Agency
Indiana's fiduciary duties in an agency relationship originate from which legal principle?
AThe Statute of Frauds
BThe common law of agency, which imposes duties of loyalty, care, and fair dealing when one person acts on behalf of another✓ Correct
CThe Fair Housing Act
DThe Indiana Administrative Code
Explanation
Fiduciary duties arise from the common law of agency — the body of law governing principal-agent relationships. When a broker acts as an agent for a client, they automatically owe these duties by operation of law.
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