Each of the following is a fiduciary duty, which licensed real estate brokers and agents...

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Accounting

Each of the following is a fiduciary duty, which licensed real estate brokers and agents legally and ethically must meet, except

a. The duty of care, which requires that real estate brokers and agents have adequate training in the real estate profession and in the regulations of the California DRE.

b. The duty to notify, which requires that real estate brokers and agents maintain prompt and accurate communications with their clients, particularly of relevant events, such as the receipt of an offer, of a response to an offer, or of a counteroffer.

c. The duty to account, which requires that real estate brokers and agents provide accurate accounting for clients, such as of deposits, rents, payments, and expenses.

d. The duty of loyalty, which requires that real estate brokers and agents exhibit the highest degree of honesty and fidelity to a client, by avoiding taking a position contrary to the clients interests, such as for themselves or for another client.

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