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Fiduciary duties are legal obligations that require an individual or entity to act in the best interests of another party. In real estate, agents have a fiduciary duty to their clients, which means that they must act in the best interests of their clients and not their own interests.
Licensees Duties Owed to All Parties: A Nevada real estate licensee shall: 1. Not deal with any party to a real estate transaction in a manner which is deceitful, fraudulent or dishonest. 2. Exercise reasonable skill and care with respect to all parties to the real estate transaction.
In addition, a licensee is required to disclose any personal interest he or she has in a property. Confidentiality about the principals affairs is an important aspect of loyalty. An agent is bound to inform the client of all facts that might affect the clients interests in the transaction.
What duty can a seller still expect from a licensee after the brokerage relationship terminates? Confidentiality. A seller can expect the agent to keep information learned from the client during representation confidential even after the brokerage relationship terminates.
Real Estate Commission. The Real Estate Commission is a five-member body, appointed by the governor, that acts in an advisory capacity to the Division, adopts regulations, and conducts disciplinary hearings.
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In summary, the only fiduciary duty that continues to bind a real estate licensee after the termination of the agency relationship is the duty of confidentiality, ensuring that the trust established during the relationship remains intact.

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