The agent in an agency relationship has the "fiduciary duty" to act in the best interest of the client. This means that any "duty free" arrangement would not be allowed, as it goes against the law. The agent also has a "general duty" to be honest and treat all parties involved in the transaction fairly.
These are questions that the above text answers:
1. What is the role of a real estate agent in an agency relationship?
2. What does it mean for an agent to have a fiduciary duty?
3. What is the general duty of a real estate agent?
4. Who does a real estate agent have a fiduciary duty to?
5. What are the responsibilities of a real estate agent towards their clients?
6. What is the consequence of an agent not acting in the best interest of their client?
7. How should a real estate agent treat all parties involved in a transaction?
8. Can an agent prioritize their own interests over their client's interests?
9. Are there any exceptions to an agent's fiduciary duty in real estate transactions?