Agency
Which fiduciary duty requires an agent to use the skills and knowledge expected of a competent real estate professional?
ALoyalty
BObedience
CReasonable care and diligence✓ Correct
DAccounting
Explanation
The duty of reasonable care and diligence requires agents to apply their professional knowledge and skills competently. This includes staying current on market conditions, laws, and practices relevant to the transaction.
Related California Agency Questions
- What is 'ratification' in agency law?
- A dual agent represents:
- In California, a 'designated agency' arrangement allows a broker to:
- Under California law, an agent must present all written offers to the seller unless the seller has given written instructions to the contrary. This obligation extends to offers received:
- A real estate agent must disclose their agency relationship to all parties:
- Which of the following best describes 'agency' in real estate?
- Which fiduciary duty requires an agent to keep the principal's confidential information secret even after the agency relationship ends?
- Which of the following best describes an 'exclusive right to sell' listing in terms of agency?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →