In a dual agency with designated sales associates, the buyer's agent learns the seller is facing foreclosure and needs to close quickly. The seller's agent doesn't know this information. What should the buyer's agent do?
Correct Answer
D) Keep the information confidential and continue normal representation
The buyer's agent should advise their client to make strategic decisions based on available information while maintaining confidentiality. Sharing with the seller's agent would breach confidentiality to the seller. The broker cannot share confidential information between parties. Simply keeping it confidential without advising the client would not fulfill the duty of loyalty to the buyer.
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