A buyer's agent knows the buyer is willing to pay $20,000 above list price but the seller has not asked. What should the buyer's agent do with this information?
Correct Answer
B) Keep it confidential as part of the buyer's negotiating strategy
The buyer's willingness to pay more is confidential negotiating information that the buyer's agent must protect under the duty of confidentiality.
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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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A listing agreement creates an agency relationship between:
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