Agency
A Mississippi seller's agent learns that the seller is facing foreclosure and must sell quickly. The agent should:
AAdvertise the seller's distress to attract more buyers
BKeep this information confidential, as the seller's financial situation is protected client information✓ Correct
CDisclose the situation to the buyer's agent as a professional courtesy
DLower the price immediately without consulting the seller
Explanation
The seller's financial distress is confidential information that could weaken the seller's negotiating position. The agent's fiduciary duty of confidentiality requires keeping this information private.
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