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AgencyFiduciary_dutiesEASY

Which fiduciary duty does a Kentucky licensee owe to ALL parties in a transaction, not just the client?

Correct Answer

C) Honesty and fair dealing

All parties are owed honesty and fair dealing. Fiduciary duties such as loyalty, confidentiality, and obedience are owed only to the client.

Answer Options
A
Loyalty
B
Confidentiality of negotiating strategy
C
Honesty and fair dealing
D
Obedience to all instructions

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Related Topics & Key Terms

Related Topics:

fiduciary dutiesclient vs. customeragency disclosureKRS 324.160material fact disclosure

Key Terms:

honestyfair dealingfiduciary dutyclientcustomerall parties
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