California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

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To whom does Broker B owe his fiduciary duty when hired as a buyer's broker?

Seller
Both the buyer and the seller
Buyer A
The government

The correct answer is: Buyer A

When hired as a buyer's broker, Broker B owes his fiduciary duty to the buyer. Option A, the seller, is incorrect because a seller's broker owes their fiduciary duty to the seller. Option B states that Broker B owes his fiduciary duty to both the buyer and the seller, which is incorrect because a broker can only represent one party in a transaction, not both. Option D, the government, is incorrect as the fiduciary duty of a broker does not extend to the government. Therefore, option C, the buyer, is the only correct answer as it accurately represents the fiduciary duty of a buyer's broker.