Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. There are no offers on the property during the 6-month listing period and the listing expires. Several weeks later when showing another home to a buyer, Greg mentions that Kim would have accepted less for her home. Which is true?

A. Greg is violating the duties he owes to his new buyer.

B. Greg has put himself in a potential dual agency situation.

C. Greg has violated the duty of confidentiality to Kim.

D. Greg has no fiduciary responsibilities to Kim once the listing expired.

Question

Business

Danny Meyers

10 August, 01:47

Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. There are no offers on the property during the 6-month listing period and the listing expires. Several weeks later when showing another home to a buyer, Greg mentions that Kim would have accepted less for her home. Which is true?

A. Greg is violating the duties he owes to his new buyer.

B. Greg has put himself in a potential dual agency situation.

C. Greg has violated the duty of confidentiality to Kim.

D. Greg has no fiduciary responsibilities to Kim once the listing expired.

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Answers (1)

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Jordyn · Answer 1

C) Greg has violated the duty of confidentiality to Kim.

Explanation:

Kim hired Greg as her real estate agent, and anything that she told him, Greg has to keep for himself as confidential information. They had a 6 month listing agreement that expired, but the duty of confidentiality doesn't expire.

Confidentiality duties don't expire or finish just because the individual is no longer your client, the same applies to a psychologist, doctor, lawyer, etc.