Fiduciary duty in real estate requires you to put your client's interests ahead of your own in all aspects of the real estate relationship, from providing honest and accurate advice to negotiating on their behalf.1 This duty of care extends beyond the actual transaction and lasts as long as ...
Related to fiduciary duty:Fiduciary Responsibility Graphic Thesaurus🔍 DisplayON AnimationON Legend Synonym Antonym Related </>embed</> legal duty fiduciary... noun Words related to fiduciary duty nounthe legal duty of a fiduciary to act in the best interests of the beneficiary ...
2. Describing a duty or obligation to act in the best interest of another person or institution. For example, an elected government might state that it has a fiduciary duty to wisely use the taxes it collects. 3. Anunsecured loan.
A real estate agent has a fiduciary duty to act in the best interests of their client, provide full disclosure, and avoid any conflicts of interests. A board member of a nonprofit organization has a fiduciary duty to act in the best interests of the organization and avoid any self-dealing,...
(redirected from fiduciary duty)Also found in: Dictionary, Thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia. Related to fiduciary duty: Fiduciary ResponsibilityFiduciary An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The ...
A fiduciary financial advisor must uphold a fiduciary duty to you. That fiduciary duty legally protects you as a client. A doctor can’t legally sell you a drug that isn’t best for your condition just because they get a commission from the drug company. According to the law, neither can...
Does Pension Funds' Fiduciary Duty Prohibit the Integration of Environmental Responsibility Criteria in Investment Processes?: A Realistic Prudent Investme... Pension funds have recently developed an increasing interest in environmental, social or governance (ESG) criteria, but critics claim that the inte...
36:443 group.1 Cornerstones of fiduciary duty are to keep a beneficiary well informed and keep intact a clear line of communication. These canons of fiduciary duty are inextricably connected to fiduciary accounting, which in turn, is governed by state statute.2 Fiduciary accounting statutes must,...
Fiduciary duty is a legal duty to act in your interest – and it’s what makes someone a fiduciary vs. a financial advisor. Fiduciary duty is the most important criteria when answering the question, “What is a fiduciary?” It ensures there is no conflict of interest between the advisor ...
fiduciary, and the beneficiary is the principal. Under a trustee/beneficiary duty, the fiduciary has legal ownership of the property or assets and holds the power necessary to handle assets held in the name of the trust. In estate law, the trustee may also be known as the estate’s ...