Which statement best describes the fiduciary duty of a real estate agent to their client?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

The fiduciary duty of a real estate agent to their client is fundamentally about loyalty and the obligation to act in the best interest of the client. This duty includes providing accurate and truthful information to ensure that the client can make informed decisions. By prioritizing transparency and honesty in communication, the agent fulfills their responsibility to serve the client's best interests. This principle is crucial in maintaining trust in the client-agent relationship and ensuring that decisions made during the transaction process are based on reliable data.

The other options highlight misunderstandings of fiduciary duty. Prioritizing the agent's interests over the client's contradicts the very nature of fiduciary responsibility, which is focused on loyalty and advocacy for the client. Acting on behalf of multiple clients could lead to conflicts of interest, which fiduciary duty aims to avoid. Lastly, fiduciary duties apply to all clients, not just buyers, reinforcing the agent's responsibility to provide care and loyalty regardless of the party they represent in the transaction.

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