PSI Oklahoma Real Estate Practice Test 2026 – The Complete Guide to Exam Success!

In a transactional context, when a broker acts as a fiduciary for the buyer, it means that the broker has a legal and ethical obligation to act in the best interests of the buyer. This fiduciary relationship establishes trust and loyalty, where the broker is dedicated to representing the buyer's needs, preferences, and objectives throughout the real estate transaction.

The fiduciary relationship implies that the broker must provide full disclosure, confidentiality, and fair dealing while prioritizing the buyer's needs over their own or anyone else's interests. This level of commitment is essential in real estate transactions, as it ensures that buyers are well-represented and supported in making informed decisions.

A broker's relationship with the buyer can vary, but the fiduciary obligation underscores a significant level of responsibility and advocacy for the buyer's best interests rather than merely acting in a transactional capacity or favoring the seller's interests.