Agency
A Maine real estate agent representing a seller accidentally discloses the seller's financial urgency to the buyer. This is a breach of:
ADuty of disclosure
BDuty of confidentiality✓ Correct
CDuty of loyalty
DDuty of obedience
Explanation
The duty of confidentiality requires agents not to disclose client information that could harm the client's negotiating position, such as financial urgency.
Related Maine Agency Questions
- A Maine buyer's agent who negotiates aggressively on behalf of their buyer-client is fulfilling the duty of:
- Under Maine law, when must a licensee provide the 'Understanding Agency' disclosure form to a buyer?
- In Maine, which document must be provided to a consumer at the first substantive contact in a real estate transaction?
- In Maine, a transaction broker:
- Under Maine law, a seller's agent must disclose to the seller:
- The fiduciary duty of 'accounting' in a Maine agency relationship requires the agent to:
- An agency agreement in Maine is terminated by all of the following EXCEPT:
- In Maine, what is a 'designated agent'?
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