Agency
In Minnesota, which of the following describes the 'duty of confidentiality' in an agency relationship?
AThe agent must keep all transaction details secret forever
BThe agent must not disclose the client's confidential information without consent, even after the agency ends✓ Correct
CThe agent can disclose confidential information after closing
DConfidentiality only applies during active negotiations
Explanation
The duty of confidentiality in Minnesota agency relationships requires agents to protect client confidential information both during and after the agency relationship ends. This includes the client's financial situation, motivations, and negotiating position. Only information required by law to be disclosed overrides this duty.
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