True or False: Listing agents must not disclose the identity of competing buyers.

• A. It depends
• B. True
• C. Not enough information
• D. False

Answer: (B)

The key idea is confidentiality and the fiduciary duty to the client. Listing agents are obligated to protect their clients’ privacy, including the identities of buyers. Revealing who is bidding can unfairly disadvantage those buyers and affect the integrity of the process. So when there are competing offers, the agent should present each offer with its terms and conditions to the seller, while keeping the buyers’ identities confidential unless a buyer explicitly agrees to disclosure or there is a specific legal or policy requirement. This is why the statement is true: the identity of competing buyers should not be disclosed.