Agency
A Tennessee licensee is showing a buyer a property and the buyer tells the agent they are willing to pay up to $350,000 but wants to offer $320,000. This information is:
ANot relevant to the agency relationship
BConfidential information the buyer's agent must not disclose to the seller✓ Correct
CRequired to be disclosed to the seller as a material fact
DAutomatically shared with the seller under Tennessee dual agency rules
Explanation
The buyer's maximum willingness to pay is confidential information that the buyer's agent must protect and never disclose to the seller. Disclosing this would be a serious breach of the buyer's agent's fiduciary duty of confidentiality.
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