Originated From
AOL Search

Does An Agent Have A Fiduciary Duty To A Principal Precluding Secret Dealings With Another Principal?

real estate case law, agent fiduciary obligation to the principal --

An agent for principal A anticipates leaving the relationship, to work with principal B for a higher commission arrangement under principal B's recruitment activity; without principal A's knowledge, agent enters into a secret business transaction on behalf of Principal B and has a listing cultivated under principal A, listed and contracted by the principal B and then switched by principal B to agent's name after agent leaves principal A and joins principal B's firm. Does the agent's action represent an ethical breach or fraud or both? Does principal B's encouragement or knowing acceptance of unethical behavior by agent constitute a breach of ethics or fraud or both?

Liked this question? Tell your friends about it

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Exposure to Agent Orange (non-veteran)

are there any rights or compensation for non-veterans exposed to agent orange?

Asked: MN Civil Commitment-Mentally Ill Court ...

MN Civil Commitment-Mentally Ill Court File How does the Minnesota Court Infomation System (MNCIS) handle expungents?. Thank you again for your help!

Asked: Court Action against the Finanzamt

A FINANZAMT refuse to recognize an URTEIL handed down by the EuGH and return the UMSATZSTEUER that was illegaly taken in accordance with the Eugh URTEIL. Can the Finanzamt be taken to Court??

More Questions

Jury duty

Generally you only have to serve jury duty in the county where you live. If you own property in another county and claim a homeowner's exemption, then you are telling them you live there.

Registered Migration Agent

Australian immigration laws and visa regulations are amongst the most complex in the world, and policies and laws may be revised with very little notice. Even small mistakes in your documentation or application may lead to your visa being delayed or rejected, better hire an registered agent .

I have been summoned for jury duty next week. This ...

Yes, its more than a notion to do jury duty. If you can justify a medical condition see your doctor about it, he will be glad to assist you with this. As my Dr helped me.

Do you receive a payment for each day of jury duty that you serve? Does

I think all states pay some minimal amount for jury service. It can be as little as $4 or $5 for a day, in some states. California State law does not require employers to compensate employees who are absent because of jury service. Many employers do, however, have jury-leave policies that provide ...