When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else financially. The person who has a fiduciary duty is called the fiduciary, and the person to whom the duty is owed is called the principal or the beneficiary.
In real estate it’s simple.
The Seller’s Agent has a duty to get the most that they can for THE SELLER.
The Buyer’s Agent has a duty to get the most that they can for THE BUYER.
If you are buying a new construction home from the builder, (or the builder’s agent, the builder’s preferred company, the builder’s representative) you must know that they represent THE SELLER.
You want and need to use a Professional Real Estate Agent to represent you, THE BUYER.
As a BUYER’S AGENT we had a Fiduciary Duty to you and you alone!
Also, it doesn’t cost you anything to hire us! It’s THE SELLER that pays for our services.