Which is NOT a fiduciary duty in North Dakota?
Correct Answer
C) Guaranteeing a sale
Fiduciary duties include loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care. Guaranteeing a sale is never required.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
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.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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