Final answer:
An associate licensee representing the seller in an intermediary agency transaction owes the seller fiduciary duties of loyalty, confidentiality, and reasonable skill and diligence. Therefore, the correct answer to the question is A) All of the above.
Step-by-step explanation:
If an associate licensee is assigned to represent the seller in an intermediary agency transaction, the licensee owes the seller several fiduciary duties. These duties include but are not necessarily limited to loyalty, confidentiality, and reasonable skill and diligence. Specifically:
- Loyalty requires the associate licensee to act in the best interests of the seller, putting the seller's interests above their own and above those of others.
- Confidentiality demands that the associate licensee safeguard the seller's private information and not disclose it to any third party without the seller's consent, unless required by law.
- Reasonable skill and diligence means performing the duties of a real estate agent with the competence and care that is expected of a professional in the field.
Thus, if presented with the options A) All of the above, B) Loyalty, C) Confidentiality, and D) Reasonable skill and diligence, the correct choice would be A) All of the above.
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