Tag Archives: fiduciary duty

Compliance and off-market listings: The fiduciary duty at play

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Regardless of the CCP’s future, fiduciary duty remains a constant in real estate practice, demanding an unwavering commitment from licensees, Summer Goralik writes. Continue reading →

Edina Realty settles for $3.5M over ‘secret’ home warranty payments

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The deal will refund buyers and sellers after the brokerage allegedly failed to disclose to its clients that it had received payments from Home Security of America to advertise HSA’s home warranties. Continue reading →

Lesson Learned: Take your fiduciary responsibility seriously

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Find out how “consummate student” and San Francisco agent Chris Jurach keeps challenging himself to “learn new things, read and listen to books, and gather fresh ideas.” Continue reading →

Want to avoid AI pitfalls? Think like a compliance officer

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Real estate professionals would be wise to think like regulators and prioritize compliance when evaluating the potential use of AI in their business, compliance expert Summer Goralik writes. Continue reading →

Everything agents should know about fiduciary duties

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Real estate agents should be familiar with these duties and make sure to adhere to them to avoid legal liability and to maintain the trust and confidence of their clients. Continue reading →

Former Keller Williams’ CEO John Davis sues Gary Keller for $300M

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John Davis filed suit, he says, in an effort to restore his reputation after sexual misconduct allegations against him surfaced this year. “There is a price to ruin someone’s life,” his spokesman told Inman. Continue reading →

Widow sues Compass for alleged abuse in pocket listing sale

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The lawsuit alleges Compass agent Cory Cooper pressured an elderly homeowner to sell her property off the multiple listing service to a real estate investor he knew. Continue reading →

Homebuyers sue REX after losing $140K in wire fraud scam

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The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage’s title company and sent the buyers fraudulent wiring instructions. Continue reading →

KW demands REX turn over audio recordings in commission suit

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The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case. Continue reading →

22 common ways agents violate the Realtor Code of Ethics

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Broker and ethics hearing officer Barbara Betts details the ways agents misrepresent themselves and the transaction, sometimes inadvertently. Continue reading →