76. According to common-law fiduciary principles, a real estate licensee acting solely as a buyer's agent will not disclose any confidential information received from the
Answer: C
A real estate licensee acting solely as a buyer's agent will not disclose any confidential information received from the buyer.
A real estate licensee acting exclusively as a buyer's agent is obligated to keep confidential information received from the buyer private and cannot disclose it without the buyer's consent.
A) seller.
This option is incorrect because the seller's information is not the focus of a buyer's agent's fiduciary duties. The primary responsibility is to protect the buyer's confidential information, making the seller's information irrelevant in this context.
B) seller and buyer.
This option is also incorrect as it suggests that the agent must keep information from both parties confidential. However, the fiduciary duty specifically emphasizes the protection of the buyer’s confidential information, not that of the seller.
C) buyer.
This option is correct since the fiduciary duty of a buyer's agent is to maintain the confidentiality of any information shared by the buyer. This includes any details that could affect the buyer's negotiating position or personal circumstances.
D) listing agent.
This option is incorrect because the listing agent's information does not fall under the confidentiality obligations of a buyer's agent. The buyer's agent is focused on protecting the buyer's interests and does not owe confidentiality to the listing agent.
Conclusion
The correct answer is C, as it directly addresses the fiduciary duty of a buyer's agent to maintain the confidentiality of the buyer's information. All other options fail to recognize this critical aspect of fiduciary responsibility, emphasizing the importance of protecting the buyer's interests in real estate transactions.