Which duty does a real estate agent owe to ALL parties in a transaction, including non-clients?
Correct Answer
C) Honesty — dealing fairly and truthfully with everyone involved
Under Idaho agency law, honesty and fair dealing are owed to ALL parties in a transaction, including customers who are not the agent's clients. Loyalty, obedience, and confidentiality are fiduciary duties owed exclusively to the agent's principal (client). This distinction is fundamental: fiduciary duties run only to the party the agent represents, while the duty of honesty extends to everyone.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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.
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