Business / Real Estate / Obedience: The fiduciary relationship obligates the agent to act in good faith at all times, obeying the principals instructions in accordance with the contract. However, that obedience is not absolute. The agent may not obey instructions that are unlawful or unethical. Because illegal acts do not serve the principals best interests, obeying such instructions violates the brokers duty of loyalty. On the other hand, an agent who exceeds the authority assigned in the contract will be liable for any losses that the principal suffers as a result.
Obedience Noun Synonyms: compliance, dutifulness, observance, respect, respectfulness, tractability, conformity or conformance, yielding, conformability, adaptability, agreement, agreeability, agreeableness, acquiescence, submissiveness, submission, subservience, docility
Life Style / Poetry / Synaeresis, Synaloepha: The contraction of two syllables into one, for metrical purposes, by changing two adjacent syllables into a diphthong. Paul fussell gives as an example the first line of john milton's paradise lost, ' MORE
Business / Real Estate / Fiduciary: A relationship that implies a position of trust or confidence wherein one person is usually entrusted to hold or manage property or money for another. The term fiduciary describes the faithful relatio MORE