Agency
The fiduciary duty of 'loyalty' in Missouri agency means the agent must:
AAlways recommend the agent's preferred lender
BPut the client's interests above all others, including the agent's own interests✓ Correct
CMaintain loyalty to the brokerage firm first
DKeep information confidential from competitors
Explanation
Loyalty requires Missouri agents to place their client's interests above their own and above third parties' interests. This means avoiding self-dealing and conflicts of interest in all transactions.
Related Missouri Agency Questions
- A Missouri buyer's agent who negotiates a lower price on behalf of their buyer client is fulfilling the duty of:
- The duty of 'accounting' requires a Missouri real estate agent to:
- A Missouri agent representing both the buyer and seller in the same transaction is called a:
- Which of the following is NOT a fiduciary duty owed by a Missouri buyer's agent to their client?
- In Missouri, can a buyer's agent share their buyer's pre-approval letter with the listing agent?
- A subagent in Missouri is:
- Which of the following best describes a transaction broker in Missouri?
- The fiduciary duty of 'accounting' in a Missouri agency relationship requires the agent to:
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