Under RCW 18.86, which of the following pieces of information is a seller's agent generally NOT required to disclose to a prospective buyer?
Correct Answer
D) The seller's minimum acceptable purchase price
Under RCW 18.86.040(1)(c), the seller's agent owes the seller a duty of confidentiality, which specifically protects the seller's negotiating position, including the minimum price the seller will accept. This information is confidential client information and is not subject to the mandatory disclosure requirement for material facts under RCW 18.86.040(2). A seller's agent may not disclose the seller's bottom line to buyers without the seller's consent.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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.
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