Agency
What is the 'duty of confidentiality' owed by a Pennsylvania agent to their client, and when does it end?
AThe duty ends when the transaction closes
BThe duty to protect the client's confidential information continues after the agency relationship ends; information shared in confidence cannot be disclosed without the client's consent✓ Correct
CThe duty ends when the agency agreement expires, freeing the agent to disclose all information
DConfidentiality applies only while the agent is actively marketing the property
Explanation
The fiduciary duty of confidentiality survives the end of the agency relationship. A Pennsylvania licensee who represented a seller cannot later reveal that seller's confidential motivations, financial pressures, or negotiating limits to a buyer — even after the transaction closes or the agency agreement expires. This ongoing duty protects clients and encourages full disclosure to their agents. It does not prevent disclosure of defects that the agent has a legal duty to disclose.
Related Pennsylvania Agency Questions
- A Pennsylvania buyer's agent who learns their buyer is willing to pay significantly more than the asking price must:
- A Pennsylvania seller's agent who learns that the prospective buyer is emotionally attached to the property and will pay any price should:
- The termination of an agency relationship in Pennsylvania can occur by:
- A seller's agent learns that their client is in financial distress and must sell quickly. What must the agent do with this information when the buyer asks?
- In Pennsylvania, 'transaction licensee' status means the licensee:
- The fiduciary duty of 'loyalty' in a buyer agency relationship requires the agent to:
- A seller's agent who learns that the seller is willing to accept $20,000 below the listing price should:
- Which of the following is an example of an agent's duty of 'reasonable care and diligence'?
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