What fundamental principle governs the actions of a limited agent in Indiana?

The fundamental principle that governs the actions of a limited agent in Indiana is indeed the maintenance of confidentiality of both parties' information. This principle is crucial because limited agents operate under specific limitations and responsibilities that require them to manage and protect the sensitive information of their clients. This means that they must not disclose confidential information received from one party to the other party without consent.

In real estate transactions, maintaining confidentiality helps build trust between the agent and the clients, ensuring that personal and financial details are safeguarded. This obligation is essential for complying with legal standards and ethical practices within the real estate profession.

While actions like providing unrestricted advice to clients or serving as an intermediary for negotiation are part of the agent's duties, they do not capture the essence of the primary responsibility tied to confidentiality, which is foundational in maintaining the integrity of the agent-client relationship. Additionally, the idea of acting without permissions contradicts the role of the limited agent, as their actions are confined to what the clients permit.