North Dakota Real Estate Practice Exam 2026 – Comprehensive All-in-One Guide for Exam Success!

An agent's fiduciary duty of loyalty encompasses prioritizing the client's interests above all others, including the agent's own interests and those of third parties. This loyalty implies that the agent must act in good faith and with the utmost integrity, ensuring that decisions and actions taken on behalf of the client are solely for the benefit of the client.

By prioritizing the client's interests, the agent fosters trust and maintains a strong professional relationship. This duty is foundational in real estate practice, where clients often rely heavily on their agents for guidance and representation in significant financial transactions.

While accurate property assessments, effective negotiation, and thorough documentation are all essential aspects of an agent's responsibilities, they do not specifically embody the fiduciary duty of loyalty. Those elements relate more to the agent's competencies and professional skills rather than the core principle of prioritizing the client's interests.