A South Dakota seller's agent is showing the property and the buyer asks, 'What is the lowest price the seller will accept?' The agent should respond by:
Correct Answer
B) Suggesting the buyer submit their best offer
The seller's minimum acceptable price is confidential. The seller's agent must not reveal this information and should encourage the buyer to submit their best offer. Disclosing the seller's bottom line would violate the duty of confidentiality.
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