B. CLIENT BEFORE SELF - ABSOLUTE FIDELITY
In this topic, we will examine the concept of absolute fidelity, which requires licensees to prioritize their client’s interests above their own. This is a fundamental principle in real estate practice. Please briefly review the corresponding documents to understand the implications and applications of absolute fidelity.
Summary:
Absolute fidelity to the client’s interests means putting the client’s needs ahead of the licensee’s own interests. This involves disclosing any personal interests in a transaction, whether financial or relational, to ensure transparency. The duty of absolute fidelity encompasses avoiding conflicts of interest, making full disclosures, and not taking advantage of the client’s trust. For example, a licensee must disclose if they are acting as a principal in the transaction or have a personal relationship with one of the parties involved.
