Match the explanations to the legal duties and/or responsibilities that principals and agents have.

Duties created by signing a document such as an agency agreement.

Duty where the agent has a responsibility to put the client's needs ahead of their own and work towards achieving the absolute best possible result for the client with utmost trust and confidence.

Law coming from legislation such as the Real Estate Agents Act and Fair Trading Act. Remedies can include professional discipline, civil damages and fines for criminal offences.

Legal obligation to avoid acts or omissions that could likely cause harm to others.

Law that addresses situations where a person commits a civil wrong against another (such as negligence in their real estate work for the client).

Answer 5

Choose...

Statutory

Law of tort

Agency

Fiduciary

Duty of care

Contractual