Agency
In West Virginia, a buyer's agent who presents their buyer's offer and simultaneously reveals the buyer's maximum budget to the listing agent has:
AFulfilled their duty to be transparent
BBreached their fiduciary duty of confidentiality to the buyer✓ Correct
CComplied with WVREC's disclosure requirement
DActed within the scope of their authority as a general agent
Explanation
Revealing a buyer's maximum budget to the listing agent is a serious breach of the duty of confidentiality. This information would give the seller the ability to counter at the buyer's maximum, eliminating the buyer's negotiating advantage.
Related West Virginia Agency Questions
- A West Virginia listing agent may disclose which of the following to a buyer without breaching their fiduciary duty to the seller?
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