Agency
Which of the following best describes a seller's agent's fiduciary duty of loyalty in Wyoming?
AThe agent must disclose all known defects to the buyer
BThe agent must put the seller's interests above all others, including the agent's own✓ Correct
CThe agent must represent both parties fairly
DThe agent must obtain the highest possible price regardless of ethical considerations
Explanation
Loyalty requires the seller's agent to place the seller's interests above all others, including the agent's own financial interests. This means the agent must not take actions that benefit themselves at the seller's expense.
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