Final answer:
Under common law, a licensee owes his/her client the duties of honesty, integrity, fairness, and disclosure of material facts.
Step-by-step explanation:
Under common law, a licensee owes his/her client the duties of honesty, integrity, fairness, and disclosure of material facts. These duties are based on the general principles of agency relationship and fiduciary duty. Licensees are expected to act in the best interest of their clients, provide accurate and complete information, and avoid any conflicts of interest.