QuestionJune 29, 2025

The canon of fidelity requires that a real estate broker or sales agent, while acting as an agent for another, be faithful and observant to trust placed in the agent and be scrupulous and meticulous in performing the agent's function. be informed of market conditions affecting the real estate business. employ prudence and caution to avoid misrepresentation by either commission or omission. pledge to continuing education in the intricacies involved in marketing real estate.

The canon of fidelity requires that a real estate broker or sales agent, while acting as an agent for another, be faithful and observant to trust placed in the agent and be scrupulous and meticulous in performing the agent's function. be informed of market conditions affecting the real estate business. employ prudence and caution to avoid misrepresentation by either commission or omission. pledge to continuing education in the intricacies involved in marketing real estate.
The canon of fidelity requires that a real estate
broker or sales agent, while acting as an agent
for
another,
be faithful and observant to trust placed in the
agent and be scrupulous and meticulous in
performing the agent's function.
be informed of market conditions affecting the
real estate business.
employ prudence and caution to avoid
misrepresentation by either commission or
omission.
pledge to continuing education in the intricacies
involved in marketing real estate.

Solution
4.1(156 votes)

Answer

Real estate agents must be trustworthy, informed, cautious, and committed to continuous learning. Explanation 1. Define the Canon of Fidelity The canon of fidelity requires real estate brokers or sales agents to be faithful and observant to the trust placed in them by their clients. 2. Emphasize Trust and Performance Agents must be scrupulous and meticulous in performing their functions, ensuring they act in the best interest of their clients. 3. Stay Informed Agents should be informed about market conditions affecting the real estate business to provide accurate advice. 4. Exercise Prudence and Caution Agents must employ prudence and caution to avoid misrepresentation, whether by commission (active misstatement) or omission (failure to disclose). 5. Commit to Continuing Education Agents should pledge to ongoing education to understand the complexities involved in marketing real estate effectively.

Explanation

1. Define the Canon of Fidelity<br /> The canon of fidelity requires real estate brokers or sales agents to be faithful and observant to the trust placed in them by their clients.<br /><br />2. Emphasize Trust and Performance<br /> Agents must be scrupulous and meticulous in performing their functions, ensuring they act in the best interest of their clients.<br /><br />3. Stay Informed<br /> Agents should be informed about market conditions affecting the real estate business to provide accurate advice.<br /><br />4. Exercise Prudence and Caution<br /> Agents must employ prudence and caution to avoid misrepresentation, whether by commission (active misstatement) or omission (failure to disclose).<br /><br />5. Commit to Continuing Education<br /> Agents should pledge to ongoing education to understand the complexities involved in marketing real estate effectively.
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