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Agency & Professional EthicsFiduciary DutiesEASY

Which of the following best describes the duty of confidentiality owed by a real estate agent?

Correct Answer

C) All client information must remain confidential indefinitely

The duty of confidentiality requires agents to keep all client information confidential indefinitely, unless the client consents to disclosure or disclosure is required by law. This duty continues even after the agency relationship ends.

Answer Options
A
Information can be shared if it helps close the deal
B
Confidential information can be shared with other agents in the brokerage
C
All client information must remain confidential indefinitely
D
Only financial information needs to remain confidential

Why This Is the Correct Answer

Option C correctly states that confidentiality is indefinite and comprehensive. Under provincial real estate legislation like TRESA (Ontario), RESA (Alberta), and BCFSA regulations, agents owe a fiduciary duty of confidentiality that covers all client information and continues beyond the agency relationship. This duty can only be breached with explicit client consent or legal compulsion. The 'indefinitely' aspect is crucial - there's no expiration date on confidentiality obligations, making this the most accurate description of the legal standard across Canadian jurisdictions.

Why the Other Options Are Wrong

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Key Terms

confidentialityfiduciary dutyindefinitelyclient informationdisclosure
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