Which element is NOT a fiduciary duty of an agent?

Enhance your skills for the Maine TRELG Associate Broker exam with interactive quizzes and expert explanations. Study any time, anywhere, and assess your knowledge to excel in your exam!

A fiduciary duty is a legal obligation that entails acting in the best interest of another party, typically in a relationship such as an agent and a client. In real estate, agents uphold several fiduciary duties, including reasonable care, honesty, and confidentiality.

Reasonable care involves agents using their expertise and diligence to protect the interests of their clients. Honesty is crucial in maintaining trust and transparency in communications and transactions. Confidentiality ensures that sensitive information shared by the client remains protected, which is essential for maintaining the client’s trust and safeguarding their interests.

Real estate marketing, while important for promoting properties, is not classified as a fiduciary duty. It is a function or activity that an agent performs to facilitate transactions, but it does not carry the same level of personal responsibility toward the client as the other fiduciary duties do. Therefore, it is correct to say that real estate marketing is not a fiduciary duty, as it does not inherently involve the personal commitment to act in the best interest of the client that defines fiduciary responsibilities.

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