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Ambassador
3,145,821
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It depends on if they were caught, the level of harm caused, and the attorney they hire to sue the pants off the person who breached. 

The attorney with the bigger bat usually wins. 

Oct 25, 2021 04:21 PM
Rainmaker
1,362,634
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

It is deemed  a breach of fiduciary duty, and the harmed party can sue for damages.

Oct 25, 2021 01:52 PM
Ambassador
1,860,782
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

An excellent attempt to change up the perpetual "which fiduciary duty..." question.

Oct 25, 2021 06:13 PM
Rainmaker
844,262
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

One may face legal consequences since these duties are mandated by law.

Oct 25, 2021 07:01 PM
Rainmaker
4,245,129
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Nothing good.  

Oct 25, 2021 06:49 PM
Rainmaker
1,048,887
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®
"Friend, either you're closing your eyes
To a situation you do not wish to acknowledge
Or you are not aware of the caliber of disaster indicated
By the lack of fiduciary in your community.
Well, Ya got trouble, my friend, right here

I say, trouble right here in River City"

Oct 26, 2021 11:50 AM
Ambassador
5,699,979
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Why?  What did you do?

Oct 26, 2021 10:47 AM
Ambassador
3,386,738
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

You will be put on a broom and asked to fly off into the sunset!

Oct 26, 2021 10:06 AM
Rainmaker
4,510,699
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The way this question is framed, I will go with the explanation of Kathleen Daniels, Probate & Trust Specialist

Oct 26, 2021 04:09 AM
Rainmaker
3,671,047
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

When fiduciary duties are not fulfilled will cause liability problems

Oct 25, 2021 08:34 PM
Rainmaker
2,684,052
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The real answer to this question lies in exploring the subject matter. The question itself is like a door-way. When we meet-up with a crook or a liar, those uncomfortable feelings that come forth are contrary to whats right or good thus we yearn for solution or closure from the episode. Honesty, integrity, character and applying the golden rule all serve as a type of food for the soul and produce a well-being, something money cannot buy. In all relationships, we yearn for decency, intimacy and prosperity....

Oct 26, 2021 06:21 AM
Rainmaker
6,967,453
Roy Kelley
Retired - Gaithersburg, MD

Your troubles could include fines, loss of license and jail time. Your legal defense costs could be in the thousands.

Oct 26, 2021 04:27 AM
Rainmaker
1,001,603
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Very unhappy client.

Client lodges a complaint with the local Realtor Board and you are judged at a hearing to have harmed the client.

Client reports your activity to the local government agency that is in charge of licensee oversight. You lose your license.

Client files a police report. You are charged with a crime, tried convicted an go to jail.

Client files a civil suit against you and you lose and owe the client a bunch of money.

Of course, not all who stray from their fiduciary duties suffer the above consequences. Do you want to try your luck?

Oct 27, 2021 05:43 PM