Agency
When a South Dakota buyer's agent calls the listing agent for information about the seller's motivation to sell, the listing agent should:
AShare all information to facilitate the transaction
BDisclose that the seller needs to sell quickly due to a job transfer
CDecline to share confidential seller information that could harm the seller's negotiating position✓ Correct
DRefer the buyer's agent to the seller directly
Explanation
A listing agent owes the seller confidentiality regarding motivations, financial pressures, and other information that could weaken the seller's negotiating position, even when speaking with the buyer's agent.
Related South Dakota Agency Questions
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- An agent who reveals a buyer's maximum price to the seller without authorization has violated which fiduciary duty?
- In South Dakota, an agent who helps a buyer negotiate a purchase and also refers the buyer to a specific mortgage lender without disclosing that they will receive a referral fee has violated their duty of:
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- Which of the following is a fiduciary duty owed by a South Dakota seller's agent to their client?
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