Agency

An Oregon buyer makes an offer on a property. The seller's agent tells the buyer 'the seller will take $15,000 less than asking price.' The agent has:

AProperly helped the buyer get a good deal
BBreached the duty of confidentiality owed to the seller client✓ Correct
CFulfilled the duty of disclosure owed to the buyer
DActed in the best interest of all parties

Explanation

A seller's agent owes the seller the duty of confidentiality, which includes not revealing the seller's minimum acceptable price or motivation to sell unless authorized by the seller. Disclosing this information to the buyer is a breach of fiduciary duty to the seller.

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