Which of the following is NOT a fiduciary duty owed by an agent to their client?
Correct Answer
C) Guaranteeing the sale of the client's property
Fiduciary duties include loyalty, confidentiality, obedience, disclosure, accounting, and reasonable care. Guaranteeing a sale is never a fiduciary duty — agents cannot legally promise or guarantee that a property will sell.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
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.
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.
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