Agency

An agent's duty of loyalty requires that the agent:

ADisclose all material facts to both parties

BPlace the client's interests above all others, including the agent's own✓ Correct

CObtain the highest possible price for any property

DReport all offers to the Indiana Real Estate Commission

Explanation

The duty of loyalty requires an agent to place the client's interests above those of all others, including the agent's personal interests.

The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.

A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.

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