Agency
A Hawaii listing agent's market knowledge allows them to help the seller price the property correctly. This is part of which fiduciary duty?
AA. Loyalty
BB. Reasonable care and diligence✓ Correct
CC. Confidentiality
DD. Obedience
Explanation
Providing expert advice on pricing draws on the agent's professional competence, which falls under the duty of reasonable care and diligence.
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Key Terms to Know
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 AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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