Agency
A buyer's agent has a duty to maintain confidentiality about the buyer's motivations and financial position. Which of the following CAN the agent reveal to the seller?
AThe maximum price the buyer is willing to pay
BThat the buyer is highly motivated to purchase quickly
CThat the buyer is pre-approved for financing✓ Correct
DThe buyer's personal financial problems
Explanation
Pre-approval status is not confidential and can be shared as it benefits the transaction. However, the buyer's maximum price, motivation level, and personal financial problems are confidential information the buyer's agent must protect.
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