Agency
When a seller's agent learns that the buyer's lender has pre-approved the buyer for significantly more than the offer price, the agent should:
ADisclose this to the seller to strengthen negotiation
BKeep this confidential if it was shared in confidence; disclose only material facts about the property✓ Correct
CReport it to the Indiana Real Estate Commission
DShare it immediately with both parties
Explanation
The buyer's financing capacity is confidential information. A seller's agent must disclose material facts about the property but should not improperly disclose the buyer's confidential financial information.
Related Indiana Agency Questions
- A listing agreement creates which type of agency relationship?
- In Indiana, when must a licensee provide agency disclosure to a prospective buyer or seller?
- A transaction broker (facilitator) in Indiana provides:
- In Indiana, subagency refers to:
- When an Indiana listing agent presents multiple offers to a seller, the agent's obligation is to:
- When must an Indiana licensee update their agency disclosure if the agency relationship changes (e.g., from single agent to dual agent)?
- Which clause in a listing agreement ensures the broker will be paid if the property sells to a buyer the broker introduced after the listing expires?
- The moment an Indiana buyer's agent begins sharing their client's personal financial situation with the seller is:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →