Which of the following is NOT a fiduciary obligation of an agent?

The reason the correct answer is that the principal's obligation to pay the agent is not a fiduciary obligation of the agent. Fiduciary duties focus on the responsibilities agents have towards their principals, which include loyalty, care, and full disclosure. While the principal has an obligation to compensate the agent for services rendered, this payment is more about the contractual relationship rather than a fiduciary responsibility.

In contrast, the first three choices reflect the core fiduciary obligations an agent has. An agent must use reasonable skill and care in selling the property to ensure they are acting competently in the principal's best interests. They must also disclose all material facts to maintain transparency and trust, even if the principal prefers otherwise. Additionally, loyalty is a fundamental pillar of the fiduciary relationship, where an agent must always prioritize the principal's interests above their own. Thus, while compensation is important in the overall business relationship, it does not fall under the category of fiduciary obligations which strictly govern the conduct and responsibilities of the agent towards the principal.