Agency
In Colorado, the 'duty of confidentiality' owed by a buyer's agent means:
AA. The agent cannot disclose any information about the buyer to anyone
BB. The agent must keep confidential the buyer's motivations, financial capacity, and negotiating position, but not material facts about the property
CC. The agent cannot tell the seller how much the buyer is willing to pay or why they want the property
DD. Both B and C✓ Correct
Explanation
A buyer's agent owes the buyer confidentiality regarding information that could weaken the buyer's negotiating position: their maximum willingness to pay, financial situation, personal motivations, and urgency. This information must not be disclosed to the seller or listing broker. However, material facts about the property cannot be withheld from the buyer.
Related Colorado Agency Questions
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