A fiduciary duty of loyalty in Indiana means the agent must:
Correct Answer
B) Place the client's interests above their own and above those of all other parties
Loyalty requires the agent to act solely in the client's best interests, ahead of the agent's own interests or those of any third party.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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