Virginia Real Estate Exam Practice Question
In which of the following circumstances can an agent reveal confidential information from a client AFTER the agency agreement has ended?
Correct Answer: A
Rationale: An agent may reveal confidential information after the agency agreement has ended if it pertains to monthly installments, as this often involves ongoing financial obligations that may require disclosure for legal or transactional purposes.
Option B, a promissory note, typically involves a specific agreement and does not inherently necessitate the sharing of confidential information post-agreement.
Option C, a verbal assurance, lacks the formal basis needed to justify the release of confidential information, as it is not a legally binding document.
Option D, wired funds, refers to a method of transferring money, which does not relate to the circumstances under which confidential information can be disclosed.
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