Virginia Real Estate Exam Practice Question
When you refuse to serve prospective buyers based on their ethnicity, your client fires you as his agent, and you agree to his decision to part ways. Do you still owe him any fiduciary duties?
Correct Answer: C
Rationale: Upon termination of the agency relationship, certain fiduciary duties persist. Option C accurately reflects that the duty of reasonable skill and care applies to actions taken during the relationship, ensuring that past clients are treated fairly.
Option A dismisses the importance of ongoing responsibilities, which is misleading and unprofessional. Option B suggests a blanket continuation of all duties without considering the context of the termination. Option D incorrectly limits fiduciary duties to a time frame of one year, failing to recognize that duties related to prior actions can extend beyond a specific period.
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