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fiduciary duty - the highest legal standard of care that one individual or institution can owe to another. One who owes a fiduciary duty must exercise the utmost fidelity toward the subject of the duty and must do everything reasonably required to protect the interests of the subject. In real estate, an agent typically owes a fiduciary duty toward his or her principal. See also good faith . .
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© 2004 Bella Vista Publishing Company, Inc. ISBN 0-9718225-0-6
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