When it comes to fiduciary duty in real estate, the “confidentiality” portion lasts forever—even after a property is closed on. Unless under legal order or instructed to do so by the client, you can’t disclose any private information about your clients or their finances to anyone. The o...
Forward P/E is a valuation metric that uses earnings forecasts to calculate the ratio of the share price to projected earnings per share. The P in Forward P/E stands for price, or share price. The E stands for future earnings.
A fiduciary must put your best interests first when making investment recommendations. A fiduciary's recommendations aren't influenced by the amount or type of compensation he or she gets paid. By contrast, the suitability standard is a pretty low bar: A recommended investment needs to be merely...
A fiduciary may include a trustee of a trust, a business adviser, attorney, guardian, estate administrator, real estate agent, banker, stockbroker, or title company. The fiduciary has more knowledge and expertise about the matters being handled and is held to a higher standard of conduct and ...
Before buying, an investor should still factor in the rental rates in the area where the property is located to ensure they can find a tenant. Investors in real estate, and those interested in entering the market, would do well to understand the 1% rule. After all, before investing in pro...
A fiduciary is someone who must maintain high standards of care for an individual’s person, property, or finances. Fiduciaries include estate executors, real estate agents, physicians, attorneys, and financial advisors, all of whom are obligated to act in the best interests of their clients. ...
Delinquency may also describe a financial professional failing to perform their fiduciary responsibilities. For example, a wealth management adviser recommending a high-risk venture to a retired client may be deemed delinquent. This is because a retiree generally has lower risk tolerance, so suggesting...
If you have Bitcoins or other crypto currencies, it is strongly recommended that you take care of the estate yourself and at least explain the subject to a dedicated main heir. Because the exchange rates of these currencies fluctuate wildly, it’s very important to be knowledgeable in this are...
Fiduciary Duties For Real Estate Agents Do Not Exist Unfortunately, it is possible to wind up with an agent legally prohibited from looking out for you and representing your interests as afiduciary. With dual agency – when a single agent represents both buyer and seller – the agent can’t...
In some situations, such as where afiduciaryrelationship is involved, misrepresentation can occur by omission. That is, misrepresentation may occur when a fiduciary fails to disclose material facts of which they have knowledge.1 A duty also exists to correct any statements of fact that later become...