Contracts
A Mississippi seller tells their agent, 'I'll accept $195,000 but I'm listed at $210,000.' The agent shows the property to a buyer who offers $200,000. The agent must:
ATell the buyer that $195,000 is acceptable since that's the seller's bottom line
BKeep the seller's bottom line confidential and present the $200,000 offer to the seller without disclosing the seller's minimum✓ Correct
CAdvise the buyer to offer $195,001 to save money
DReject the offer and tell the buyer the price is non-negotiable
Explanation
The seller's minimum acceptable price is confidential information protected by the agent's fiduciary duty of confidentiality. The agent must keep this information private. Disclosing the seller's bottom line to the buyer would be a serious breach of fiduciary duty, costing the seller negotiating position.
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