Agency
A Maryland seller's agent learns the seller will accept $10,000 below the list price. The agent is asked by the buyer's agent if the seller will negotiate. The listing agent should:
AConfirm the seller will take $10,000 less to facilitate the sale
BProtect the seller's confidential information and decline to disclose the seller's bottom line✓ Correct
CRefer the buyer's agent to the seller directly
DDisclose to avoid a dual agency situation
Explanation
Confidentiality about the client's negotiating position is a core fiduciary duty. A seller's agent must not reveal the seller's minimum acceptable price.
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