Agency
In South Dakota, the difference between 'material facts' and 'confidential information' in agency is:
AThere is no difference — all information is confidential
BMaterial facts affecting property value/condition must be disclosed to all; confidential information about client motivations is protected✓ Correct
CConfidential information must be disclosed to all parties while material facts are kept private
DThe SDREC determines which facts are material and which are confidential
Explanation
Agents must disclose material facts (defects, conditions affecting value or desirability) to all parties, while keeping confidential information about the client's motivations, financial position, and strategy private.
Related South Dakota Agency Questions
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