Free Pennsylvania Real Estate Practice Exam Practice Question
When representing a seller, which of the following is a TRUE statement regarding the duties a licensee owes?
Correct Answer: C
Rationale: Option C is accurate as a licensee must maintain confidentiality regarding the seller's acceptable price, especially if it is lower than the asking price, to protect the seller's negotiating position.
Option A is incorrect; the obligation of confidentiality typically extends beyond the listing contract to protect sensitive information indefinitely.
Option B is misleading; while a licensee may not be required to disclose all offers, ethical practices often encourage transparency, particularly if it benefits the seller.
Option D is false; a licensee is not mandated to disclose commission splits, as this information is typically considered proprietary.
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