Agency
An Iowa licensee who is representing a buyer asks the seller's agent 'What is the lowest price your seller will accept?' The seller's agent:
AMust answer honestly as they owe truthfulness to all parties
BShould refuse to disclose this confidential information as it would breach their fiduciary duty to the seller✓ Correct
CMay share the information only if the buyer's agent agrees not to negotiate below that price
DMust report the question to the IREC as an ethics violation
Explanation
A seller's agent owes fiduciary duties of confidentiality and loyalty to the seller. The seller's minimum acceptable price is confidential information that the agent must protect.
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