Question

The only brokerage relationship that includes fiduciary duties is the ______ ______.

1. single agent
2. general agent
3. special agent

Answer 1

The only brokerage relationship that includes fiduciary duties is the single-agent relationship.

Step-by-step explanation:

The only brokerage relationship that includes fiduciary duties is the single-agent relationship.

1. A single-agent relationship occurs when a real estate agent or broker represents only one party in a transaction.
2. In this relationship, the agent owes fiduciary duties to their client, including loyalty, confidentiality, full disclosure, obedience, and reasonable care.
3. This means that the agent must act in the best interest of the client and disclose any information that may affect the client's decision-making process.