Agency
A New York seller's agent who discovers mid-transaction that the buyer has been misrepresenting their financial qualifications should:
AKeep it confidential to protect the transaction
BDisclose this material information to the seller promptly✓ Correct
CReport it to the DOS
DAdvise the buyer to correct the misrepresentation on their own
Explanation
Misrepresentation of the buyer's financial qualifications is a material fact that could affect the seller's decision to proceed. A seller's agent has a duty to disclose such information to the seller.
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