Alberta Real Estate Licensing Exam Practice · Question
A buyer's licensee has a fiduciary duty to only act in the best interests of their buyer client, even if it means foregoing a beneficial opportunity for themselves. Which of the following duties best describes this obligation?
The duty of undivided loyalty mandates that a licensee must prioritize the client's interests above all others, including their own, aligning with the ethical r
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
Question: A buyer's licensee has a fiduciary duty to only act in the best interests of their buyer client, even if it means foregoing a beneficial opportunity for themselves. Which of the following duties best describes this obligation?
Answer options: ✅ Undivided Loyalty
- Confidentiality
- Reasonable Care and Skill
- Full Disclosure
Correct answer: Undivided Loyalty
Explanation: The duty of undivided loyalty mandates that a licensee must prioritize the client's interests above all others, including their own, aligning with the ethical requirements outlined in the Real Estate Act Rules.
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
More about Alberta Real Estate Licensing Exam Practice
Related Questions
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
- A brokerage receives a certified cheque for a $15,000 deposit on a residential property. Within how many busin
- A real estate associate, Maria, wants to purchase a property that her brokerage has listed. What is Maria's pr
More for Alberta Real Estate Licensing Exam Practice candidates
Study guides
FAQs
Question explanations
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Alberta Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.