Agency
A Maine buyer tells their agent they would be willing to pay up to $350,000 for a home listed at $335,000. The buyer's agent should:
ATell the listing agent the buyer's maximum to help close the deal
BKeep the buyer's maximum price confidential and help the buyer offer a lower price✓ Correct
CSubmit the offer at $350,000 to guarantee acceptance
DReport this information to the MREC
Explanation
The buyer's maximum price is confidential information protected by the buyer's agent's duty of loyalty. Disclosing it to the listing agent would harm the buyer's negotiating position.
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