EstatePass
AgencyConfidentialityHARD

Information about the lowest price a seller will accept is:

Correct Answer

B) Confidential and protected even after the listing expires

Under New Mexico agency law, a seller's minimum acceptable price is confidential information obtained through the agency relationship. This confidentiality obligation survives the expiration or termination of the listing agreement β€” a licensee may not disclose the seller's bottom-line price to any other party, even after the listing ends.

Answer Options
A
Public information available to any buyer
B
Confidential and protected even after the listing expires
C
Required to be disclosed on the MLS listing
D
Routinely shared with buyer's agents upon request

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Agency Question

Sign up free to unlock full analysis

Background Knowledge for Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

post-termination

Key Terms:

confidentialityforever
Was this explanation helpful?

More Agency Questions

People Also Study

Agency Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing