Agency
A Maryland buyer's agent who learns the buyer has been pre-approved for $500,000 but is offering $400,000 should:
ATell the seller's agent the buyer's maximum pre-approval amount
BKeep that information confidential — it belongs to the buyer client✓ Correct
CDisclose the amount to the listing agent as a material fact
DInclude the full pre-approval amount in the offer
Explanation
A buyer's agent owes confidentiality to the buyer. The buyer's maximum borrowing capacity is strategic information that should not be disclosed to the seller or their agent.
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