Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Ch1-2 Fiduciary Duty

Fiduciary Duty defintions

TermDefinition
Care A licensee must use their skill and expertise to the advantage of their principal.
Loyalty Requires an agent to place the interests of their principal above all others, including the agent's own.
Accounting Able to account for all funds received from or on behalf of the principal.
Commingling The misdeposit of trust funds into any account that is not a designated trust fund.
Conversion The misuse of trust funds by converting the funds of the client to personal use.
Obedience Requires agents to act in good faith, at all times, according to the instructions and wishes of the principal, within legal limits.
Disclosure Requires the agent to keep the principal informed of all material facts that the agent knows or should know that might impact the principal's choosing of a particular course of action, regardless of being favorable or unfavorable.
Fiduciary Involving trust, especially with regard to the relationship between a trustee and a beneficiary.
Created by: userjoe
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards