Agency
A Maine buyer's agent who knows their buyer is willing to pay up to $300,000 must:
ADisclose the buyer's maximum price to the seller to ensure a fair transaction
BKeep the buyer's maximum price confidential✓ Correct
CReport the buyer's financial capacity to the MREC
DDisclose the information only if the seller asks
Explanation
The fiduciary duty of confidentiality requires a buyer's agent to protect the buyer's negotiating position. Disclosing the buyer's maximum price would harm the buyer and violates the agent's duty of loyalty.
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