Agency
What is the 'duty of loyalty' owed by an Illinois real estate agent to their principal?
ASharing all information about properties with the principal
BPlacing the client's interests above the agent's own interests and above the interests of any third party✓ Correct
CEnsuring the client accepts only above-market offers
DWorking exclusively with one client at a time
Explanation
The duty of loyalty requires an agent to place their client's interests above all others, including the agent's own interests. This means the agent cannot engage in self-dealing, make undisclosed profits from transactions, or take actions that benefit themselves or third parties at the expense of the client. It is one of the most fundamental fiduciary duties.
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