Agency
Fiduciary Duties (OLDCAR)
A concise definition for the California Real Estate Exam study guide.
Definition
Remember the fiduciary duties an agent owes the principal as OLDCAR: Obedience to lawful instructions, Loyalty to the principal, Disclosure of material facts, Confidentiality, Accountability for funds and property (accounting), and Reasonable care and diligence.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 2: Agency, Fiduciary Duties & Disclosure →