4.2 Agency Positions and Disclosure

a buyer's earnest money should be deposited in which of the following?

an escrow account

the fiduciary duty of care when representing a buyer includes which of the following services?

assisting with counter offers

the 'c' in the acronym C.O.A.L.D. stands for which fiduciary duty?

care care and confidentiality obedience accounting loyalty disclosure and diligence

a broker must inform their clients of all known facts related to a transaction. this is an example of what fiduciary duty?

disclosure

a seller's broker is required to tell their client any relationship they may have with the buyer. this is an example of which fiduciary duty?

disclosure

a broker must always place his/her client's interests above their own. this is an example of what fiduciary duty?

loyalty

fiduciary

person in a position of trust and confidence, as between principal and broker broker as fiduciary owes certain loyalty which cannot be breached under the rules of agency

a broker as a fiduciary owes certain loyalty, which cannot be breached under the rules of agency?

true