To whom do you owe all fiduciary obligations?

In real estate, fiduciary obligations are the highest standard of care that one party must follow for another party. When you are acting as a real estate salesperson, your fiduciary obligations are owed to your client. This includes loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting. The relationship you have with your client is defined by a mutual agreement, and it is your responsibility to act in their best interests throughout the transaction.

While customers, brokers, and sellers are important participants in a real estate deal, fiduciary duties specifically relate to the relationship with the client only. For example, a customer may seek assistance and guidance, but they do not have the same legal protections as a client, who has hired you to represent their interests. Similarly, while brokers oversee the actions of salespersons, the fiduciary duties are focused on the client with whom the salesperson has entered into a contractual agreement.