Which duty is not part of the OLDCAR acronym?

Study for the Aceable Agent Finance Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

Which duty is not part of the OLDCAR acronym?

Explanation:
OLDCAR lists the duties agents owe to clients: Obedience to lawful instructions, Loyalty to the client, Disclosure of known material facts, Confidentiality, Accounting for funds, and Reasonable Care in handling matters. Integrity, while essential to ethical practice, is not one of the explicit letters in OLDCAR. So the duty not part of the acronym is Integrity.

OLDCAR lists the duties agents owe to clients: Obedience to lawful instructions, Loyalty to the client, Disclosure of known material facts, Confidentiality, Accounting for funds, and Reasonable Care in handling matters. Integrity, while essential to ethical practice, is not one of the explicit letters in OLDCAR. So the duty not part of the acronym is Integrity.

More practice questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy