Before advising a client on pricing, the broker carefully reviews recent comparable sales and verifies the data. Which fiduciary duty is the broker performing?
Correct Answer
A) Reasonable care
Reasonable care is correct because the facts match the fiduciary duty to use competence, diligence, and skill in serving the client. That is the best description of the relationship, right, or legal concept tested here.
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Daniel Chen gives Ethan Price an earnest money check, and Ethan Price promptly deposits it in the proper trust account and keeps accurate records. Which fiduciary duty is this?
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