Fidelity and Fiduciary Duty | Interactive 1

Legal Update II (2026-2027) Chapter 1 – Competency, Agency and Advertising Fidelity and Fiduciary Duty | Interactive 1

A license holder, while acting as an agent for another, is a fiduciary. Special obligations are imposed when such fiduciary relationships are created. They demand that the duty of a license holder is to represent the interests of the clients, treat other parties fairly, and place no personal interest above that of the client.

Why is it important for license holders to understand and uphold their
fiduciary duties, even when it may conflict with personal gain?

 

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