A listing agent learns the seller would accept much less than the asking price but does not reveal that number to the buyer without permission. Which fiduciary duty is being followed?
Correct Answer
D) Confidentiality
Confidentiality is correct because the facts match the fiduciary duty to protect the client's confidential information, even after the agency relationship ends in many situations. That is the best description of the relationship, right, or legal concept tested here.
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The buyer's agent learns that the seller is willing to accept less than list price and promptly tells the buyer. Which fiduciary duty is involved?
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An agent learns that a competing offer is coming in and immediately alerts the client so the client can adjust strategy. Which fiduciary duty does this action fulfill?