Agency (alternative)
A Maryland listing agent who learns the seller's minimum acceptable price must:
ADisclose it to interested buyers upon request
BKeep it confidential as a fiduciary duty to the seller✓ Correct
CShare it with the broker only
DInclude it in the MLS listing
Explanation
The seller's minimum acceptable price (motivation) is confidential information. As the seller's agent, the listing agent has a fiduciary duty not to disclose it without the seller's permission.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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