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.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
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.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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