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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (78032)5/22/2007 8:27:46 PM
From: Think4YourselfRead Replies (1) of 306849
 
Seminole,

I agree with your assessment of fiduciary duty. It matches what I learned in school years ago. That being said if you do a web search on "Realtor" and "Fiduciary Duty" you will find scores of hits where the courts said the Realtor DID have a fiduciary duty. It appears precedent has been set that contradicts what would normally happen.

Here is one of many cases the search returned. It's short and very readable.

metnews.com

It also appears the definition of fiduciary duty has been expanded since I went to law school (never finished):

en.wikipedia.org

Interestingly, they say precedent has been set where stockbrokers have a fiduciary duty to their clients.
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