Agency
A buyer's agent who learns their client's maximum budget is $400,000 but the buyer told the seller they are limited to $350,000 must:
ATell the seller the buyer's true maximum to be honest with all parties
BMaintain the buyer's confidentiality and not disclose the true budget to the seller✓ Correct
CRefuse to continue representing the buyer
DReport the buyer's misrepresentation to NCREC
Explanation
The duty of confidentiality requires a buyer's agent to protect the client's negotiating information. The buyer's true maximum budget is confidential client information that the agent must not disclose to the seller or seller's agent.
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