Laws & AgencyPregunta 19 de 120
An agent's fiduciary duties to a principal are often summarized by the acronym OLD CAR. The 'C' most directly stands for:
a.Compensation
b.Confidentiality
c.Compliance
d.Consideration
Explicación
The fiduciary duties commonly memorized as OLD CAR are Obedience, Loyalty, Disclosure, Confidentiality, Accounting, and Reasonable care. A real estate agent must keep the principal's confidences even after the transaction closes. These duties flow from the agency relationship established under California law.
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