Agency
The duty of an agent to keep the principal informed of all facts relevant to the transaction is called:
ALoyalty
BObedience
CDisclosure✓ Correct
DConfidentiality
Explanation
The duty of disclosure requires the agent to inform the principal of all relevant facts that might affect the principal's decisions in the transaction. This is one of the core OLDCAR fiduciary duties.
Related California Agency Questions
- A selling agent (buyer's agent) is required to conduct which type of inspection of a residential property in California?
- The 'procuring cause' doctrine in real estate determines:
- Which of the following best describes a 'special agent' in real estate?
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- Which fiduciary duty requires an agent to keep the principal's confidential information secret even after the agency relationship ends?
- When must a listing agent provide the agency disclosure form to the seller?
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