License Law & AgencyQuestion 40 of 100
A seller's agent owes the fiduciary duty of loyalty to the:
a.Seller (principal)
b.Buyer
c.Lender
d.General public
Explanation
The duty of loyalty requires the agent to place the principal's interests above all others, including the agent's own. A seller's agent owes that loyalty to the seller. The agent must still treat the buyer honestly and fairly and disclose known material defects.
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