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Ethics ComplianceSAEASY

In South Australia, what is a land agent's primary fiduciary duty to a client?

Correct Answer

C) To act in the client's best interests with loyalty, honesty and care

A land agent's primary fiduciary duty is to act in the best interests of their client with honesty, fairness, and professionalism. This includes duties of loyalty, disclosure, confidentiality, and the avoidance of conflicts of interest.

Answer Options
A
To maximise the commission the agency earns from each transaction it handles
B
To secure the quickest possible sale so that the vendor avoids further holding costs
C
To act in the client's best interests with loyalty, honesty and care
D
To maintain good working relationships with other agents in the local market

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Related Topics & Key Terms

Key Terms:

fiduciary dutyLand Agents Act 1994best interests
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