A seller tells their agent the lowest price they will accept for their property. After the listing agreement expires, this information is:
Correct Answer
B) Confidential and must be protected even after the listing expires
Under Iowa Code Chapter 543B, an agent's duty of confidentiality regarding material information obtained during the agency relationship — including the seller's minimum acceptable price — survives the termination or expiration of the listing agreement. Disclosing a seller's bottom-line price to a buyer or third party, even after the listing has expired, would be a breach of the agent's fiduciary duty of confidentiality and could subject the licensee to disciplinary action by the Iowa Real Estate Commission.
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A seller tells their agent the lowest price they will accept for their property. After the listing expires, this information is: