Agency
The duty of 'confidentiality' in a California agency relationship requires the agent to:
AKeep the transaction secret from the public until closing
BNot disclose the principal's confidential information to adverse parties without authorization, even after the agency ends✓ Correct
CRefuse to provide a buyer with any information about the property
DKeep the listing price confidential from other brokers
Explanation
Confidentiality requires agents to protect their principal's private information (e.g., motivation to sell, financial circumstances, minimum acceptable price) from adverse parties. Under California law, this duty survives the termination of the agency relationship.
Related California Agency Questions
- A buyer's agent has a duty of disclosure. Which of the following must the buyer's agent disclose to the buyer?
- If a salesperson's broker is found to have violated DRE regulations, who bears the ultimate legal and supervisory responsibility?
- A listing agent discovers that the home has a leaky basement that the seller did not mention. Under California law, the agent must:
- An agent who secretly purchases a listing from their own seller without disclosure has violated which fiduciary duty?
- Which of the following best describes an 'exclusive right to sell' listing in terms of agency?
- An agent who represents only the seller is obligated to disclose to the buyer which of the following?
- The duty of 'accounting' in a fiduciary relationship requires an agent to:
- Subagency in real estate refers to:
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