on behalf of another person to administer assets in general, terms of fiduciary owes to the other entity, the duties of good faith and trust as fiduciaries to buyer or seller clients, registrants must maintain utmost loyalty, avoid conflict of interests, disclose conflicts, disclose financial benefits and not misuse confidential information. Fiduciary obligations are owed to the clients you represent. Click next to read a brief explanation on what each of these fiduciary obligations and tail