Broker Johnson represents seller Martinez in the sale of a commercial property. During negotiations, the buyer's agent asks Johnson if Martinez would accept $50,000 less than the listed price. Johnson knows Martinez is facing foreclosure and desperately needs to sell quickly. What should Johnson do?
Correct Answer
C) Suggest the buyer make an offer and let Martinez respond
As a single agent, Johnson must maintain client confidentiality and cannot disclose confidential information about Martinez's financial situation. Suggesting the buyer make an offer allows Martinez to make his own decision. Option A violates confidentiality duties. Option B is unnecessarily uncooperative. Option D hints at confidential information.
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