All of the following are traditional fiduciary duties owed by an agent to a client EXCEPT
Correct Answer
C) Puffing
Loyalty, confidentiality, and accountability are fiduciary duties. Puffing is only sales talk or opinion.
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Previous Question
A seller signs a listing agreement and instructs her agent in writing to accept only offers above $450,000 and to reject any offer that contains a financing contingency. Mid-listing, a $440,000 cash offer arrives. The agent personally believes the cash offer is excellent and unlikely to be matched, but she must follow her client's lawful written directive. She presents the offer to the seller — as she is required to do — but she does not accept it on the seller's behalf. Which fiduciary duty required her to comply with the seller's specific instructions rather than substitute her own judgment?
Next Question
Which of the following is NOT a lawful extension of the duty of obedience?