medium · National Real Estate Exam agency
A buyer's agent learns through a friend that the seller is desperate to sell because of a pending divorce and job loss.
What should the agent do with this information?
- The agent must keep this confidential to protect the seller's privacy.
- The agent should inform the seller's agent that their 'secret' is out.
- The agent should ignore the information as it is 'hearsay' and not related to the property's physical condition.
- The agent must disclose this to their client (the buyer) to give them a bargaining advantage.
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