A buyer tells the buyer's agent that the buyer must close within 45 days because of a lease expiration. The buyer's agent shares this timeline with the listing agent to explain the urgency. Has the buyer's agent violated any duty?
Correct Answer
D) Yes, because all client information is confidential, including motivation and timeline
A buyer's motivation and urgency to close are confidential information. Sharing them could weaken the buyer's negotiating position.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
More General Principles Of Agency Questions
A listing agreement creates an agency relationship between:
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