Agency
A buyer's agent in Indiana owes which fiduciary duties to the buyer?
ALoyalty, confidentiality, disclosure, obedience, reasonable care, and accounting✓ Correct
BOnly disclosure and loyalty
CLoyalty to the seller and fairness to the buyer
DOnly reasonable care and disclosure
Explanation
A buyer's agent owes the full set of fiduciary duties to the buyer: loyalty, confidentiality, disclosure of material facts, obedience to lawful instructions, reasonable care and diligence, and accounting for all funds.
Related Indiana Agency Questions
- In Indiana, when a managing broker receives notice that an affiliated broker is engaged in unlicensed activities beyond their scope, the managing broker must:
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- An Indiana seller's agent who negotiates a lower price than the listed price for their buyer client (while also representing the seller) without disclosure is engaged in:
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