California · Chapter 13 of 59
Fiduciary Duties to Principal
The fiduciary duties of care, loyalty, obedience, disclosure, accounting, and confidentiality (OLD CAR).
30-minute read · Built for the DRE Salesperson Exam
fiduciary dutyobedienceloyaltydisclosureconfidentialityaccountingreasonable careOLD CAR
The Six Fiduciary Duties (OLD CAR)
An agent owes six fiduciary duties to the principal, remembered by the acronym OLD CAR: Obedience, Loyalty, Disclosure, Confidentiality, Accounting, and Reasonable Care. These are the highest duties in the law and distinguish the principal from all other parties to whom the agent owes only honesty and fair dealing.
Civil Code §2079.16, §2322
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