A broker or agent always owes these duties to the person they are representing (their principal): Loyalty, Obedience, Disclosure, Confidentiality, Reasonable Care and Diligence, and Accounting. These duties are inherent in all agency relationships and enforced by all courts of law in the United States.
A trustee has fiduciary duties, whether they are a trustee for an IRA or a living trust. Some of the duties are formalized in written contracts; others are implied by law. p 81
The term fiduciary is defined as of relating to or involving a confidence of trust. Fiduciary duties include: confidentially, undivided loyalty, obedience, reasonable care and diligence, full disclosure, and accounting. Regardless of whether the duties owed in a particular state are traditional, common law fiduciary duties, or are statutorily defined, they are owed to any principal/client.
Duties owed to a principal by an agent including disclosure, competence, obedience, accountability, confidentiality and loyalty.
Obligations owed by an agent/broker to a client (buyer or seller). In real estate, these include loyalty, obedience, full disclosure, skill, care, diligence, and accounting of all monies.
The duties required by an agent (the brokerage firm and its representatives) acting for the principal in an agency relationship. They include loyalty, disclosure, confidentiality, diligence, accounting and obedience.
Responsibility to act with loyalty and prudence, to diversify plan assets, and act in accordance with plan documents.
Rules binding trustees to act in the interests of the beneficiaries of the trust in the management of trust property.
Directors owe duties to their company based on trustee principles. They must act honestly to protect its assets and not enrich themselves unduly at its expense. If they fail, the company may have a claim against them.