Question

What's the relationship between the fiduciary duties owed by a licensee and the level of care provided by that licensee?

a) A licensee who exercises an appropriate standard of care is automatically performing the required fiduciary duties.
b) None. They're separate concepts.
c) The fact that agents are fiduciaries raises the level of care required of licensees.
d) The level of care expected of a licensee is specifically described by the six fiduciary duties.

Answer 1

The relationship between the fiduciary duties of a licensee and the care provided is that the fiduciary role enhances the level of care required. The duties of loyalty, confidentiality, and reasonable care among others set a higher standard for licensees.

Step-by-step explanation:

The relationship between the fiduciary duties owed by a licensee and the level of care provided by that licensee is represented by option c: The fact that agents are fiduciaries raises the level of care required of licensees. Fiduciary duties, such as loyalty, confidentiality, disclosure, obedience, accounting, and reasonable care and diligence, elevate the standard of conduct beyond what might be considered 'ordinary care' in non-fiduciary contexts. As fiduciaries, licensees must act in the best interest of their clients, which encompasses a higher degree of responsibility and care than a basic contractual obligation.