Describe the nature of a fiduciary relationship


Problem: The base is to provide an ethical evaluation of professional-client relationship detailed in the NY Times article, "Feeling Misled, Buyers Sue Agent" (Real Estate). Besides this,  no need of any information for this  except the assigned readings for this course and the information below. The relevant assigned readings are by Bayles (two different chapters) and Wasserstrom.

It addresses this question: Did Mike Little fail to fulfill any of his professional duties as a buyer's agent when he assisted Marty Ummel in the purchase of her house? consider these issues: Is Mike Little a professional as this is defined by MIchael Bayles? Using the second reading by Bayles, what does the article mean when it says that Little had "a lot of fiduciary duties" in the relationship-what obligations or duties (positive and negative) did this generate towards clients? What duties do the clients have in this kind of relationship? How would this be different from having a paternalistic or agency relationship? Is Ummel unfairly blaming Little because she misunderstood the nature of a fiduciary relationship?

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