A buyer's agent in Utah learns confidential information about the buyer's maximum price willingness. The buyer's agent later enters a limited agency arrangement where the same brokerage also represents the seller. Can the agent share the buyer's maximum price with the seller?
Correct Answer
B) No, confidential information learned before the limited agency must remain confidential
Under Utah limited agency law, confidential information learned during a prior exclusive agency relationship must remain confidential even after the limited agency arrangement begins. The agent may not disclose the buyer's maximum price, motivation, or other strategic information to the seller.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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