Agency & LawQuestion 33 of 120
Confidential information the agent learns about the principal, such as the seller's willingness to accept less than list price, must generally be:
a.Kept confidential even after the agency relationship ends
b.Disclosed to all prospective buyers
c.Reported to TREC
d.Shared with the buyer's lender
Explanation
The duty of confidentiality protects the principal's private information, including motivation and bottom-line price, and it typically survives the end of the relationship. Disclosing such information would harm the principal's negotiating position.
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