Disclosing a buyer's concerns about the seller's need to sell quickly by a transaction broker may violate which statute?

• A. Chapter 455
• B. Chapter 120
• C. Chapter 533
• D. Chapter 475

Answer: (D)

In a transaction broker relationship, the licensee must deal honestly and fairly with both parties and protect confidential information obtained during the negotiation. If a buyer’s concerns about the seller’s need to sell quickly are disclosed, that would reveal the buyer’s view of the seller’s motivation, which could unfairly influence the other party and weaken the seller’s negotiating position. Chapter 475 governs real estate brokers and transaction brokers and requires that confidential information be kept confidential and not disclosed to the other party without consent. The other statutes listed don’t address these brokerage duties: Chapter 455 covers general licensing provisions, Chapter 120 is the Administrative Procedure Act, and Chapter 533 is not related to real estate.