11/20/2025
๐ The Fiduciary Duties: How 'OLD CAR' Shapes Real Estate Agency Relationships ๐ก
When you hire a real estate agent, you're entrusting them with one of your biggest financial decisions. Your agent must put your best interests first. But how can you be sure theyโll do that?
Enter OLD CARโa simple yet powerful framework that outlines the six fiduciary duties every agent must follow:
๐น Obedience โ Carry out your legal instructions.
๐น Loyalty โ Always act in your best interests.
๐น Disclosure โ Provide full transparency on material facts.
๐น Confidentiality โ Protect your sensitive information.
๐น Accounting โ Keep accurate financial records.
๐น Reasonable Care โ Act with professionalism and diligence.
These duties arenโt just ethical standardsโthey are legally binding. In this guide, youโll learn how they protect you, how to spot when agents breach them, and the key questions to ask to ensure your agent is truly on your side.
Whether youโre buying your first home, selling, or investing, OLD CAR will be your ultimate safeguard. Letโs make sure your agent doesnโt just work with youโthey work for you. ๐ช
Buying or selling a property is one of the largest financial decisions youโll ever make, and it's crucial that your agent has your best interests at heart. T...