Alberta Real Estate Licensing Exam Practice · Question
Which of the following describes a 'fiduciary duty' owed by a real estate professional to their client?
Fiduciary duty encompasses loyalty, care, and good faith, meaning the professional must act in their client's best interests above all else.
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Question: Which of the following describes a 'fiduciary duty' owed by a real estate professional to their client?
Answer options: ✅ A duty of utmost loyalty, care, and good faith.
- A duty to achieve the highest possible price for a seller.
- A duty to provide legal advice regarding the transaction.
- A duty to guarantee the property's future market value.
Correct answer: A duty of utmost loyalty, care, and good faith.
Explanation: Fiduciary duty encompasses loyalty, care, and good faith, meaning the professional must act in their client's best interests above all else.
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