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AgencyLimited_agencyHARD

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.

Answer Options
A
Yes, in limited agency all information must be shared with both parties
B
No, confidential information learned before the limited agency must remain confidential
C
Yes, but only with the buyer's verbal consent
D
No, but the agent must withdraw from representing the buyer

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Related Topics & Key Terms

Related Topics:

limited agencyLimited Agency Consent Agreementconfidentiality dutybuyer's agencydual agency

Key Terms:

limited agencyconfidentialitybuyer's agentLimited Agency Consent Agreementmaximum pricedual agency
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