Which of the following is NOT a fiduciary duty owed by a licensee to a principal?

The correct choice identifies a duty that is not traditionally classified as a fiduciary duty owed by a licensee to a principal. In real estate, fiduciary duties form the fundamental responsibilities that a licensee must uphold in their relationship with their clients, known as principals. These duties typically include care, disclosure, and loyalty.

The duty of care entails the licensee's responsibility to act with competence and diligence, ensuring that they perform their tasks with the skill and attention to detail that a reasonable professional would demonstrate in similar circumstances. This reinforces the importance of providing thoughtful and informed service when handling the principal's affairs.

The duty of disclosure involves keeping the principal informed about relevant information that could affect their interests. This includes informing them about market conditions, pertinent risks, and any other factors that should be considered in making informed decisions.

Loyalty reflects the licensee's commitment to the best interests of the principal, ensuring that all actions taken prioritize the principal’s needs over personal gain or the interests of others.

On the other hand, while the concept of compliance is important in a broader context — such as adherence to laws and regulations governing real estate transactions — it is not classified as a fiduciary duty. Compliance is a more general requirement that applies to all licensed professionals