Which of the following is NOT a fiduciary duty owed by a real estate agent to their client?
Correct Answer
C) Guaranteeing the sale of the property
Fiduciary duties include loyalty, confidentiality, obedience, disclosure, accounting, and reasonable care. Guaranteeing the sale of a property is never a fiduciary duty — agents cannot guarantee outcomes, and doing so could constitute misrepresentation.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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