View Single Post
  #19  
Old Posted Mar 2, 2007, 4:35 AM
clooless clooless is offline
Registered Luser
 
Join Date: Nov 2006
Location: Calgary, Alberta
Posts: 424
Quote:
Originally Posted by m0nkyman View Post
Real Estate agents have a fiduciary duty to put their clients interests ahead of their own. That duty is enshrined in law.

Car dealerships do not have any fiduciary duty similar.
Of course. Now everything is making sense. I recall that when I bought my condo my real estate agent presented me with a statement saying that she was acting as my agent and bound to act in my interest. By flipping the property at a huge profit, the agent breached their fiduciary duty.

Thank you everyone.
Reply With Quote