A licensee represents the client. Which of the following best describes that relationship?

A licensee represents the client. Which of the following best describes that relationship?

• A. The lender
• B. The client
• C. The public
• D. The broker

Answer: (B)

Representing a client means the licensee acts as the client’s agent in the transaction, authorized to advocate for the client’s interests. The licensee owes fiduciary duties to the client—loyalty, confidentiality, obedience, full disclosure, accounting, and competent care—and works to obtain the best possible terms for that client. The lender or the public aren’t the client in this relationship, and while the broker is the office or firm the licensee works under, the relationship described here is specifically between the licensee and the client.

Representing a client means the licensee acts as the client’s agent in the transaction, authorized to advocate for the client’s interests. The licensee owes fiduciary duties to the client—loyalty, confidentiality, obedience, full disclosure, accounting, and competent care—and works to obtain the best possible terms for that client. The lender or the public aren’t the client in this relationship, and while the broker is the office or firm the licensee works under, the relationship described here is specifically between the licensee and the client.