1\) n. Latin meaning “trust.” Refers to a business or person who may act for another with total trust, good faith, and honesty who has the complete confidence and trust of that person. A fiduciary may include a trustee of a trust, a business adviser, attorney, guardian, estate admini...
real estate agents representing principals, trustees, and guardians. Because of the fiduciary relationship between an agent and principal, it is difficult to understand the concept of dual agency, in which the broker may represent both the buyer and seller.A seller's fiduciary must keep all the...
1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty. The most common is a trustee...
and she understands the meaning of the words “fiduciary duty” and “loyalty” like no other person I have met. I cannot imagine more critical attributes for a fiduciary. There is nobody else I would trust more to oversee my assets, ensure that they are well-managed, and protect and pre...
The only fee or compensation we receive comes directly from our clients. That allows us to act as FIDUCIARIES, meaning… BY LISTENING We ask every client a simple question –“What is it that you want to accomplish?” By listening carefully… ...
. Inherent in this construct, however, has been a requirement to provide “reasonable notice” of termination. This requirement has appeared in case law dating back more than 100 years. Recently, the Virginia Supreme Court clarified the meaning of this “reasonable notice” requirement in the at...
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You have little input or control.With real estate you can use insider knowledge. Investments are retailmeaning there are many layers of salesmen. Everything is based off sales commissions. The key is to get closer to the source to cut out all the layers of middlemen. ...
Since the creation of Uniform Principles in the United States, there has tended to be lack of clarity about their meaning and purpose." Id. at 290–91. 452 ACTEC LAW JOURNAL [Vol. 36:443 the Uniform Principles as one method of fiduciary accounting, with New York and Washington D.C. ...
regulates federal savings associations and their fiduciary activities in the U.S. Fiduciary duties can, at times, conflict with one another, a problem that often occurs with real estate agents and lawyers. Two opposing interests can, at best, be balanced; however, balancing interests is not...