Agency
Which of the following BEST describes the duty of confidentiality in an agency relationship?
AThe agent must keep all information about the transaction secret from other agents
BThe agent must not disclose the principal's personal or financial information that could weaken their bargaining position✓ Correct
CThe agent cannot share the property listing with the MLS
DThe agent must keep the buyer's identity confidential from the seller
Explanation
The duty of confidentiality requires the agent not to disclose information that could harm the client's negotiating position, such as the client's motivation to sell quickly, financial limitations, or maximum price they would accept.
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