What does "limited confidentiality" mean for transaction brokers?

"Limited confidentiality" in the context of transaction brokers refers to the management of information between the parties involved in a real estate transaction. When transaction brokers operate under a model of limited confidentiality, they maintain the expectation of privacy regarding certain information related to the transaction. This means that they are obliged to keep information confidential unless the parties involved provide written consent to disclose it.

This framework allows transaction brokers to facilitate communication and negotiations while still respecting the privacy of the transactions and the clients' wishes. It emphasizes that while they are not bound by the same level of confidentiality as traditional agents providing fiduciary duties, there is still an obligation to protect sensitive information unless a waiver is given in writing.

In contrast, the other options do not accurately represent the nature of limited confidentiality in this context. For instance, claiming that they must keep all information secret overlooks the scenarios in which disclosure is permissible. Similarly, stating they may disclose any information in public transactions does not align with the limited nature of confidentiality, as it suggests a lack of restraint over sensitive information. Lastly, indicating that they cannot disclose any details to clients fails to recognize the broker's role in facilitating an informed transaction while still observing confidentiality limits.