After the listing expires, the former listing agent is asked by a prospective buyer about the seller's lowest acceptable price. Must the former agent keep that information confidential?
Correct Answer
A) Yes, because confidentiality often survives the termination of the agency relationship
Confidentiality often survives termination of the agency relationship. A former agent generally may not reveal the client's confidential information even after the listing ends.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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.
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