Cal. Civ. Code § 2079.21
Duty to Prospective Purchaser of Real Property
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2019
As of January 1, 2011
A dual agent shall not disclose to the buyer that the seller is willing to sell the property at a price less than the listing price, without the express written consent of the seller. A dual agent shall not disclose to the seller that the buyer is willing to pay a price greater than the offering price, without the express written consent of the buyer.
(a) A dual agent may not, without the express permission of the seller, disclose to the buyer any confidential information obtained from the seller.
(b) A dual agent may not, without the express permission of the buyer, disclose to the seller any confidential information obtained from the buyer.
(c) “Confidential information” means facts relating to the client’s financial position, motivations, bargaining position, or other personal information that may impact price, such as the seller is willing to accept a price less than the listing price or the buyer is willing to pay a price greater than the price offered.
This section does not alter in any way the duty or responsibility of a dual agent to any principal with respect to confidential information other than price.
(d) This section does not alter in any way the duty or responsibility of a dual agent to any principal with respect to confidential information other than price.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.