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- duty of loyalty is one of the most fundamental fiduciary duties owed by an agent to his principal. This duty obligates a real estate broker to act at all times solely in the best interests of his principal to the exclusion of all other interests, including the broker’s own self-interest.
www.nar.realtor/sites/default/files/handouts-and-brochures/2014/nar-fiduciary-duty-032213.pdf
What is fidelity in legal terms? Fidelity in legal terms refers to the loyalty and faithfulness that one party owes to another, especially in relationships like marriage or business partnerships. It means being trustworthy and keeping promises.
Fiduciary duties are owed when someone “has undertaken to act for or on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence”.1 Generally, Person A must be reliant on Person B to exercise powers or act for the benefit of A, in circumstances where A can expect B to put A’s interests f...
It refers to the level of loyalty or faithfulness. How to use "fidelity" in a sentence. The fidelity of the manager to the company principles impressed the board of directors. The contract required a high degree of fidelity from the contractor to adhere to the terms laid out.
Estate - The degree, quantity, nature and extent of interest which a person has in real property. Estate in Reversion - The residue of an estate left for the grantor, to commence in possession after the termination of some particular estate granted by the grantor.
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Nov 13, 2023 · Even if you know every one of the 136 real estate terms on this list and how to use them, your clients expect you to be their interpreter. This comprehensive list of real estate definitions will help you ensure you’re communicating with clients effectively.
Fidelity Property. definition. Fidelity Property has the meaning set forth in Section 4.13 (b). Fidelity Property means real estate owned, leased, or otherwise used by Fidelity or Thrift, or in which Fidelity or Thrift has an investment (by sale and leaseback or otherwise) in each case, which real estate is owned, leased, or otherwise used on ...
4 days ago · Equity in real estate is calculated as the difference between the property's market value and the amount still owed on any mortgages or loans secured by the property. Your home's current market value is the price it would likely sell for today. You can find this by looking at recent sales of similar homes in your area or using online valuation ...
