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As an Agent for the Buyer or Seller, a Broker

Question 2

Multiple Choice
As an agent for the buyer or seller, a broker has 6 basic fiduciary responsibilities. Which of the following definitions best describes the responsibility of "Obedience"?
A) Broker must follow the instructions of the principal to the limits of what is legal and ethical
B) Broker must keep principal informed of all changes in the financials of the negotiation
C) Broker must not convey information about principal's financial status or motivations
D) Broker must never subordinate the best interest of the principal to the interests of others, including himself/herself

As an agent for the buyer or seller, a broker has 6 basic fiduciary responsibilities. Which of the following definitions best describes the responsibility of "Obedience"?


A) Broker must follow the instructions of the principal to the limits of what is legal and ethical
B) Broker must keep principal informed of all changes in the financials of the negotiation
C) Broker must not convey information about principal's financial status or motivations
D) Broker must never subordinate the best interest of the principal to the interests of others, including himself/herself

Correct Answer:

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