Fiduciary Duties Flashcards
1
Q
Keira’s sellers have decided to list their home at $300,000. They say they don’t have much wiggle room on the price and ask that she not even bother with an offer less than $290,000. After a few weeks on the market, an offer comes in at $280,000. Her sellers are out of town and unreachable, and they won’t be back until after the offer expires. Keira thinks for a minute about what to do, then calls the buyer’s agent back to tell him that his clients need to bring the offer up; the listing price is $300,000.
Did Keira break the fiduciary duty of confidentiality?
A
No. She didn’t divulge confidential information that the sellers are willing to accept $290,000.
