Agency
A seller's agent accidentally learns that the buyer is willing to pay significantly more than the offered price. What should the agent do?
AKeep this information confidential since they learned it accidentally
BImmediately disclose this information to the seller, as it is material to the transaction✓ Correct
CTell the buyer to keep quiet about their maximum price
DIgnore the information since it was not deliberately shared
Explanation
A seller's agent owes the duty of disclosure to the seller. If the agent learns material information — even accidentally — about the buyer's willingness to pay more, the agent must disclose it to the seller. This directly benefits the seller's negotiating position.
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