Michigan License Law Practice Test

What information can Ben disclose after Elena's listing has expired?

1. Information about the buyer's financial status

2. Offers received during her listing

3. Market conditions at the time of listing

4. No information about prior offers

The correct answer is: No information about prior offers

Once Elena's listing has expired, Ben is generally not authorized to disclose any information that could violate the confidentiality of the relationship he had with Elena as her agent. This includes specific details about prior offers received during the listing period, including any information related to the buyer's financial status. The confidentiality obligation persists even after the expiration of the listing agreement. By indicating that no information about prior offers can be disclosed, the correct answer emphasizes the importance of maintaining a client’s privacy and the integrity of the transaction process. This rule helps protect client interests and fosters trust in the real estate profession. Additionally, while market conditions might be available for public discussion, they do not specifically pertain to the confidential aspects of Elena’s listing. Therefore, the focus remains on the ethical obligation Ben has towards safeguarding any sensitive information linked to Elena's prior offers.