Which of the following is NOT a fiduciary duty of a real estate agent?
Correct Answer
C) Guaranteeing the sale of the property
Fiduciary duties owed by a real estate agent include loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting. Guaranteeing the sale of a property is never a fiduciary duty — agents cannot promise specific outcomes and doing so could constitute misrepresentation.
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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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