Agency
A buyer's agent who learns their client has been pre-approved for $350,000 but is making an offer of $290,000 should:
ADisclose the pre-approval amount to the seller's agent to help close the deal
BKeep the pre-approval amount confidential as it is the buyer's privileged information✓ Correct
CInclude the pre-approval letter showing $350,000 in the offer
DNegotiate the offer down to $270,000 to benefit the buyer
Explanation
The buyer's agent owes the duty of confidentiality. The buyer's true financial capacity is privileged information that must not be disclosed to the seller, as it would weaken the buyer's negotiating position.
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