Alabama Real Estate Practice Exam

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What are the fiduciary responsibilities of agents?

  1. Loyalty, obedience, and accountability

  2. Loyalty, obedience, disclosure, confidentiality, and reasonable care and diligence

  3. Disclosure, confidentiality, and reasonable care

  4. Accountability and reasonable care

The correct answer is: Loyalty, obedience, disclosure, confidentiality, and reasonable care and diligence

Fiduciary responsibilities of agents are a set of legal and ethical obligations that agents have towards their clients. These responsibilities include loyalty, obedience, disclosure, confidentiality, and reasonable care and diligence. Option A, loyalty, obedience, and accountability, is incorrect as it does not include all the fiduciary responsibilities. Option C, disclosure, confidentiality, and reasonable care, is also incorrect as it does not include loyalty and obedience. Option D, accountability and reasonable care, is not a comprehensive list of fiduciary responsibilities and does not include elements such as loyalty and disclosure. Therefore, option B, which includes all the correct fiduciary responsibilities, is the most accurate answer.

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