Under Maine's Real Estate Brokerage Act, a designated agent assigned to represent a buyer in a designated agency transaction owes that buyer several duties. Which of the following is NOT a duty owed by a designated buyer's agent to their client?
Correct Answer
C) Sharing the seller's confidential motivation for selling with the buyer
A designated buyer's agent does NOT have the right or duty to share the seller's confidential information with the buyer. In a designated agency arrangement under Maine law, the designated seller's agent holds the seller's confidences, and those are not accessible to the designated buyer's agent. The firewall between designated agents is a key feature of Maine's designated agency framework — each agent may only access and use their own client's confidential information.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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