Agency
A Kentucky agent shows a listed property to a buyer and accepts an offer. During negotiations, the agent learns that the seller is desperate to sell and will accept far less than asking price. The agent should:
ATell the buyer the seller will accept less to get the deal done quickly
BKeep this confidential from the buyer as it is the seller's client information✓ Correct
CDisclose the seller's motivation to ensure fairness to the buyer
DWithdraw from the transaction to avoid the conflict
Explanation
The seller's desperation and willingness to accept a lower price is confidential information belonging to the listing agent's client (the seller). Disclosing this to the buyer would breach the agent's fiduciary duty of confidentiality to the seller.
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