Which of the following is NOT a fiduciary duty owed by a real estate agent to their client?
Correct Answer
C) Guaranteeing the sale
Guaranteeing a sale is never a fiduciary duty — agents cannot promise specific outcomes. The recognized fiduciary duties include loyalty, confidentiality, obedience, disclosure, accounting, and reasonable care and diligence.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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