It is the duty of an agent to disclose to the principal every material step taken in the transaction of the principal's business. This is because the
A) commission can be adjusted up or down according to the agent's efforts.
B) agent has fiduciary obligations to the principal.
C) terms of the listing contract require the agent to do so.
D) terms of the purchase contract require the agent to do so.
Answer: B) agent has fiduciary obligations to the principal.
Business
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