What is meant when it is said that an auctioneer has a fiduciary duty to the Seller?
Asked by: MasterAdmin Category: Auctions Tags:fiduciary duty
Auction Company has the best interests to manage and protect the property and money of the seller.
Answered by: Sitecontributor4
The means that the auctioneer must act in the best interest of the Seller to get fair value for the property to be auctioned. He has a duty of good faith and fair dealing and this cannot be waived.
Answered by: EdensAuctions
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What is meant when it is said that an auctioneer has a fiduciary duty to the Seller?
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