Agency
In Delaware, what is the duty of a licensee regarding 'advice and counsel' in an agency relationship?
AAgents must provide legal advice to their clients
BAgents must provide their professional knowledge, judgment, and expertise to help clients make informed decisions, but should refer legal questions to attorneys✓ Correct
CAgents should avoid giving any advice to prevent liability
DAgents are required to provide investment advice for all transactions
Explanation
A licensee's duty of care includes providing professional advice and counsel within their area of competence. Agents should share their market knowledge and professional judgment to help clients, while referring matters requiring legal, tax, or financial expertise to the appropriate professionals.
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