11.2 Fiduciary Duties

11.2 Fiduciary Duties

Exhibit 11.1 Fiduciary Duties

Fiduciary duties are the highest duties of trust and care that an agent owes to a client. These include skill, care, diligence, loyalty, obedience, confidentiality, accounting, and full disclosure. Agents must also treat customers with honesty, fairness, reasonable care, and proper disclosures.

Exhibit 11.2 Disclosure of Material Facts

Disclosure: Agents must disclose material facts, including property condition, buyer/seller motivations, and anything that could affect the transaction.

Topic 11.2 Check-In

Duty Calls

Choose the best answer, then select Check Answers.

Which duty survives even after the agency relationship ends?

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