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The Luxe Team Fiduciary Promise: Delivering What You Deserve
Real estate agents toss industry lingo and buzzwords around like service club members pitching candy to kids at a parade: recklessly, with little thought as to whether anyone will catch any of it. For instance, real estate agents often talk about their fiduciary role in real estate transactions, taking for granted that everyone understands the concept as much as they do.
 
You deserve transparency and a crystal-clear understanding of everything that your real estate agent is doing on your behalf. In this article I’ll demystify the meaning of fiduciary to make it easy enough that anyone can easily understand the word—and what is at stake in your real estate transaction.
 
What a Fiduciary Is
When you hire a real estate agent to represent you, that real estate agent has a fiduciary obligation to watch out for your best interests. This is equally true if the real estate agent is working as a Buyer’s Agent (helping in the purchase of a home) or as a Seller’s Agent (helping in the listing and sale of a home).
 
Fiduciary, another word for trust, is one of the most misunderstood terms in real estate. When you are represented by a real estate agent, your real estate agent is legally ... more

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