Article 1 of the Code of Ethics specifies that the obligation of fidelity:

The obligation of fidelity, as outlined in Article 1 of the Code of Ethics, emphasizes the importance of loyalty and a fiduciary duty toward clients. Selecting the option that states this obligation does not relieve the REALTOR® of the duty to treat all parties honestly captures the essence of this fidelity principle.

In practice, this means that while REALTORS® must be loyal to their clients, they should also conduct themselves with integrity and honesty in all interactions. This reinforces the idea that professionalism and ethical behavior extend beyond the interests of the REALTOR®’s client to include fairness and transparency with all parties involved in a transaction. The REALTOR®’s duty to uphold these ethical standards protects not only their clients but also the reputation of the real estate profession as a whole.

The other choices would imply limitations or exceptions to this obligation, which does not align with the overarching principles of fidelity and honest dealings as mandated by the Code. The focus on honesty towards all parties ensures a balanced and ethical real estate environment.