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Monday, 14 October 2019
Agent Resource Center

Question–Real Estate Law imposes upon a real estate agent the highest obligation of undivided interest and loyalty to his principal. This relationship is comparable to that of:

Posted On Thursday, 26 September 2019 05:00

(A) A lessee to lessor
(B) A trustee to his beneficiary
(C) A vendor to the purchaser
(D) A salesperson to his broker

 

Answer:  (B) The relationship of trustee to beneficiary denotes the highest degree of loyalty and trust. A salesperson is an agent of his broker, but the essence of the relationship is that of trustee to beneficiary.

Read 1033 times Last modified on Thursday, 26 September 2019 15:16
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