Agency
A Maine buyer's agent is negotiating a purchase price on behalf of their buyer. The seller's agent reveals that the seller needs to close by a certain date. The buyer's agent should:
ADisregard the information as it came from the opposing agent
BUse the information ethically to help their buyer negotiate favorable terms✓ Correct
CImmediately share the information with their broker only
DReport the seller's agent to the MREC for the disclosure
Explanation
When the seller's agent voluntarily discloses seller motivation, the buyer's agent may ethically use this information (which is not confidential to the buyer's agent) to benefit their client's negotiating position.
Related Maine Agency Questions
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