A Vermont buyer's agent discovers that the buyer has poor credit. The agent should:
Correct Answer
B) Keep this confidential under the duty of confidentiality
A buyer's agent owes a duty of confidentiality. The buyer's credit history is confidential information that must not be disclosed to the seller or seller's agent without the buyer's consent.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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