Agency
Which of the following fiduciary duties requires an agent to keep the client's information confidential?
ALoyalty
BObedience
CConfidentiality✓ Correct
DAccountability
Explanation
The fiduciary duty of confidentiality requires the agent to protect the client's personal and financial information throughout and after the agency relationship.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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