Fiduciary Duties of Agent

The flashcards below were created by user batkinson on FreezingBlue Flashcards.

  1. Loyalty
    To act solely for the benefit of the client in matters entrusted to him/her.
  2. Obedience
    Carry out the client's lawful instructions.
  3. Full Disclosure
    Disclose any information which is relevant to affairs entrusted, that may influence the decision of the principal.
  4. Confidentiality
    • 1. While the Agency relationship is in effect.
    • 2. After termination of Agency
    • 3. Conflict
    • 4. Reasonable Care and Diligence
    • 5. Accounting
Author:
batkinson
ID:
219108
Card Set:
Fiduciary Duties of Agent
Updated:
2013-05-11 20:55:15
Tags:
Terminology
Folders:

Description:
Behavior in real estate transactions
Show Answers: