What is the primary responsibility of a fiduciary in a real estate transaction?

In a real estate transaction, the primary responsibility of a fiduciary is to advance the interests of the principal. A fiduciary relationship is one that requires the fiduciary to act in the best interest of their client, who is often referred to as the principal. This involves a duty of loyalty and care, where the fiduciary must prioritize the client's needs and goals over their own or any other party's interests.

The fiduciary is expected to provide guidance and support throughout the transaction, ensuring that the principal is informed and making decisions that align with their best interests. This can include negotiating favorable terms, providing timely advice, and ensuring transparent communication. By focusing on advancing the principal's interests, the fiduciary helps to build trust and facilitate a successful transaction.

In contrast, other options do not accurately reflect the primary duty of a fiduciary. Generating profits for themselves can create a conflict of interest, negotiating the lowest price may not always align with the principal's best interest, and facilitating inspections is a service rather than a core responsibility. The essence of fiduciary duty is grounded in serving the principal's interests above all else.