A licensee, David, is representing a seller of a detached home in Burnaby. During a private conversation, the seller informs David that they are desperate to sell quickly due to an impending job relocation and would accept an offer significantly below their asking price. What is David's duty regarding this information?

Question: A licensee, David, is representing a seller of a detached home in Burnaby. During a private conversation, the seller informs David that they are desperate to sell quickly due to an impending job relocation and would accept an offer significantly below their asking price. What is David's duty regarding this information?

Answer options:

• David must disclose this information to prospective buyers to facilitate a quick sale, as it is a material fact. ✅ David must keep this information strictly confidential as it relates to his client's motivation and could harm their negotiating position.
• David should subtly hint at the seller's urgency to potential buyers without explicitly revealing the reason.
• David must advise his seller client to make this information public to attract more offers.

Correct answer: David must keep this information strictly confidential as it relates to his client's motivation and could harm their negotiating position.

Explanation: BCFSA Rule 3-3(g) requires a licensee to protect the confidentiality of their client. Disclosing the seller's motivation would breach this duty and harm the seller's interests.