What is not included in the fiduciary duties of a broker?

The fiduciary duties of a broker are fundamental to the agent-client relationship and encompass several key responsibilities. These typically include obedience, reasonable care, loyalty, disclosure, and accounting. Each duty serves to ensure that brokers act in the best interests of their clients.

Negotiation, while an important skill in real estate transactions, is not classified as a fiduciary duty in the same way as obedience, reasonable care, and disclosure. Rather, negotiation is a process or technique that brokers employ to advocate for their clients' interests. The broker's fiduciary duties focus more on their responsibilities to act in good faith, with competence, and to keep clients informed of pertinent information.

Obedience requires the broker to follow the lawful instructions of their client, while reasonable care means that the broker must act with the level of skill and diligence expected in the profession. Disclosure involves informing clients about material facts that could affect their decisions.

Thus, negotiation is separate from these fiduciary responsibilities, making it the correct answer to the question regarding what is not included in the fiduciary duties of a broker.