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The Principal-Agent Relationship & Duties in Real Estate

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Who is the principal in the principal-agent relationship?

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1. Who holds the fiduciary duty in the principal-agent relationship?

2. Which of the following is not a fiduciary duty of the agent?

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About This Quiz & Worksheet

This quiz and worksheet is an assessment of what you remember about the principal-agent relationship in real estate. You'll review the jobs of each of these roles and how they work together.

Quiz & Worksheet Goals

This quiz and worksheet targets your understanding of:

  • Who the principal is in the principal-agent relationship
  • The party that holds the fiduciary duty
  • The fiduciary duties of an agent
  • Information that is covered by the fiduciary duty of confidentiality

Skills Practiced

  • Information recall - see what you recall about who the principal is in the principal-agent relationship
  • Knowledge application - use what you know to answer questions about fiduciary duties
  • Interpreting information - verify that you read and are able to correctly interpret the duties of the principal in the relationship

Additional Learning

There is a complete overview of this topic offered in the lesson, The Principal-Agent Relationship & Duties in Real Estate. This lesson covers more detail about:

  • The role of the agent
  • Defining fiduciary duty
  • The seven types of fiduciary duties
  • What the fiduciary duty of performance is
  • How the principal is obligated to protect their agent
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