Principles of Real EstateQuestion 1 of 120
In a general agency relationship, which duty requires a real estate licensee to place the principal's interests above the licensee's own?
a.The duty of loyalty (obedience and putting the principal first)
b.The duty of price fixing
c.The duty to guarantee a sale
d.The duty to appraise the property
Explanation
Loyalty is a core fiduciary duty owed by an agent to a principal, requiring the agent to act in the principal's best interest. In Florida, however, most licensees work as transaction brokers rather than single agents, which changes the specific duties owed. Fiduciary-style duties are strongest in a single-agent relationship.
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