A buyer's agent finds a property that would pay a higher commission from the listing brokerage but is not the best match for the buyer's stated needs. The agent recommends the better-matching property that pays a lower commission. Which fiduciary duty is the agent honoring?
Correct Answer
D) Loyalty
Loyalty is correct because the agent places the client's interests above the agent's own financial interest by recommending the property that best meets the buyer's needs.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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A listing agreement creates an agency relationship between:
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