Under RESA, which of the following is a duty that a licensee owes to ALL parties in a transaction, including unrepresented parties?
Correct Answer
D) The duty to act honestly and with reasonable care and skill
Under RESA, licensees owe a duty of honest and competent conduct to all parties, including unrepresented parties. Duties such as confidentiality and full loyalty are owed specifically to clients with whom the licensee has a service agreement.
Why This Is the Correct Answer
Option D is correct because under RESA, the duty to act honestly and with reasonable care and skill is owed to ALL parties in a transaction, including unrepresented parties. This baseline duty ensures a minimum standard of professional conduct regardless of the agency relationship. It prevents licensees from misleading or negligently advising anyone involved in the transaction.
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