Question

Fidelity, of The Canons of Professional Ethics and Conduct states:

A. That the primary duty of the real estate agent is to represent the interest of the agent's client
B. That the real estate agent be faithful and observant to trust placed in the agent
C. That the real estate agent place no personal interest above that of the agent's client
D. All of the above

Answer 1

The term Fidelity in real estate ethics encompasses an agent's duty to represent the client's interest, be trustworthy and faithful, and place the client's interest above their own personal interest. The correct answer is D. All of the above, as it reflects the professional commitments of a real estate agent towards their client.

Step-by-step explanation:

The Canons of Professional Ethics and Conduct for real estate professionals mention a concept known as Fidelity. This term is multifaceted and can encompass several duties that a real estate agent owes to their client. According to the options provided in the question, and considering the duties outlined by philosopher W. D. Ross, the concept of Fidelity in the context of real estate ethics includes:

1. Representation of the client's interest: The agent's primary duty is to serve the best interests of the client, which might involve advising on property value, negotiation tactics, and suitable properties.
2. Trust and Faithfulness: An agent is expected to be trustworthy and maintain the confidence placed in them by the client. This trust is fundamental to the fiduciary relationship between agent and client.
3. Priority of Client's Interest: An agent should always place the interests of the client above their interests to prevent conflicts of interest and ensure impartial advice.

The correct answer to the question is D. All of the above, as these elements of Fidelity represent the ethical commitments a real estate agent has towards their client, aligning with Ross's duty of fidelity to keep promises and be truthful.

Answer 2

D. All of the above

Fidelity, as stated in the Canons of Professional Ethics and Conduct for real estate agents, encompasses the duties of representing the interests of the client, being faithful and observant to the trust placed in the agent, and prioritizing the client's interests over personal ones.