Agency
In Pennsylvania, what is the 'fiduciary duty of loyalty' owed by an agent to their client?
AThe duty to be loyal to the real estate profession and follow NAR's Code of Ethics
BThe duty to place the client's interests above all others, including the agent's own interests and interests of third parties✓ Correct
CThe duty to remain loyal to one brokerage throughout the agent's career
DThe duty to maintain a loyal client database of past clients
Explanation
The duty of loyalty requires a Pennsylvania real estate agent to place their client's interests first — above the agent's own financial interests, the interests of other parties, and the interests of the other brokerage. For example, a listing agent must not recommend a buyer's agent who will pay them a referral fee unless that genuinely serves the seller's interests.
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