Agency
An agent's fiduciary duty of 'obedience' means the agent must:
AFollow all client instructions, including unlawful ones
BFollow all lawful client instructions promptly✓ Correct
CObey the DOS's regulations above all else
DAlways act in the buyer's best interest even without an agreement
Explanation
The duty of obedience requires the agent to follow the lawful instructions of the principal. An agent must not follow instructions that are illegal or unethical.
Related New York Agency Questions
- The duty of loyalty in an agency relationship requires the agent to:
- An agent who purchases a listing client's property for themselves without full disclosure is guilty of:
- In New York, the agency disclosure form must be provided to a buyer or seller:
- What is 'apparent authority' in agency law?
- Under New York law, a dual agent owes which of the following duties to BOTH the buyer and seller?
- In New York, a seller's agent learns the seller intends to sell only to buyers of a specific religion. The agent should:
- Which of the following is NOT a fiduciary duty owed by an agent to their principal in New York?
- A New York seller's agent who discovers mid-transaction that the buyer has been misrepresenting their financial qualifications should:
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