Agency & LawQuestion 40 of 120
Which of the following actions by an agent would MOST likely breach the fiduciary duty of loyalty?
a.Secretly buying the client's property through a relative at a low price
b.Recommending a licensed home inspector
c.Presenting all written offers to the seller
d.Advising the client to obtain legal counsel
Explanation
The duty of loyalty requires the agent to put the client's interests first and avoid undisclosed self-dealing. Secretly acquiring the client's property for personal gain is a classic breach of loyalty.
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Related questions on this topic
- Under an 'exclusive right to sell' listing, the broker earns a commission:
- A 'net listing,' where the broker keeps any amount above a price set by the seller, is:
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- An agent must present to the seller:
- 'Puffing' differs from misrepresentation because puffing:
- A single agent who represents the buyer in a transaction owes the buyer the duty to:
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