The salespersons sponsored by a broker owe fiduciary duties to:

Prepare for the TREC Law of Agency Exam. Study with multiple-choice questions and detailed explanations. Get confident for your test!

Fiduciary duties in a real estate context involve a legal and ethical obligation to act in the best interests of others. Salespersons sponsored by a broker have a dual responsibility in this regard. They owe fiduciary duties both to their clients and to their broker.

To clients, salespersons must provide loyalty, full disclosure, care, obedience, and accounting. This means that they must prioritize the clients' interests and keep their best interests in mind during transactions.

At the same time, they also have responsibilities to their sponsoring broker. The salesperson must act in accordance with the broker's policies, uphold the reputation of the brokerage, and ensure that they are performing their duties in a manner that reflects positively on the broker.

This dual commitment enhances the professional integrity of real estate transactions and supports the overall functioning of the brokerage system, ensuring that both client interests and broker expectations are fulfilled.

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