Agency
A Rhode Island buyer's agent who learns that the property has been on the market for an unusually long time and has had several price reductions should:
AKeep this information confidential to avoid offending the seller
BDisclose this information to the buyer as it is relevant to negotiating strategy✓ Correct
CReport the information to the DoBR as a sign of seller fraud
DAdvise the buyer not to make an offer on an overpriced property
Explanation
A buyer's agent owes full disclosure to the buyer of all relevant facts. The property's days on market and price reduction history are material facts that could affect the buyer's offer price and negotiating strategy.
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