A person to whom power or property is
entrusted for the benefit of another.
The
relationship between a principal and his/her
agent is deemed to be a fiduciary
relationship. Many types of fiduciary
relationships exist in the market, such as a
lawyer working on behalf of a client, a
trustee acting on behalf of an estate, and a
real estate broker working as agent for a
seller or buyer.
Fiduciary responsibilities are usually
discussed based on six primary areas:
accountability, confidentiality, competence,
good faith/full disclosure, loyalty, and
obedience.
Looking to Buy or Sell Luxury
Real Estate In Toronto, North York, Thornhill,
Woodbridge, Vaughan, Richmond Hill, Aurora, King
City and beyond...visit LuxuryBroker.ca
Mortgages247.ca 2011 Apply Online without Blackouts Mortgages247.ca is designed to provide competent and
reliable information regarding the subject matter covered. However it is
provided, free of charge, with the understanding that the authors are not
engaged in rendering legal, financial or other professional advice. Law and
practice often vary from province and province and if legal or other expert
assistance is required, the services of a professional should be sought. The
authors specifically disclaim any liability that is incurred from the use or
application of the contents of this website.
