California Supreme Court Extends Reach Of Realtors Fiduciary Duties
Real estate agents can represent both the seller and buyer of a property in California, despite the potential conflicts of interest, so long as the parties consent and it is disclosed that the agent owes a fiduciary to both. But do the same dual fiduciary duties arise when two agents, both operating under one broker’s license, represent both parties in a transaction? Does the seller’s broker, acting as an associate licensee, owe a fiduciary duty to the buyer and vice versa?...