Agency
A Connecticut buyer's agent is showing homes to a buyer. The buyer confides they will pay up to $450,000 for a home listed at $420,000. The agent must:
ATell the seller's agent about the buyer's maximum price
BKeep this information confidential and not disclose it to the seller or their agent✓ Correct
CAsk the buyer to increase their offer immediately
DNotify the Connecticut Real Estate Commission
Explanation
The buyer's maximum price is confidential information that the buyer's agent must protect. Disclosing it to the seller's agent would breach the agent's fiduciary duty of confidentiality to the buyer.
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