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January 01, 2025

Define This: Fiduciary

January 01, 2025 Texas Real Estate Commission rules (Section 531.2 Fidelity) state: “A license holder, while acting as an agent for another, is a fiduciary.” Among other obligations defined by TREC, a license holder in a fiduciary relationship must place no personal interest above that of the client
Background

January 01, 2025

Texas Real Estate Commission rules (Section 531.2 Fidelity) state: “A license holder, while acting as an agent for another, is a fiduciary.” Among other obligations defined by TREC, a license holder in a fiduciary relationship must place no personal interest above that of the client.