What is the nature of a broker's fiduciary duty?

A broker's fiduciary duty is fundamentally about loyalty and dedication to the interests of their clients. This duty means that a broker must act in the best interests of their clients throughout the real estate transaction process, placing the clients' needs and objectives ahead of their own.

The broker is responsible for ensuring that their clients are well-informed and supported in making decisions, which includes providing guidance on market trends and pricing, but the core of fiduciary duty is centered around representation. This includes maintaining confidentiality, offering full disclosure, and providing competent advice, all aimed at protecting the client's interests.

When considering the choices provided, the duty to represent the interests of clients at all times encapsulates the essence of a broker's role. It highlights the commitment to advocate on behalf of the client, ensuring that their best interests are prioritized in every aspect of the transaction.