Agency
A Colorado broker working as a transaction broker receives confidential information from the buyer about their maximum purchase price. The broker may:
ADisclose it to the seller since the transaction broker serves both parties
BUse it to help the seller negotiate a higher price
CNot disclose it to the seller as transaction brokers must keep certain information confidential✓ Correct
DDisclose it only if the seller directly asks
Explanation
Even as a transaction broker (not a full agent), the broker is still obligated not to disclose confidential information such as the buyer's maximum price or motivation. Transaction brokers owe a limited duty of confidentiality regarding information that could harm either party's negotiating position.
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