Agency
A Pennsylvania buyer's agent owes the buyer all of the following fiduciary duties EXCEPT:
ALoyalty to the buyer's best interests
BConfidentiality of the buyer's personal and financial information
CDisclosure of the seller's confidential bottom-line acceptable price✓ Correct
DReasonable care and diligence in performing agency duties
Explanation
A buyer's agent owes fiduciary duties of loyalty, confidentiality, disclosure of material facts about the property, obedience, and reasonable care. However, the duty of disclosure applies to material facts affecting the property — not the seller's confidential negotiating position. The seller's bottom-line acceptable price is confidential information that neither the listing agent nor seller must share. A buyer's agent who obtains such information through improper means cannot use it.
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