California DRE Salesperson License & Examination Preparation License Requirements Exam Content
Agency & Fiduciary Duties

Fiduciary Duties & Compensation

Loyalty, disclosure, confidentiality, accounting, reasonable care, commissions and conflicts of interest.

Loyalty does not permit concealment

Agents still owe honesty and material disclosure to third parties.

Account for funds and property

Trust money and documents must remain controlled and traceable.

Conflicts require full disclosure

Self-dealing and compensation arrangements must be transparent.

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