California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Who owes fiduciary responsibility to the buyer?

The buyer's agent
The seller's agent
The broker
The seller

The correct answer is: The buyer's agent

The buyer's agent owes fiduciary responsibility to the buyer because they have a signed agreement with the buyer to represent their best interests in the real estate transaction. This includes acting in good faith, providing full disclosure of information, and remaining loyal to the buyer's needs. Option B, the seller's agent, has a fiduciary responsibility to the seller and may not always have the buyer's best interests in mind. Option C, the broker, has a fiduciary responsibility to the agent and not directly to the buyer, although they are responsible for ensuring all agents under their supervision uphold their fiduciary duties to their clients. Option D, the seller, does not have a fiduciary responsibility to the buyer as they are on the opposite side of the transaction.