Which of the following is a fiduciary duty owed to a client in NSAR practice?

• A. Loyalty and confidentiality only.
• B. Disclosing all known facts to everyone in the market.
• C. Loyalty, confidentiality, disclosure of material facts, obedience to lawful instructions, accounting for funds, and using reasonable care and skill.
• D. Marketing the property regardless of the client's instructions.

Answer: (C)

In NSAR practice, a real estate professional must act in the client’s best interests and handle information and funds with care, exercising loyalty and confidentiality while also managing material facts, following lawful directions, accounting for money, and using reasonable skill and care. The option that includes loyalty, confidentiality, disclosure of material facts, obedience to lawful instructions, accounting for funds, and using reasonable care and skill captures the full set of fiduciary duties. The other choices fall short: sharing every known fact with everyone in the market goes beyond the client relationship and can violate confidentiality and relevance, and marketing the property against the client’s instructions breaches obedience and the duty to act in the client’s best interests. This comprehensive list reflects the responsibilities a licensee must uphold in representing a client.