What fiduciary duties must single agent relationships adhere to?

In a single agent relationship, the fiduciary duties owed to a client are fundamental to establishing trust and ensuring that the agent represents the client's interests fully and competently. The correct answer highlights the four key duties: confidentiality, obedience, loyalty, and full disclosure.

Confidentiality means that the agent must keep the client's information private, not disclosing any confidential details without the client's permission. This protects the client's position in negotiations and helps maintain a secure relationship between the agent and client.

Obedience requires that the agent follows the lawful instructions of the client as long as they are ethical and within the law. This ensures that the client's wishes are prioritized in all matters relating to the transaction.

Loyalty is about prioritizing the client's best interests above all else. The agent must avoid conflicts of interest and work diligently to promote the client's objectives in the transaction.

Full disclosure obligates the agent to inform the client about all relevant information that could influence their decision-making process. This duty ensures that clients are well-informed and can make timely decisions based on complete information.

These fiduciary duties foster a strong, ethical relationship between the agent and the client, ensuring that the agent acts in the best interest of the client throughout the real estate process.