What type of duties does Brenda owe Tina in their real estate transaction?

Brenda owes Tina fiduciary duties in their real estate transaction. This means that Brenda must act in the best interest of Tina, putting her needs above her own. Fiduciary duties encompass several obligations, including loyalty, full disclosure, confidentiality, obedience to lawful instructions, accountability, and reasonable care. Because real estate transactions involve significant financial decisions and legal implications, agents or parties representing an individual, like Brenda representing Tina, have a legal and ethical obligation to maintain a high standard of care and trust during the transaction process.

Fiduciary duties are essential to ensure that the client feels secure that their best interests are being prioritized and protected. This relationship is foundational in real estate, as it builds confidence and promotes transparency in dealings. Understanding this obligation is crucial for anyone participating in real estate transactions, as failing to uphold fiduciary duties can lead to legal consequences and loss of trust between parties.