Agency
Which of the following is an example of an agent's duty of confidentiality in Wyoming?
ADisclosing the seller's minimum acceptable price to the buyer without authorization
BKeeping the seller's financial distress confidential from the buyer✓ Correct
CTelling the seller the buyer's maximum offer limit
DAll of the above are breaches of confidentiality
Explanation
The duty of confidentiality requires the agent to keep their client's sensitive information private. A seller's agent who discloses the seller's financial distress to the buyer could enable the buyer to negotiate a lower price, harming the seller's interests.
Related Wyoming Agency Questions
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