Under the duty of CONFIDENTIALITY, which piece of information must a seller's agent keep confidential even after the transaction closes?

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Multiple choice — select the best answer

AThe property's listing price
BThe seller's reason for selling (e.g., financial distress)
CMaterial defects known about the property
DThe number of offers received

✓ Correct answer: B. The seller's reason for selling (e.g., financial distress) The seller's motivation (such as financial hardship) is personal information that must remain confidential to protect the seller's negotiating position. Known material defects, by contrast, must be disclosed to all parties.

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Topic: Agency

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Under the duty of CONFIDENTIALITY, which piece of information must a seller's agent keep confidential even after the transaction closes?

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