<--Back to Wiki Home

Define Fiduciary in Real Estate

Fiduciary: 

A fiduciary is a person, like a real estate agent, who is trusted to act in the best interest of their client. They have a special responsibility to be honest, loyal, and put the client's needs first when helping them buy or sell a property.

Example: 

Imagine you're a real estate agent, and a client hires you to help them buy a house. As their fiduciary, you must work in their best interest, giving them honest advice and putting their needs above your own when finding and negotiating the perfect home for them.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

As a real estate agent who's wise, a fiduciary role you'll realize,
You're trusted to be loyal and true, with your client's best interests in view.

When a client needs a new abode, it's you who'll help them on this road,
Their trusted guide, you will be, putting their interests first, you see.

A fiduciary's job, my friend, is to care for your client 'til the end,
For in your trust, they can believe, as you help them buy or achieve.