Which of the following is NOT a fiduciary duty?

The correct answer identifies financial advice as not being a fiduciary duty. In real estate transactions, fiduciary duties refer to the legal and ethical responsibilities that an agent owes to their clients. These include loyalty, disclosure, and confidentiality, each playing a crucial role in maintaining a trustworthy relationship.

Loyalty means that an agent must act in the best interests of their client, putting the client's needs ahead of their own. Disclosure involves providing all relevant information that could affect the client’s decision-making process. Confidentiality ensures that any sensitive information shared by the client remains private and secure.

While offering financial advice can certainly be part of an agent's service, it is not categorized as a fiduciary duty. An agent may provide market insights and guidance, but they do not have a legal obligation to give specific financial advice, which more often falls under the purview of financial advisors or accountants. This distinction clarifies why financial advice does not fit within the framework of fiduciary duties in the context of real estate.