Agency
A Georgia listing agent who is aware that the seller is in financial distress and needs to sell quickly owes the buyer:
AThe duty to disclose the seller's financial situation
BNo duty to disclose the seller's personal financial situation — this is confidential seller information✓ Correct
CThe duty to lower the asking price
DThe duty to find the buyer a better property
Explanation
The seller's financial distress is confidential information that the listing agent must protect. The agent should not share this information with buyers, even though it might affect negotiation strategy.
Related Georgia Agency Questions
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