Is furnishing public information to the buyer a violation of the agency relationship?

Prepare for the Georgia Auctioneer License Exam. Review with multiple choice questions and detailed explanations to excel. Start your auctioneer journey now!

Furnishing public information to the buyer does not violate the agency relationship because public information is not considered confidential. In an agency relationship, the agent has a fiduciary duty to act in the best interest of their client, which includes maintaining confidentiality around private and sensitive information shared within the scope of that relationship. However, public information is available to anyone and thus does not breach the duty of confidentiality.

By sharing public information, the agent is not undermining their responsibilities to the client but rather is fulfilling the role of providing useful and relevant data that could assist the buyer in making informed decisions. This practice can promote transparency and trust in the agent-client relationship. Therefore, the act of providing public information correctly aligns with the ethical duties of an agent without infringing on the agency's integrity.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy