Which of the following is NOT a recognized fiduciary duty owed by a Delaware real estate licensee to their client?
Correct Answer
C) Guaranteeing the sale of the property
Fiduciary duties owed by a Delaware licensee to their client include loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting. Guaranteeing a sale is never a fiduciary duty and would constitute a misrepresentation if promised.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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.
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