Fiduciary Duty
nounfi·du·ci·a·ry du·typronounced fih-DOO-shee-air-ee DOO-tee
Last reviewed 16 April 2026
What does the noun Fiduciary Duty mean?
A legal obligation to act in the best interests of another person. In a property transaction, the selling agent owes a fiduciary duty to the seller, while the buyer's conveyancer and buyer's agent owe their fiduciary duty to the buyer. The person with the fiduciary duty must put their client's interests ahead of their own.
How the noun Fiduciary Duty is used
Your buyer's agent owes you a fiduciary duty, meaning they must put your interests first — unlike the selling agent, who works for the seller.
Related words
Cite this entry
MLA citation: "Fiduciary Duty." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/fiduciary-duty. Accessed 29 May 2026.
Chicago citation: How to Property. "Fiduciary Duty." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/fiduciary-duty.
APA citation: How to Property. (2026, April 16). Fiduciary Duty. https://howtoproperty.com.au/definitions/fiduciary-duty