Agency
A Connecticut buyer client tells their buyer's agent that they are willing to pay up to $550,000 for a property but want to start negotiating at $510,000. The agent:
AShould disclose the $550,000 ceiling to the seller to facilitate the transaction
BMust keep the buyer's maximum price confidential✓ Correct
CMay share the information in dual agency with the seller's permission
DShould always submit the buyer's best offer first
Explanation
The buyer's maximum price ($550,000) is confidential information that must not be shared with the seller or the seller's agent. Disclosing it would breach the agent's duty of confidentiality and loyalty to the buyer and would weaken the buyer's negotiating position.
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