Explain what is meant by an agent's fiduciary duty. Give three examples of how that fiduciary duty can be breached.

Some examples from the text include: must disclose information, not take hidden commissions or kickbacks, always act in the principal's best interests, should not take advantage of opportunities that come through the agency position, must disclose any conflicts, can't act for two principals, can't purchase client's property being sold or sell property to principal without prior disclosure of personal interest, and can't operate in competition with the principal.