Agency
In New York, if a seller's agent discovers that the buyer is planning to demolish the property immediately after closing, should the agent disclose this to the seller?
ANo; the buyer's intentions are confidential
BYes; it may be material information affecting the seller's decision✓ Correct
COnly if the seller specifically asks
DNo; the agent's only duty is to get the highest price
Explanation
A seller's agent has a duty to disclose all material facts. If the buyer's intended use could affect the seller's willingness to sell or the price, it may be material information that the agent should disclose or at least bring to the seller's attention.
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