Agency
In South Dakota, a seller's agent who learns that the seller is in financial distress and must sell quickly should:
ADisclose the seller's financial situation to all potential buyers to generate faster offers
BKeep this information confidential as it is a material fact about the seller, not the property✓ Correct
CReport the seller's situation to the Real Estate Commission
DDisclose only to buyers who ask directly
Explanation
A seller's agent owes the duty of confidentiality to the seller client. Information about the seller's motivation or financial situation is confidential and should not be disclosed to buyers, as doing so could harm the seller's negotiating position.
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