An Alberta real estate associate working as a buyer's agent learns confidential information about the seller's motivation to sell quickly. What should the associate do?
Correct Answer
A) Share it with the buyer client under their fiduciary duty, unless obtained through a confidential relationship
A buyer's agent in Alberta owes fiduciary duties to their client, including the duty of full disclosure of material information. If the associate learns about the seller's motivation through legitimate means (not through a confidential relationship with the seller), they should share this information with their buyer client as it may benefit the buyer's negotiating position.
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