Final answer:
An example of a fiduciary relationship in real estate is between the listing broker and the seller, where the broker owes duties of loyalty and care to the seller.
Step-by-step explanation:
An example of a fiduciary relationship is one which exists between the listing broker and the seller of a property. A fiduciary is expected to act in the best interests of their client, ensuring loyalty, confidentiality, and due care during their dealings. This term is frequently discussed in relation to financial and legal services, but it is also a key concept in real estate, where brokers and agents must adhere to high ethical standards. In real estate, the listing broker often has a fiduciary duty to represent the seller's interests in the sale of the property, including tasks like setting an appropriate sales price, marketing the property effectively, and negotiating terms with potential buyers.
Entities that regulate and supervise the sale of securities and the brokers, dealers, and bankers who sell them may include organizations such as the Securities and Exchange Commission (SEC) in the United States, which works to protect investors, maintain fair markets, and facilitate capital formation.