Agency
A Connecticut listing agent learns that the seller is going through a divorce and must sell quickly at any price. The agent shows the property to a buyer client. The agent must:
ADisclose the seller's urgency to the buyer because it is a material fact about the property
BKeep the seller's financial situation confidential and not disclose it to the buyer✓ Correct
CEncourage the buyer to offer far below market value to take advantage of the situation
DWithdraw from the listing to avoid a conflict of interest
Explanation
A listing agent owes fiduciary duties to the seller, including confidentiality. The seller's personal financial situation and motivation to sell quickly are confidential information that must not be shared with the buyer.
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