What are the duties of real estate and business agents under common law?

Oct 10, 2022, 16:44 PM
Title : What are the duties of real estate and business agents under common law?

Under common law the duties of an agent include:

  • To perform obligations under the agency contract and follow instructions that are lawful and are not unreasonable.
  • To perform duties with due care and skill.
  • To act in good faith in the principal's interest.
  • Not to divulge confidential information acquired in the course of the agency appointment.
  • To keep their client's money separate from the agent’s money and to account to the principal for monies received or expended on the principal's behalf.
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