Which of the following is a fiduciary obligation owed to a client?

Prepare for the New Brunswick Salesperson Test. Enhance your study experience with flashcards and multiple choice questions. Each question offers detailed hints and explanations. Gear up for your successful exam!

A fiduciary obligation is a legal duty to act in the best interest of another party, in this context, the client. Disclosing conflicts of interest is vital because it ensures transparency and trust in the client-agent relationship. When a salesperson discloses conflicts of interest, they allow the client to make informed decisions, understanding that the salesperson has obligations and interests that might affect their impartiality. This obligation fosters a relationship structured on honesty and integrity, which is essential in real estate transactions and professional dealings.

The other options do not reflect fiduciary duties. Making secret profits undermines trust, as it prioritizes the agent's financial gain over the client's best interests. Ignoring confidentiality directly breaches a fundamental aspect of fiduciary duty, which protects sensitive client information. Prioritizing personal interests contradicts the very essence of fiduciary responsibility, which demands that the client's needs come first.

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