Agent Carlos is a Wyoming salesperson working under Principal Broker Thompson. Carlos is showing properties to buyer client Rosa. During a showing, Rosa confides that she is going through a difficult divorce and must purchase a home quickly at any price. Later that week, Rosa makes an offer on a property listed by another agent in Thompson's brokerage. Which of the following correctly describes Carlos's obligation regarding Rosa's confidential information?
Correct Answer
C) Carlos must maintain Rosa's confidentiality and may not share her personal situation or motivation with the listing agent or the seller, even within the same brokerage
Under Wyoming's in-house agency framework (W.S. 33-28-301 et seq.), when a brokerage designates separate agents to represent the buyer and seller in the same transaction, each designated agent owes full fiduciary duties — including confidentiality — exclusively to their own client. Carlos, as Rosa's designated buyer's agent, is obligated to protect Rosa's confidential information and may not share her personal circumstances or negotiating motivation with the listing agent or the seller, regardless of the fact that they work within the same brokerage.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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