Licensee Greg is working with seller Patricia to list her Lansing home. During the listing presentation, Patricia tells Greg that she is going through a divorce and must sell quickly, and that she will accept any offer above $180,000 even though the list price is $215,000. A buyer later contacts Greg's brokerage without a buyer's agent. Greg's broker agrees to represent both Patricia and the buyer as a dual agent with written consent from both parties. What information may Greg share with the buyer in his role as dual agent?
Correct Answer
C) Publicly available information about the property's condition and neighborhood comparables
As a dual agent, Greg must maintain confidentiality of each party's negotiating position and personal circumstances. He may only share information that is publicly available or that the disclosing party has authorized him to share. Publicly available property information and neighborhood comparables are appropriate to share. Confidential information such as the seller's minimum price, personal reasons for selling, or urgency must not be disclosed.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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