Agency
In Rhode Island, a seller's agent who learns from the buyer that the buyer would accept the seller's counteroffer is obligated to:
AKeep this information confidential to protect the buyer
BDisclose this to the seller-client, as it is information relevant to the seller's decision-making and the agent owes loyalty to the seller✓ Correct
CIgnore it as the buyer had no agent
DReport it to the DBR
Explanation
A seller's agent who learns the buyer's negotiating position has a duty of disclosure to their seller-client. This information is relevant to the seller's decision about whether to accept or further counter, and the agent's loyalty is to the seller.
Related Rhode Island Agency Questions
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