Fiduciary duty
Loyalty and care to client.
Public flashcard set
Real Estate Agency & Ethics
Representation duties.
real-estate exam career
Flashcards
Client vs customer
Client = represented; customer = not.
Listing agreement
Seller hires broker to market property.
Buyer agency
Agent represents buyer.
Dual agency
One brokerage represents both sides (restricted).
Disclosure
Reveal material facts as required.
Confidentiality
Protect client's private information.
Loyalty
Put client's interests first.
Obedience
Follow lawful client instructions.
Accounting
Handle funds properly.
Reasonable care
Competent professional effort.
Puffing
Opinionated sales talk (not fact).
Misrepresentation
False statement of material fact.
Steering
Illegal directing based on protected class.