Agency
A seller tells their agent that they are going through a divorce and must sell quickly. The agent should:
ADisclose this information to all potential buyers to generate urgency
BKeep this information confidential as it relates to the seller's personal motivation✓ Correct
CReport this to the LREC
DRecommend a lower list price and disclose the reason to buyers
Explanation
The agent owes the seller the fiduciary duty of confidentiality. Personal motivations such as a divorce or urgent need to sell must be kept confidential and not disclosed to potential buyers.
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