When a seller lists a property with a real estate agent, what is the agent's primary fiduciary duty?

The agent's primary fiduciary duty when listing a property is to obtain the highest possible price for the seller. This obligation is rooted in the fiduciary relationship that exists between the agent and the seller, where the agent is required to act in the best interest of the seller. The agent must use their skills and resources to effectively market the property, negotiate offers, and ensure that the seller receives the best financial outcome possible from the sale.

While maintaining confidentiality and managing offers is important, it is not the primary duty. Similarly, representing the buyer's interests is not relevant in this context, as the agent's responsibility is to advocate for the seller. Availability for showings, although beneficial for ensuring potential buyers see the property, does not encapsulate the essence of the agent's foremost duty, which is centered on maximizing the seller's financial return. Overall, the agent’s overarching goal is to secure the best price for the property, thereby fulfilling their fiduciary responsibility to the seller.