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AgencyConfidentialityMEDIUM

A South Dakota buyer's agent learns that the buyer has a bankruptcy in their past. The agent should:

Correct Answer

B) Keep this information confidential

A buyer's agent owes a duty of confidentiality to their client. Financial information such as bankruptcy history is confidential and should not be disclosed to the other party without the client's permission.

Answer Options
A
Disclose this to the seller immediately
B
Keep this information confidential
C
Report it to the Real Estate Commission
D
Terminate the agency relationship

Why This Is the Correct Answer

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Related Topics & Key Terms

Related Topics:

confidentiality-vs-disclosurefiduciary-dutiesclient-financial-informationpost-agency-obligations

Key Terms:

confidentialitybuyer's agentfinancial informationbankruptcynegotiating position
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