Agent Diane at Oceanview Realty in Rhode Island represents buyer Kevin under a written buyer agency agreement. All of the following are fiduciary duties Diane owes Kevin as his buyer's agent EXCEPT:
Correct Answer
D) Impartiality, treating Kevin and the seller with equal fairness throughout the transaction
Impartiality is NOT a fiduciary duty owed by a buyer's agent to the buyer. A buyer's agent owes undivided loyalty to the buyer, which is the opposite of impartiality. Impartiality might be associated with a neutral mediator or, in a limited sense, with a dual agent's obligations, but it is not a duty owed by an exclusive buyer's agent under Rhode Island agency law.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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