Agency
Under Louisiana agency law, which duty requires the agent to keep the client's personal and financial information private?
ALoyalty
BObedience
CConfidentiality✓ Correct
DDisclosure
Explanation
The fiduciary duty of confidentiality requires the agent to protect the client's personal and financial information from disclosure to other parties.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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