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Ga Agency BrretaAgency_disclosures_and_written_engagementsMEDIUM

Broker Angela has separate written agreements to represent both the buyer and seller in the same transaction as a dual agent. During negotiations, the seller asks Angela what the buyer's highest acceptable price might be. How should Angela respond?

Correct Answer

B) Decline to answer as this would breach confidentiality to the buyer

Even in dual agency, BRRETA prohibits disclosure of confidential information about one client to another without written permission. Angela must maintain confidentiality for both parties. Option A is incorrect as dual agency doesn't eliminate confidentiality obligations. Option C is not required by law but would be acceptable. Option D doesn't address the confidentiality issue.

Answer Options
A
Provide the information since she represents both parties
B
Decline to answer as this would breach confidentiality to the buyer
C
Answer only if the buyer has given written permission
D
Provide general market guidance instead of specific information

Why This Is the Correct Answer

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Why the Other Options Are Wrong

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Background Knowledge for Ga Agency Brreta

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Related Topics & Key Terms

Key Terms:

dual_agencyconfidentialitynegotiations

Related Concepts

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.

In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.

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