Certain information not to be disclosed by transaction broker without written consent

The following information may not be disclosed by the transaction broker without the informed written consent of the customer: (1) That a buyer is willing to pay more than the asking price or lease rate offered for the property; (2) That a seller is willing to accept less than the asking price or lease rate for the property; (3) What the motivating factors are for any customer, buying, selling, or leasing the property; (4) That a customer will agree to financing terms other than those offered; and (5) Any confidential information about a party to the transaction to the other party unless the disclosure is required by statute or rule or failure to disclose the information would constitute misrepresentation. Source: SL 1998, ch 229 , § 23.