A seller's agent learns that a comparable property nearby recently sold for significantly below the seller client's asking price after a deal collapsed. The seller has not yet asked about recent comparable sales. What is the agent's obligation regarding this information?
Correct Answer
B) Disclose the information to the seller promptly, as it is a material fact relevant to pricing decisions
A seller's agent in New York owes the seller-client a fiduciary duty of full disclosure of all material facts, including comparable sales data that affects pricing strategy. The agent must promptly share this information without waiting for the seller to ask.
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