In British Columbia, if a buyer's agent learns that their client has a bankruptcy in their credit history that could affect financing, and the same agent is also representing the seller under multiple representation, what should the agent do?
Correct Answer
B) Keep the information confidential from the seller
Even in multiple representation, agents must maintain confidentiality of each client's personal and financial information unless specifically authorized to disclose it. The buyer's credit history and bankruptcy information must remain confidential from the seller, as this could materially affect negotiations.
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In British Columbia, a buyer's agent discovers that their client's offer was accepted, but the seller's agent failed to disclose a material latent defect known to the seller. What is the most appropriate immediate action?
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