Agency
A seller's agent who knows the seller is facing foreclosure and must sell quickly should:
AA. Disclose the seller's urgency to all buyers to facilitate a sale
BB. Keep this information confidential as it affects the seller's negotiating position✓ Correct
CC. Reduce the listing price immediately without the seller's consent
DD. Terminate the listing to avoid liability
Explanation
A seller's financial distress and urgency to sell are confidential information the listing agent must protect. Disclosing it would weaken the seller's negotiating position. The agent must maintain confidentiality of information that could be used against the client.
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