Agency
In Tennessee, a listing broker who learns that a buyer is willing to pay much more than the asking price should:
AAdvise the seller to raise the asking price immediately
BKeep this information confidential as it relates to the buyer client's position✓ Correct
CDisclose this to the seller as material information
DReduce the listing price to encourage a quick sale
Explanation
If the buyer is the agent's client, the buyer's willingness to pay more is confidential information that must be protected. A buyer's agent must not disclose the buyer's maximum willingness to pay.
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