Agency
Under Michigan law, an agent's duty of confidentiality regarding a client's motivation to sell:
AEnds when the transaction closes
BContinues even after the agency relationship terminates✓ Correct
COnly applies during active listing
DDoes not exist under Michigan law
Explanation
The duty of confidentiality regarding information shared by a client (such as motivation, financial circumstances, or bottom-line price) survives the termination of the agency relationship in Michigan.
Related Michigan Agency Questions
- In Michigan, a buyer's agent who learns the buyer is willing to pay significantly more than the offered price must:
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- When does a buyer's agency agreement typically terminate in Michigan?
- A Michigan buyer's agent who knows that the seller is in financial distress should:
- A Michigan designated agency arrangement means:
- In Michigan, an agent has a duty to 'account' for all funds and property, meaning:
- A Michigan buyer's agent who learns their client has financing already approved and must buy immediately should:
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