Agent Dana in Arkansas is representing buyer Kyle through a signed buyer representation agreement. All of the following are fiduciary duties Dana owes Kyle as his buyer's agent EXCEPT:
Correct Answer
D) Neutrality — treating Kyle and the seller with equal impartiality throughout the transaction
Option D is the exception — it is NOT a fiduciary duty owed by a buyer's agent. Neutrality (treating both parties equally) is the opposite of what a buyer's agent owes. A fiduciary agent owes loyalty to the client, which means actively advocating for the client's interests rather than remaining neutral. Neutrality might describe a transactional broker's role, but it is incompatible with fiduciary agency.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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