Agency
In Iowa, when a seller's agent shows the buyer a home and the buyer asks the agent what the seller will accept, the agent should:
ATell the buyer the seller's minimum acceptable price
BRefuse to negotiate and tell the buyer to hire their own agent
CTell the buyer that the agent represents the seller and cannot disclose the seller's confidential information✓ Correct
DGive a general range to be helpful
Explanation
A seller's agent owes confidentiality to the seller. Revealing the seller's minimum price would be a breach of the fiduciary duty of confidentiality. The agent must explain their role and the seller's confidential information is protected.
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