When it comes to the obligations owed to a client versus obligations owed to a customer in a real estate transaction, there are substantial differences. It's the responsibility of the salesperson to know and explain them to potential clients and customers.

Which of the following accurately describes your obligations toward clients and customers?

Options:

1. As a salesperson, I owe fairness and honesty to my clients, but I am not under the same obligations toward my customers.
2. As a salesperson, I must obey my clients' lawful instructions, but I am not under the same obligation toward my customers.
3. As a salesperson, I must maintain confidentiality for both my clients and my customers.
4. As a salesperson, I must fully disclose all information to both my clients and my customers.