An Arizona broker's fiduciary duties include:
Question & Answer
Review the question and all answer choices
Loyalty, disclosure, and confidentiality
Only loyalty
Brokers have multiple fiduciary duties, not just loyalty. This option is incomplete and fails to recognize the full scope of obligations brokers owe to their clients.
Only disclosure
Disclosure is important, but brokers have additional fiduciary duties beyond disclosure alone. This option is too narrow and doesn't reflect the complete responsibilities.
Guaranteeing sale price
Brokers cannot guarantee sale prices as this would be an unrealistic promise and potentially create liability. Fiduciary duties don't include guaranteeing transaction outcomes.
Why is this correct?
Fiduciary duties include loyalty, disclosure, confidentiality, accounting, and reasonable care.
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