Agency
The duty of 'confidentiality' owed by a Florida single agent requires the agent to:
AKeep all information about the property secret from buyers
BNot disclose the principal's motivation or personal information that could weaken their negotiating position✓ Correct
CRefuse to answer any questions from the other party
DKeep the listing price confidential from the seller
Explanation
A single agent's confidentiality duty requires protecting the principal's personal information and motivations (e.g.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Math Concepts
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