Which of the following is a fiduciary duty that brokers owe to their clients?

Brokers in real estate operate under a fiduciary duty, which encompasses several key responsibilities to their clients. Each of the options provided represents an essential aspect of this fiduciary relationship.

Loyalty is fundamental; a broker must place the interests of the client above their own and avoid any conflicts of interest. This commitment ensures that the broker acts in the best interest of their client, fostering trust and reliability in the professional relationship.

Confidentiality is another critical duty that requires brokers to protect their clients' private information. This obligation extends beyond the transactional phase, meaning brokers cannot disclose any sensitive information that could harm their client’s negotiating position or personal situations.

Obedience involves the broker following all lawful instructions from the client. This duty underlines the importance of adhering to the client's wishes as long as they are legal and ethical, ensuring that the client's objectives are pursued without deviation.

Since all three—loyalty, confidentiality, and obedience—are foundational fiduciary duties that brokers owe their clients, the comprehensive answer to the question reflects the complete scope of these responsibilities. Therefore, selecting the option indicating that all of these elements are fiduciary duties emphasizes the holistic nature of the broker-client relationship in real estate practice.