A broker, acting as the agent of a seller, must deal honestly and fairly with whom?

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Prepare for the UCF REE3043 Fundamentals of Real Estate Exam 3. Review with multiple choice questions and detailed explanations. Boost your readiness and confidence for the real estate exam!

A broker acting as the agent of a seller has an obligation to deal honestly and fairly with everyone involved in the transaction, not just the seller or the buyer. This principle is rooted in the fiduciary duties that real estate agents owe not only to their clients but also to third parties in a transaction.

By fostering an environment of honesty and fairness, the broker helps ensure that the transaction is conducted ethically. This is crucial in maintaining trust among all parties involved, as it promotes transparency and can lead to a smoother transaction process. Additionally, the broker's obligation to other parties can help protect against potential legal issues that might arise from misconduct or misrepresentation. In many jurisdictions, this duty extends beyond the direct client relationship, emphasizing the importance of integrity in the real estate profession.