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Which of the following is not a fiduciary responsibility of agents as listed?

  1. Independence

  2. Loyalty

  3. Confidentiality

  4. Disclosure

The correct answer is: Independence

This means that independence is not one of the fiduciary responsibilities of agents. Independence refers to the agent's ability to make decisions without outside influence or pressure. While this may be a desirable quality for an agent, it is not a fiduciary responsibility. The other options, loyalty, confidentiality, and disclosure, are all important fiduciary responsibilities that agents must adhere to. Loyalty refers to acting in the best interest of the client, confidentiality refers to keeping sensitive information private, and disclosure refers to providing all relevant information to the client. Therefore, options B, C, and D are all incorrect as they are fiduciary responsibilities of agents.