Agency
What is 'confidentiality' as a fiduciary duty and what information must a Hawaii agent keep confidential?
AA. Agents must keep all property information confidential from all parties
BB. Agents must protect the principal's confidences including motivation, price limits, financial situation, and personal circumstances that could disadvantage them in negotiations✓ Correct
CC. Confidentiality only applies to personal financial information shared during the loan application
DD. The duty of confidentiality ends when the transaction closes
Explanation
Confidentiality requires protecting information the principal has shared in trust. For a seller's agent, this means not revealing: the seller's minimum acceptable price, urgency to sell, financial difficulties, or other information that would disadvantage the seller. The duty survives closing—an agent cannot disclose confidential information after the transaction ends.
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