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General Principles Of AgencyFiduciary_dutiesMEDIUM

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.

Answer Options
A
Yes, because confidentiality often survives the termination of the agency relationship
B
No, because the information becomes public after the listing expires
C
No, because all duties end at termination
D
Yes, but only if the seller files a court order

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Related Topics & Key Terms

Key Terms:

fiduciary_dutiesagencyconfidentialitypost_termination
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