Natalie Perry tells the listing agent to stop showing the property after a family emergency, and the instruction is lawful. Which fiduciary duty requires the agent to follow that instruction?
Correct Answer
D) Obedience
Obedience is correct because the facts match the fiduciary duty to follow the client's lawful instructions. That is the best description of the relationship, right, or legal concept tested here.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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A listing agreement creates an agency relationship between:
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Previous Question
An agent tells a prospect that a condo is 'the best value in town' and 'absolutely charming.' What is that type of statement usually called?
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A broker could earn a higher commission by steering the client to a different property, but instead recommends the property that best serves the client's goals. Which fiduciary duty is being honored?