What fiduciary capacity does a Realtor in Minnesota have?

Asked by California Mortgage Broker, Oceanside, CA Wed May 16, 2007

I've heard that Realtors in Minnesota can act without a fiduciary capacity to the buyer or seller. Is that true? Why would a buyer or seller want that?

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Teresa Board…, Agent, Saint Paul, MN
Thu May 17, 2007
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Thanks for the question. I can't actually answer it. MN Realtors do have fiduciary responsibility when they enter into a contract to represent a buyer or seller. I have more information on the subject and how agency works in MN
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