General Principles Of AgencyFiduciary DutiesEASY
Which duty requires an agent to keep the principal informed of all material facts?
Correct Answer
C) Disclosure
The duty of disclosure requires an agent to inform the principal of all material facts that could affect the transaction. This includes information about the property and other parties involved.
Answer Options
A
LoyaltyB
ObedienceC
DisclosureD
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Related Topics & Key Terms
Related Topics:
agency-relationshipsmaterial-facts-disclosurefiduciary-duties-overview
Key Terms:
duty of disclosurefiduciary dutymaterial factsagency relationshipprincipal
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