Texas · Chapter 16 of 44
Licensee Obligations to Transaction Parties
Duties owed to clients (fiduciary) vs. duties owed to non-client parties (honesty and fair dealing), and obligations to disclose known material facts.
15-minute read · Built for the TREC Sales Agent Exam
fiduciary dutyhonesty and fair dealingmaterial factdisclosuremisrepresentation
Duties to Clients
Fiduciary duties (OLD CAR) are owed to clients. These duties are the highest in law and exceed ordinary commercial duties.
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