Question

Designated agency means the clients do not have the full level of fiduciary duties available to them that they would have if they were fully involved in seller agency or buyer agency. In this situation, the client gives up the fiduciary duty of undivided what?

A. Loyalty
B. Confidentiality
C. Accountability
D. Blind obedience

Answer 1

Answer: Option (A)

Explanation:

Here, in this particular scenario the client would gives up his/her fiduciary duty of undivided loyalty. The fiduciary duty is referred to as the legal act responsibility i.e. the accountability to perform completely or exclusively in the best interest of the other individual or the other party.  Here, the client does not have complete level of the duties.