The Brockmeier Law Group (BLG) opened its doors in 2009. We began with the commitment of personalized contact, focusing on each client’s individual goals while advocating to maximize their recovery. This emphasis has awarded BLG an opportunity to succeed in a variety of litigation and settlement cases. Brockmeier Law Group meets the standard of excellence in all cases. We know what it takes to get the results our clients need. We are hard at work, every day, doing just that.
Irvine CA Breach of Fiduciary Duty Attorneys
The professional duties and Fiduciary Duties that California realtors owe include:
- Dealing honestly and fairly
- Accounting for all funds
- Using skill, care, and diligence in transactions
- Disclosing all known material facts of the property to potential buyers
- Not making misleading, deceptive, or fraudulent representations to potential buyers
Breach of Fiduciary Duty
In certain cases, real estate agents and brokers owe clients a fiduciary duty. A fiduciary duty requires a real estate professional to put the best interests of their clients ahead of their own interests. This high standard of care reflects the fact that agents and brokers, as compared to their clients, usually possess superior knowledge about real estate, which creates the potential to abuse their position of authority. This is a difficult area that can lead to additional issues when the Broker or the Broker’s employer acts as a “dual agent” for both the buyer and seller. When that happens, they are still required to provide all relevant information to their clients, and it can lead to significant liability for breaching these duties to the buyer.