Under Maine agency law, how long does a licensee's duty of confidentiality to a former client last?
Correct Answer
B) Indefinitely, even after the agency relationship has ended
In Maine, the duty of confidentiality survives the termination of the agency relationship and continues indefinitely. Under Maine real estate law, a licensee may never disclose confidential information learned during the agency relationship, even after the relationship has ended. This includes information such as a client's motivation to sell, financial situation, or any other information the client would not want disclosed to third parties.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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