Agency & LawQuestion 27 of 120
Which of the following is NOT one of the traditional fiduciary duties an agent owes to a principal?
a.Loyalty
b.Obedience to lawful instructions
c.Confidentiality
d.Guaranteeing the property will appraise at the sales price
Explanation
Fiduciary duties commonly include loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care and diligence. An agent cannot guarantee an appraisal outcome, which depends on an independent appraiser and market data.
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