A dual agent learns that the buyer will pay more than the listed price but tells the seller this information to help the seller negotiate a higher price. Which fiduciary duty to the buyer has the dual agent violated?
Correct Answer
D) Confidentiality
Confidentiality is correct because the dual agent disclosed the buyer's confidential negotiating position to the seller, violating the duty to protect confidential information.
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Quinn Brooks helps prepare offers and coordinates the deal but does not owe full fiduciary loyalty to either side. Instead, Quinn Brooks provides limited, neutral assistance. What role best describes Quinn Brooks?
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An agent who is also a licensed contractor buys a fixer-upper listed with the agent's own brokerage, intending to renovate and resell at a profit. The agent fully discloses the personal interest to the seller before making the offer. What has the agent done to address the conflict?