What are the primary duties of a broker as a fiduciary?

In the realm of real estate, a broker's role as a fiduciary involves a set of primary duties that are essential for maintaining trust and ensuring the best interests of the client are upheld. The correct choice highlights three fundamental responsibilities: loyalty, confidentiality, and full disclosure.

Loyalty signifies that the broker must prioritize their client's interests above all others, including their own. This means that the broker should not engage in any conduct that would undermine the client's objectives or create conflicts of interest.

Confidentiality is another crucial duty, requiring that the broker keeps all sensitive information acquired during the relationship with the client private. This may include personal details, financial circumstances, and any information discussed regarding the client's intentions, which are essential to maintaining trust.

Full disclosure entails that the broker must fully inform the client about any relevant information that could affect their decisions in the transaction. This may include potential risks, market conditions, or any issues with the property that the broker is aware of. By ensuring the client has all necessary information, brokers enable informed decision-making.

The other options involve responsibilities that do not encapsulate the true nature of fiduciary duties as established in real estate law. While certain aspects like cooperation and transparency are important in the broader context of real estate transactions,