In Canada, what defines a fiduciary relationship in real estate?
Correct Answer
B) A relationship of trust and confidence where one acts in another's best interests
A fiduciary relationship is characterized by trust, confidence, and the duty to act in the best interests of another party. In real estate, this typically exists between agents and their clients, requiring loyalty, disclosure, and care.
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A BC brokerage relies on the under-served remote location exception to act for both the buyer and the seller. After it signs the written dual agency agreements, what must it do with the dual agency disclosure?
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In Ontario, what information must be disclosed when a brokerage represents both the buyer and the seller in the same transaction?