What is the primary responsibility of a broker under their fiduciary duty?

The primary responsibility of a broker under their fiduciary duty is to act for someone else's benefit. This relationship is founded on trust and requires the broker to put the interests of their client above their own.

A fiduciary duty encompasses several key obligations, including loyalty, full disclosure, confidentiality, and the duty to act in good faith. The broker must prioritize the client's needs and desires when providing services, ensuring that they act in the best interest of the client, whether that involves negotiating a better deal or providing relevant information about property transactions.

The emphasis on acting for someone else's benefit is crucial in fostering a trustworthy relationship between the broker and the client. It ensures that clients can rely on their broker's expertise and integrity throughout the transaction process. In contrast, other options divert from this fundamental principle, such as maximizing personal profit or minimizing agency disclosures, which could undermine the client's interests.