Agency
A Washington broker acting as a buyer's agent learns the seller has priced the property significantly below market due to ignorance of recent sales. The buyer's agent should:
ATell the seller to raise the price to protect the seller's interests
BInform the seller of the pricing mistake in writing
CProceed on behalf of the buyer without disclosing the seller's pricing error✓ Correct
DReport the seller to the DOL for mispricing
Explanation
A buyer's agent owes fiduciary duties to the buyer, including loyalty. The buyer's agent is not obligated to inform the seller that their property is underpriced.
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