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AgencyConfidentialityEASY

Which information is a buyer's agent required to keep confidential from the seller?

Correct Answer

B) The buyer's financial situation and motivation to purchase

Under Idaho agency law, a buyer's agent owes fiduciary duties to the buyer, including confidentiality. The agent must not disclose the buyer's financial condition, motivation, or urgency to purchase to the seller or seller's agent, as this information could be used against the buyer in negotiations.

Answer Options
A
The listed price of the property
B
The buyer's financial situation and motivation to purchase
C
The square footage of the property
D
The general location preferences of the buyer

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Related Topics & Key Terms

Related Topics:

fiduciary dutiesbuyer agencyIdaho Brokerage Representation Actnegotiation strategy

Key Terms:

confidentialitybuyer's agentfiduciary dutymotivationfinancial condition
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