What is considered an important aspect of a fiduciary duty in real estate?

In real estate, a fiduciary duty refers to the obligation to act in the best interests of another party—in this case, the client. Maintaining loyalty and safeguarding the client's interests is a cornerstone of this duty. This means that the real estate professional must prioritize the client's needs above their own, ensuring that any actions taken are in the client's best interest. It encompasses a commitment to honesty, integrity, and full disclosure.

While providing marketing materials, conducting open houses, and managing pricing are certainly important elements of a real estate transaction, they do not directly encapsulate the essence of fiduciary responsibility. These activities can be performed without a deep commitment to the client's best interests. In contrast, the duty of loyalty and protection of the client's interest reinforces the ethical and professional standards that are essential in building trust and facilitating successful transactions in real estate.