Agency
An agent's fiduciary duty of LOYALTY means the agent must:
ADisclose all material facts to the client
BKeep the client's confidential information secret
CPut the client's interests above all others, including the agent's own✓ Correct
DAccount for all funds received on behalf of the client
Explanation
The fiduciary duty of loyalty requires the agent to place the client's interests above all others, including the agent's own personal or financial interests.
Related Arkansas Agency Questions
- A seller's agent who fails to disclose that the subject property is in a flood zone to a buyer may be liable for:
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- When a salesperson acts as a dual agent, which of the following statements is TRUE?
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