Agency
A Florida buyer's agent discovers that the seller's listing price is based on an inflated appraisal. The buyer's agent should:
AKeep the information confidential to avoid disrupting the transaction
BAdvise the buyer of this information since it is material to the buyer's decision✓ Correct
CReport the appraiser to the appraisal board
DAdvise the buyer to offer the inflated price since the listing is priced at market
Explanation
A buyer's agent owes fiduciary duties to the buyer, including full disclosure of material facts. Information that the listing price may be inflated or based on an inaccurate appraisal is material to the buyer's decision-making.
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