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Fiduciary Duty: The Rule Real Estate Loves to Talk About—and Hates to Follow
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Real estate agents talk constantly about fiduciary duty—loyalty, disclosure, reasonable care and putting the client's interests first.
But does the real estate industry actually practice what it teaches?
In this episode of Dishin' Dirt, Gary Pickren takes a hard look at the conflicts between fiduciary duty and the way real estate professionals actually make money.
The Sitzer/Burnett case was an antitrust case, but the compensation system it challenged raises a much bigger question: Was guaranteeing buyer-agent compensation really in the seller's best interest—or was it simply…
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