AgencyIntermediateAlaska Exam

An agent's fiduciary duty of 'confidentiality' survives:

AOnly until the transaction closes

BOnly while the listing agreement is in effect

CIndefinitely, even after the agency relationship terminatesCorrect

DOnly for 1 year after closing under Alaska regulations, in general

Why Indefinitely, even after the agency relationship terminates Is Correct

Answer C: Indefinitely, even after the agency relationship terminates

The duty of confidentiality survives the termination of the agency relationship. An agent may not disclose confidential client information — such as the client's motivation for selling or financial situation — even after the transaction closes or the agency agreement expires.

Exam Tip: Agency

Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.

Key Agency Terms in This Question

Agency

A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.

Fiduciary Duty

The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.

Listing Agreement

A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.

Lien

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

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