Final answer:
A broker, real estate salesperson, and associate broker can all serve as fiduciaries to a principal in a real estate context. They are required to prioritize their clients' interests and adhere to a high standard of ethical conduct.
Step-by-step explanation:
The question regards which individuals may act as a fiduciary to a principal in a real estate context. In this role, a fiduciary is obliged to put their client's (the principal's) interests ahead of their own, maintaining a high standard of honesty and loyalty to the principal.
The individuals who may serve as a fiduciary to a principal include:
- The broker
- The real estate salesperson
- The associate broker
All of the above are licensed real estate professionals who can be entrusted to act in a fiduciary capacity on behalf of their principal, assuming they have entered into a fiduciary relationship as defined by their state's real estate laws and regulations.