What is included in the fiduciary duty of a real estate broker?

The fiduciary duty of a real estate broker encompasses a range of responsibilities aimed at serving the best interests of their clients. The correct choice highlights key aspects of this duty, including loyalty, disclosure, obedience, confidentiality, accounting, and skill.

Loyalty means putting the client's interests above the broker’s or any other party's interests. Disclosure involves informing clients of all relevant facts that could affect their decisions. Obedience refers to following the lawful instructions of the client. Confidentiality means keeping the client’s information private, while accounting ensures that the broker properly handles the client's funds and property. Lastly, skill pertains to the broker's ability to perform their duties competently and with a level of care and diligence.

These elements work together to create a trust-based relationship essential for effective representation in real estate transactions. Understanding these fiduciary duties is crucial for maintaining professional ethics and ensuring that clients receive the best possible service.