Agency
When a seller's agent learns that the buyer is willing to pay significantly more than the offering price, the agent should:
ADisclose this information to the seller immediately✓ Correct
BKeep this information confidential per the buyer's interests
CImmediately withdraw from the transaction
DReport the information to the LREC
Explanation
A seller's agent owes fiduciary duties to the seller, including the duty to disclose information that could affect the seller's negotiating position, such as the buyer's willingness to pay more.
Related Louisiana Agency Questions
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