What responsibility requires an agent to follow their client's lawful instructions?

Study for the FBLA Real Estate Exam with flashcards and multiple choice questions that offer hints and explanations. Prepare effectively for success in your exam!

Multiple Choice

What responsibility requires an agent to follow their client's lawful instructions?

Explanation:
The responsibility that requires an agent to follow their client's lawful instructions is obedience. This principle of obedience dictates that an agent must act in accordance with the client's wishes and comply with their lawful instructions, as long as those instructions do not break any laws or ethical standards. This emphasizes the agent's duty to serve the client's interests, ensuring that the client's decisions are respected and carried out as specified. In real estate practice, obedience is crucial because it helps foster trust between the agent and the client. The client relies on the agent to follow their guidance in transactions, negotiations, or any actions relevant to their interests. This responsibility is foundational for building a strong agency relationship. While fiduciary duty encompasses several responsibilities, including loyalty and obedience, the specific element focusing on following a client's instructions is obedience itself. Loyalty, on the other hand, refers to the agent's commitment to act in the best interest of the client, while authority relates to the legal power given to the agent by the client to act on their behalf. Each of these concepts plays an important role in agency relationships, but obedience specifically addresses the requirement to follow the client's lawful instructions.

The responsibility that requires an agent to follow their client's lawful instructions is obedience. This principle of obedience dictates that an agent must act in accordance with the client's wishes and comply with their lawful instructions, as long as those instructions do not break any laws or ethical standards. This emphasizes the agent's duty to serve the client's interests, ensuring that the client's decisions are respected and carried out as specified.

In real estate practice, obedience is crucial because it helps foster trust between the agent and the client. The client relies on the agent to follow their guidance in transactions, negotiations, or any actions relevant to their interests. This responsibility is foundational for building a strong agency relationship.

While fiduciary duty encompasses several responsibilities, including loyalty and obedience, the specific element focusing on following a client's instructions is obedience itself. Loyalty, on the other hand, refers to the agent's commitment to act in the best interest of the client, while authority relates to the legal power given to the agent by the client to act on their behalf. Each of these concepts plays an important role in agency relationships, but obedience specifically addresses the requirement to follow the client's lawful instructions.

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