Washington License Law
A Washington buyer's broker learns that the seller is about to lose their home to foreclosure. The broker represents only the buyer. The broker may:
AUse this information to negotiate a lower price for the buyer, but cannot share the specific foreclosure details with the buyer
BShare this information with the buyer as it is relevant to negotiations and their interests✓ Correct
COnly share this information with the selling agent
DNot use this information because it was obtained improperly
Explanation
Information about a seller's financial distress — particularly if it's publicly available or obtained legitimately — may be relevant to the buyer's offer strategy. A buyer's broker should share material information with their client buyer that affects the transaction and negotiations.
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