The penalty for breach of the fiduciary duty of an agent is:
A) loss of compensation and profit.
B) imprisonment for a period of 5 years.
C) $1000 for each instance of the act.
D) permanent reduction in the rate of commission.
E) loss of possession and title to the property.

Question

Quizplus · Accepted Answer

The penalty for breach of fiduciary duty of an agent is usually loss of compensation and profit. However, there may be additional consequences such as legal action for damages or revocation of the agent's license. Imprisonment, fines, and loss of possession/title to the property are not typical penalties for breach of fiduciary duty.

The Penalty for Breach of the Fiduciary Duty of an Agent