Fiduciary Duties of a Real Estate Agent-oldcar Flashcards

Fiduciary Duties of a Real Estate Agent-oldcar Flashcards ConfidentialityThe agent must keep confidential any information given to her by her client, especially information that may be damaging to the client in a negotiation.ObedienceThe agent must obey all lawful orders that the client gives her.CareThe agent must use all of her skills to the best of her ability on behalf of the client.

Accounting:The agent must account for all funds entrusted to her and

not commingle (combine) client/customer funds with her personal and /or business funds.

Loyalty:The agent owes undivided loyalty to the client and put the

client's interests above her own.DisclosureThe agent must disclose to the client any information she receives that may benefit the client's position in a negotiation.