What is the only duty owed to a customer in real estate transactions?

In real estate transactions, the only duty owed to a customer is to act in good faith and deal fairly. This means that real estate professionals must provide accurate information and treat customers with honesty, ensuring that there is no misleading or deceptive conduct in their interactions.

Good faith and fair dealing create a foundation of trust and integrity in real estate dealings, enabling customers to rely on the information and services provided. While transparency and disclosure (as indicated in the first choice) are critical elements, they primarily pertain to the obligations owed to clients rather than customers. Customers, who are not formally represented, do not receive the same level of fiduciary responsibility from agents.

Regulatory compliance is essential in all business practices, including real estate, but it doesn't specifically describe a duty owed to a customer in the same manner as good faith and fair dealing. Lastly, maximizing profit from sales relates to the interests of real estate agents or brokers rather than a duty owed to customers. The primary focus should always be on fair treatment and good faith representations to maintain a professional and ethical real estate environment.