Agency
A Minnesota listing agent has a property listed at $325,000. The seller tells the agent they would accept $305,000. Under the agent's fiduciary duty, this information:
AShould be disclosed to buyers since it is a material fact
BMust be kept confidential and not disclosed to buyers or other parties✓ Correct
CCan be shared with the buyer's agent as a professional courtesy
DShould be disclosed in the MLS listing
Explanation
The seller's lowest acceptable price is confidential information protected by the listing agent's fiduciary duty of confidentiality to their client. Disclosing this information to buyers or their agents would harm the seller's negotiating position and violate the agent's duty of loyalty.
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