Idaho Real Estate Practice Exam

Without permission of the seller, what may a limited dual agent NOT disclose to a buyer?

1. The price the seller is willing to accept

2. The seller's motivation for selling

3. The seller's financial situation

4. All of the above

The correct answer is: The seller's motivation for selling

A limited dual agent represents both the buyer and the seller in a transaction, which creates a unique situation regarding confidentiality and fiduciary duties. The agent must maintain the confidentiality of information shared by both parties, which includes the seller's motivations for selling. The seller's motivation may include personal circumstances, such as a divorce, job relocation, or financial distress, and disclosing this information to the buyer could undermine the seller's negotiating position. While the price the seller is willing to accept and their financial situation are also sensitive pieces of information, the correct choice highlights that the seller's motivations for selling are tightly held within the confidentiality—making it a key element that shouldn't be disclosed without explicit permission. This reinforces the importance of trust and confidentiality in the agency relationship. Understanding these boundaries helps protect the interests of all parties involved in a real estate transaction.