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AgencyConfidentialityEASY

A seller tells their West Virginia agent, 'I must sell within 30 days because of a job transfer.' This information is:

Correct Answer

B) Confidential and should not be disclosed to buyers

The seller's motivation and urgency to sell is confidential information. Disclosing that the seller must sell quickly could weaken the seller's negotiating position, as buyers might submit lower offers knowing the seller is under time pressure.

Answer Options
A
Public information the agent should share freely
B
Confidential and should not be disclosed to buyers
C
Required to be disclosed on the MLS listing
D
Irrelevant to the transaction

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Related Topics & Key Terms

Related Topics:

negotiating-leverageseller-motivationpost-termination-confidentialityfinancial-information

Key Terms:

confidentialityseller motivationurgencynegotiating leveragenever reveal
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